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Seattle Accelerator Awarded $50,000 for Small Business Startups Through 4th Annual SBA Growth Accelerator Fund Competition

Second year WIN Life Sciences Startup Accelerator Program is recipient; SBA announces 20 recipients nationwide
Release Date: 
Thursday, November 2, 2017
Release Number: 
2017-11-02
Advisory Date: 
Thursday, November 2, 2017
Advisory Number: 
2017-11-02
Contact: 
Lisa White: lisa.white@sba.gov

SEATTLE – The U.S. Small Business Administration (SBA) Seattle District Office announces the Washington Innovation Network (WIN) Life Sciences Startup Accelerator Program is one of 20 winners of the fourth Growth Accelerator Fund competition.

The accelerators represent a broad set of industries and sectors from manufacturing to tech startups to farming with a diversified range of demographic groups.

“Seattle’s reputation as an innovative center for startups gains momentum each year,” SBA Seattle District Director Kerrie Hurd said. “We are excited to see WIN Life Sciences continue their work extending entrepreneurial opportunity and mentoring to more businesses in the Seattle startup ecosystem.”

The WIN program is a program provided by Life Science Washington. WIN gives promising early-stage life science ventures assistance through their most critical stages. In this milestone-focused program, entrepreneurs are matched with a team of seasoned volunteer advisers with diverse expertise in commercialization and business execution. 

“We are thrilled to be a recipient,” Vice President of Commercialization for Life Science Washington Dr. Patricia Beckmann said. “The grant reaffirms how critical mentorship programs like WIN are to this ecosystem as well as the importance of having a vibrant life science industry in Washington state.”

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, Massachusetts
  • Maine Center for Entrepreneurial Development - Portland, Maine
  • MergeLane - Boulder, Colorado
  • Hera Labs - San Diego, California
  • KiiLN - Manhattan, New York
  • Local Works - Charleston, South Carolina
  • WiSTEM/1871 - Chicago, Illinois
  • The JunipHER Project - Williamsburg, Virginia
  • Bioscience & Technology Business Center - Lawrence, Kansas
  • MORTAR - Cincinnati, Ohio
  • WIN Life Sciences Startup Accelerator Program - Seattle, Washington
  • FirstWaVE Accelerator - Tampa, Florida
  • XLR8UH - Honolulu, Hawaii
  • First Flight Venture Center - Research Triangle Park, North Carolina
  • I-Corps Puerto Rico Accelerator - San Juan, Puerto Rico
  • Native Entrepreneur In Residence - Albuquerque, New Mexico
  • Fannin Innovation Studio - Houston, Texas
  • Circular Board - Houston, Texas
  • Peninsula Technology Incubator - Hampton, Virginia
  • Veterans Future Lab - Brooklyn, New York

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.

Life Science Washington is an independent, non-profit 501(c)(6) trade association whose mission is to stimulate life science innovation, job creation and ecosystem vibrancy across Washington state through engagement, collaboration, promotion, and advocacy. Serving more than 500 members, Life Science Washington brings together research institutions, investors and innovators to grow the state’s life science economy. More information can be found at www.lifesciencewa.org.

About the U.S. Small Business Administration (SBA)

The 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. For more information visit www.sba.gov.

The SBA Seattle District serves Washington state and northern Idaho with office locations in Seattle and Spokane. SBA staff provides resources and services in three areas referred to as “the three C’s” – Counseling, Capital and Contracting. Visit www.sba.gov/wa for localized information including resource partners, lenders, events and workshops, success stories, news and updates, and other information aimed to help business start, grow and succeed.

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