The 2024 Build to Scale grant program, offered by the U.S. Department of Commerce Economic Development Administration (EDA), aims to build public and private capacity for entrepreneurs and innovators to develop and commercialize new technologies. The program supports organizations that enable technology commercialization, accelerate the growth of regional economies focused on industries of the future, provide proof-of-concept and commercialization assistance to technology innovators, and increase equitable access to capital for technology-enabled entrepreneurs. Key evaluation criteria include project quality, economic impact, capital access, workforce, equity, and alignment with regional technology strategies. The application deadline is October 28, 2024.
Awards of up to $5 million are available under this program, with a minimum 1:1 matching requirement. EDA expects to make 40-50 awards, and eligible applicants include state/local governments, nonprofits, higher education institutions, and other entities focused on technology/innovation-based economic development. Grant funds can only be used for operational and programmatic costs related to developing and supporting regional innovation initiatives, and cannot be passed directly to beneficiary companies or individuals.
Generated 9/29/24, 6:11 AM