The Department of Commerce invites organizations who are aiding companies in developing the next generation of technologies to apply for 2022 Build to Scale Program.
Donor Name: Department of Commerce
State: All States
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/13/2022
Grants Size: up to $2,000,000
Grant Duration: 3 years
Details:
These organizations may be operating initiatives to unlock investment capital across a region or sector, operating programs to accelerate company growth, empowering the next generation of entrepreneurs, or otherwise enabling technology commercialization.
Categories
- Venture Challenge: Under the Venture Challenge, EDA seeks competitive proposals that support technology entrepreneurship and accelerate company growth in their community, region, or combination of regions. Competitive proposals will outline how the project will strengthen economic competitiveness through new product or service innovation or new technology adoption, enhancing research commercialization processes and outcomes, remediating structural barriers that inhibit regional innovation capacity and resilience, or leveraging regional competitive strengths to stimulate innovation and the creation of high-skill and highwage jobs.
- Capital Challenge: The Capital Challenge provides operational support for the formation, launch, or scale of investment funds that seek to raise equity-based capital to deploy in scalable startups (e.g., angel, seed, or venture funds) or of organizations that expand equity-based capital access and deployment within a community, region, or regional industry (e.g., angel networks or investor training programs). The Capital Challenge does not support strictly debt-based capital.
Funding Information
- Funding for the Venture Challenge is available at two levels: Build and Scale. Venture Challenge Build applicants may request up to $750,000, and Venture Challenge Scale applicants must request more than $750,000 and may request up to $2,000,000 over the period of performance, which EDA expects will be approximately three years unless the applicant clearly justifies a shorter or longer period of performance and EDA accepts that justification.
- Funding for the Capital Challenge is available at two levels: Form and Deploy. Capital Challenge Form applicants may request up to $300,000, and Capital Challenge Deploy application must request more than $300,000 and may request up to $750,000 over the period of performance, which EDA expects will be approximately three years unless the applicant clearly justifies a shorter or longer period of performance and EDA accepts that justification.
Eligibility Criteria
- Native American tribal governments (Federally recognized)
- City or township governments
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
- Private institutions of higher education
- Public and State controlled institutions of higher education
- State governments
- Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
- County governments
For more information, visit Grants.gov.
