Project Grant HG343412060A36

The Center for Advancing Innovation, Inc. was awarded a $2.49 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to launch the Global Health Innovation Challenge. Over three years, the Center will source and launch over 60 high-growth startups in the Washington D.C. metro area to address global health threats using technology. The startups will focus on preventing, diagnosing, treating and...

The Department of Commerce Economic Development Administration (EDA) awarded a $2.2 million Project Grant to the Chico Economic Planning Corporation under the BUILD TO SCALE federal grant program (CFDA 11.024). The funding supports the ChicoStart Accelerate Innovation by Mobilization to Rural Communities (AIM-RC) Technology-based Business Incubator Development Project. Through this project, ChicoStart will partner with CleanStart and California State University, Fresno to support innovation...

The Minneapolis Saint Paul Regional Economic Development Partnership (MSP REDP) was awarded a $1,202,452 project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant funds the Forge North Angel Activation Campaign project, which will establish a startup coalition in the Greater Minneapolis-Saint Paul region to recruit 200 new angel investors through educational events and cohort-based learning...

Alaska Growth Capital Bidco, Inc. (dba Alaska Growth Capital) received a $1,735,187 project grant award from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The April 10, 2023 award will support Alaska Growth Capital's lending, grant making, and investment activities through December 31, 2028 to expand access to capital in underserved communities...

The Economic Development Administration awarded a $655,215 Project Grant to Idea Foundry under the BUILD TO SCALE federal grant program (CFDA #11.024) to launch an investment initiative in Southwestern Pennsylvania from October 1, 2021 to September 30, 2024. The initiative will catalyze growth-stage investment into high-growth potential companies in the region to address declines in early venture capital availability. Idea Foundry will directly match and connect later-stage startup companies...

The Department of Commerce Economic Development Administration awarded a $10.9 million cooperative agreement under the Economic Adjustment Assistance program (CFDA 11.307) to the New Growth Innovation Network to unite community-based organizations, economic development districts, and economic development organizations in partnerships. The award will fund the New Growth Innovation Network project from October 2022 to October 2025. The project aims to advance equity in economic development and...

This $1.4 million Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program funds the Southern California Venture Pipeline (SVP) Capital Fund Development Project. The Alliance for Southern California Innovation will review startup applications, vet companies, and forward qualified deals to an evaluator panel. Roughly 75% of applicants will need mentorship to prepare for future funding rounds. Startups selected by the panel will pitch to a...

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...

The Department of Commerce Economic Development Administration awarded North Carolina Agricultural and Technical State University a $47,374,730 project grant under the Economic Adjustment Assistance program (CFDA 11.307) to implement Steps4Growth from September 1, 2022 to September 30, 2026. Steps4Growth will deliver clean energy training programs and job placement services across 16 economically distressed counties in North Carolina through a network of sub-awardees including community...

The Department of Commerce Economic Development Administration (EDA) awarded the University of Florida a $3,024,924 Project Grant under the EDA's BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the University's 10-in-5 program, which aims to identify and nurture ten high-growth minority-owned tech startups that achieve a collective valuation of $1B over five years. Specifically, the 10-in-5 program will provide business training, mentoring, and resources to 100...