This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Charlotte Community Capital Access Investment Initiative. Over three years, the University of North Carolina at Charlotte will engage multiple university and community resources to identify new local capital sources, educate underrepresented potential angel investors, and ensure 120 emerging entrepreneurs are fully prepared for investment. Specifically, the...
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...
The South Carolina State-Wide Investment Accelerator Project will receive $2.1 million from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) from November 2022 through October 2025. The funding will support organizing, launching and operating a statewide investment accelerator program with stakeholders to identify an accelerator contractor, recruit and deliver programming twice annually for early-stage startup cohorts,...
The Economic Development Administration awarded a $2,985,374 project grant to the Rutland Economic Development Corporation under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant funds the Rutland's Tech Startup Incubator Project to transform the rural economy of Vermont by driving scalable tech entrepreneurship, investment, and high-skill, high-paying job creation. Key deliverables include identifying and inspiring a local culture of tech innovation, creating and implementing an...
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...
This $3.2 million project grant from the Department of Commerce's Economic Development Administration funds the Upstate NY Capital Gap Angel Fund. The grant supports the launch of a new seed fund to expand venture capital investment and mentorship opportunities for underserved entrepreneurs across upstate New York. The awardee, Excell Partners, Inc., will use the three-year grant to attract follow-on capital for portfolio companies by mentoring ventures. Once implemented, the Upstate NY...
This $2.26 million project grant from the Department of Commerce's Economic Development Administration funds the Capital Gravity Arizona: Startup and Innovation Ecosystem Capital Accelerator Program. Delivered by Next Foundation, the program aims to create Capital Gravity Arizona, a transformational capital accelerator for Arizona's startup and innovation ecosystems. Key services include welcome programming, pipeline access, diverse learning communities, and innovation ecosystems for each cohort...
This $4.8 million Economic Development Administration project grant funds the New Orleans Startup Fund Inc. to launch the Diversifying and Expanding the Entrepreneurship Pipeline in Technology in New Orleans initiative through September 2025. The Startup Fund will enhance its portfolio management capacity and deliver customized technical assistance to over 100 women- and minority-owned technology entrepreneurs to help them progress from pre-seed funding to venture capital rounds and exits. It...
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 Department of Commerce Economic Development Administration awarded a $5,845,600 Project Grant under the BUILD TO SCALE federal grant program (CFDA 11.024) to Southern Windsor County Incubator Inc. The grant funds the Scaling a Successful Innovation Ecosystem through East Central Vermont project to support technology entrepreneurs in the region. Under the award, Southern Windsor County Incubator Inc. DBA Black River Innovation Campus and Green Mountain Economic Development Corporation will...