This EDA investment funds the developing the statewide ecosystem through the cobuilders accelerator project, to run a coordinated virtual accelerator, unlocking resources like mentors, service…

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 project aims to accelerate at least 20 early-stage startups, likely securing $3M in investment and creating over 100 jobs. Once completed, the accelerator program will establish the foundation of a sustainable ecosystem to support the development and retention of technology-driven businesses across the state.

This EDA investment funds the developing the statewide ecosystem through the cobuilders accelerator project, to run a coordinated virtual accelerator, unlocking resources like mentors, service providers, and investment capital across underrepresented regions. Once completed, the project will represent the foundation of a critical and sustainable ecosystem to support the development and retention of early-stage startups. At least 20 companies will be accelerated over 24 months through this program - likely securing an estimated $3M in investment and creating at least 100 jobs.