Project Grant HG343512060A55

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...

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...

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...

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 $3.27 million Project Grant to Social Entrepreneurs of New Orleans Inc., doing business as Propeller: A Force for Social Innovation, to scale venture capital investments that support minority-owned businesses through the BUILD TO SCALE federal grant program (CFDA 11.024). Over a three-year period, Propeller and its partner New Orleans Startup Fund will build capacity for due diligence, fundraising, and technical assistance to grow their initial...

The Gulf of Maine Research Institute (GMRI) was awarded a $1.5 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program to expand its Blue Economy Initiative through September 2024. The Blue Economy Initiative applies technology to traditional and emerging marine industries to spur sustainable economic growth and job creation in the Gulf of Maine region. GMRI's Gulf of Maine Ventures office will use the funding to...

Launch New York, Inc. received a $1.5 million Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program. The grant will support Launch New York's FAST FORWARD FOR TECH-DRIVEN STARTUPS initiative, which is designed to help seed-stage companies progress to market entry and expansion. As the sole venture development organization serving 27 counties in Western New York, Launch New York will introduce the FAST FORWARD...