The University of South Carolina received a $800,949 Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will fund the organization, launch and operation of the South Carolina Rising pre-seed/seed investment fund. The investment fund will identify, qualify and provide equity investments to promising early-stage technology companies based in South Carolina. In addition, the grant will...
The Department of Commerce Economic Development Administration (EDA) awarded a $1.5 million Project Grant to Innovate Mississippi under the BUILD TO SCALE federal grant program (CFDA 11.024) to develop the statewide ecosystem through the COBuilders Accelerator Project. The grant will fund a coordinated virtual accelerator unlocking resources like mentors, service providers, and investment capital across underrepresented regions in Mississippi. Over a 24-month period starting November 1, 2022,...
The University of California, San Diego will receive $1.86 million from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to develop and operate a business acceleration program in La Jolla, California from October 1, 2021 through September 30, 2024. The program will provide entrepreneurial firms with workshops, training, advisory services, and mentorship on concepts of innovation and entrepreneurship. It aims to increase...
This $6,021,480 project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Village to Venture: EDA Build to Scale Venture Challenge. Through a partnership between Southwestern Community College, the University of San Diego, and the Connect Foundation, this project will support underrepresented entrepreneurs in the San Diego region in accessing traditional capital sources and creating new jobs. Specifically, the partnership will...
The Economic Development Administration awarded a $2.17 million Project Grant to Vilcap, Inc. to develop lasting investment infrastructure for technology startups led by founders of color in the Southeast region of the United States. Under the Resource Invests initiative funded through the agency's BUILD TO SCALE program (CFDA #11.024), Vilcap will work with the Black Innovation Alliance from November 2022 to April 2024 to launch infrastructure and a replicable model to improve...
This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Diversify-Connect-Fund Project to support the entrepreneurial ecosystem in Greater Charlottesville, Virginia. The two-year project aims to improve outcomes for underrepresented startup founders and investors. Key services include an Angel Academy program modeled after an accelerator to provide outreach, recruitment, selection and six-to-eight week training...
The Department of Commerce Economic Development Administration awarded Innovation Works $8 million under the BUILD TO SCALE federal grant program (CFDA 11.024) to implement the Scaling Networks in Southwestern Pennsylvania Project from November 1, 2022 to October 31, 2025. The project aims to deepen, strengthen and cross-pollinate networks of mentors, corporate partners, investors and supply chain partners to more scalably deliver entrepreneurial services to startups in the region. Key...
The $891,000 Economic Development Administration Project Grant will support the South Carolina Association for Community Economic Development's minority business development initiative. The initiative aims to help minority-owned businesses in Charleston, South Carolina recover from the COVID-19 pandemic and develop greater resiliency. Funding will cultivate more qualified entrepreneurs and help build businesses that create new, higher-paying jobs. Training and wrap-around services will also be...
The South Carolina Association for Community Economic Development (SC ACED) was awarded a $2.5 million Project Grant from the Small Business Administration (SBA) Office of Entrepreneurial Development under the Community Navigator Pilot Program (CFDA #59.077). Through November 2023, SC ACED and its subrecipients will provide high-quality support and technical assistance to small businesses and entrepreneurs from historically underserved categories on pandemic relief programs and recovery...
The Department of Commerce's Economic Development Administration awarded a $1 million Project Grant under its Economic Adjustment Assistance program (CFDA 11.307) to the South Carolina Council on Competitiveness, doing business as New Carolina, for statewide planning efforts from November 2021 through May 2024. As part of EDA's American Rescue Plan recovery funding, this grant will support the development of a comprehensive statewide plan to strengthen South Carolina's economy, address climate...