COVID-19 relief options and additional resources
LEARN MORE Close

SBA Announces 20 Growth Accelerator Fund Competition Recipients

EparaTodos or Entrepreneurship for All based in Lowell, MA receives $50K
Release Date: 
Tuesday, October 31, 2017
Release Number: 
18-2
Contact: 
Norman Eng 617-565-8510

BOSTON – Entrepreneurship for All (EforAll), headquartered in Lowell, MA, has been awarded $50,000 by the Small Business Administration as part of the fourth Growth Accelerator Fund competition. Accelerators awarded represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups.

Bob Nelson, District Director of the SBA in MA says: “Congratulations to Entrepreneurship for All and their EparaTodos program for being 1 of just 20 winners nationally in the 2017 Growth Accelerator Fund competition.   The SBA in Massachusetts is excited to support EparaTodos and Spanish entrepreneurship in Lawrence, Lynn, and elsewhere across the Commonwealth with a goal of helping underserved small businesses to start, grow and create jobs in the community.”

EforAll creates economic opportunity and social mobility through inclusive entrepreneurship. The organization is driven by the belief that the best way to create a sustainable and equitable economic future is by empowering entrepreneurs of all socioeconomic backgrounds, regardless of their geographic location. EforAll’s EparaTodos program is one of the first Spanish language accelerators in the country.

Janin Duran, Executive Director of EparaTodos Lowell-Lawrence says: “EparaTodos is a vital program for Spanish-speaking entrepreneurs, helping them launch a wide variety of business ideas. EparaTodos will use the SBA funds to create a version of the Lawrence program that will work in Lynn and hopefully many more cities across the country.”

Congressman Seth Moulton, who was involved in bringing EforAll to Lynn and as well in encouraging the SBA to award this grant, said, “Congratulations to EforAll and EparaTodos for receiving  this exciting SBA grant.  There are hundreds if not thousands of entrepreneurs in Lynn looking for a program like EparaTodos to help them turn their ideas into businesses. This is great news for the continued development of the city of Lynn.”

EforAll is the only Massachusetts winner from this program, and the only MA grantee to win this award two times.   EforAll will be using the $50,000 grant to help expand EforAll's nationally recognized Spanish language business accelerator program, EparaTodos, to the city of Lynn.

David Parker, EforAll CEO says: “We at Entrepreneurship for All are thrilled to win $50,000 a second time from The Small Business Administration.  We look forward to working with the SBA to further Spanish entrepreneurship through our EparaTodos program in Lawrence, Lynn, and other Massachusetts cities.”

 

Growth Accelerator Fund Competition

Each organization will receive from the SBA a cash prize of $50,000. In accepting these funds, the accelerators will be committing to bi-annual reporting for one year and will be required to report metrics on jobs created, funds raised, startups launched and corporate sponsors obtained among other pieces of information. These metrics will allow the SBA to maintain a useful dataset of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities.

Winners were selected through a two tier review panel process with experts in entrepreneurship, investing and business plans both inside and out of the federal government. The finalist expert judges reviewed the applications and pitch videos submitted by the finalists.

The purpose of the competition is to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. There are entrepreneurial activities taking place in all 50 states, but some are better supported by private sector ecosystems than others.

The 20 winners are:

  • EparaTodos: Negocios Exitosos- Lowell, Mass.
  • Maine Center for Entrepreneurial Development- Portland, Maine
  • MergeLane- Boulder, Colo.
  • Hera Labs- San Diego, Calif.
  • KiiLN- Manhattan, N.Y.
  • Local Works- Charleston, S.C.
  • WiSTEM/1871- Chicago, Ill.
  • The JunipHER Project- Williamsburg, Va.
  • Bioscience & Technology Business Center- Lawrence, Kan.
  • MORTAR- Cincinnati, Ohio
  • WIN Life Sciences Start Up Accelerator Program- Seattle, Wash.
  • FirstWaVE Accelerator- Tampa, Fla.
  • XLR8UH- Honolulu, Hawaii
  • First Flight Venture Center- Research Triangle Park,, N.C.
  • I-Corps Puerto Rico Accelerator- San Juan, Puerto Rico
  • Native Entrepreneur In Residence- Albuquerque, N.M.
  • Fannin Innovation Studio- Houston, Texas
  • Circular Board- Houston, Texas
  • Peninsula Technology Incubator- Hampton, Va.
  • Veterans Future Lab- Brooklyn, N.Y.

For more information about accelerators, the Growth Accelerator Fund Competition and a full list of award winners past and present, visit: www.sba.gov/accelerators.  

 

 

About the U.S. Small Business Administration:

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012, has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam.  To learn more, visit www.sba.gov

 

About Entrepreneurship for All (EforAll):

EforAll accelerates economic and social impact through inclusive entrepreneurship in mid-sized cities. EforAll believes that the best way to revitalize mid- sized U.S. cities that have fallen into decline, and suffer related high rates of poverty and unemployment, is to fuel the dreams and ambitions of entrepreneurs who live in and near these cities. We believe that they understand their city and its problems better than anyone else and have ideas and solutions with the potential to make their city prosper once again while they create their own pathway out of poverty.  The organization currently operates in Lowell, Lawrence, Lynn, Fall River, New Bedford, and Lynn.  To learn more, visit: www.eforall.org/

 

###