The Department of Commerce Economic Development Administration (EDA) awarded a $1,323,450 BUILD TO SCALE (CFDA 11.024) grant to Fearless Solutions, LLC ("Fearless") to fund the Hutch Digital Services Incubator project. The project aims to scale Fearless' reach within focused verticals, expanding connections between mentors, digital services experts, and government administrators to accelerate innovation and transformation within federal agencies. The grant also provides coaching and training to young digital services companies to help them establish a strong foundation for success with government agencies, incorporating Lean Startup methodologies and U.S. Digital Service best practices. The goal is to create an ecosystem of minority-owned and woman-owned companies that reflect the demographics of the Mid-Atlantic region, attract entrepreneurial talent, and grow 45 new digital services firms by 2025, creating new job opportunities within underrepresented communities and achieving a 95% business success rate 5 years post-graduation.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $661.7k | 9/25/23 |