Javier is the SBA's Associate Administrator for the Office of Investment and Innovation (OII) and is part of the SBA's senior leadership team. He leads the agency's Small Business Investment...
Office of Investment and Innovation
SBA Growth Accelerators
In May of 2014, the U.S. Small Business Administration launched a $2.5 million competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each to fund operating budgets. To award the prizes, an expert panel of judges considered each applicant’s stated mission, founding team members and business goals among other core components.
The panel gave particular attention to, and the SBA encouraged, applicants that fill geographic gaps in the accelerator and entrepreneurial ecosystem space. It is well known that the most successful accelerators to date were founded on the coasts. Through this competition, we are looking to support the development of accelerators and thus startups in parts of the country where there are fewer conventional sources of access to capital (eg: venture capital and other investors).
In addition to accelerators which fill the gaps described above, we also sought out accelerators which are run by and support women or other underrepresented groups. Lastly, special consideration was given to any accelerator models which support manufacturing.
For the purposes of this competition, Growth Accelerators include accelerators, incubators, co-working startup communities, shared tinker-spaces or other models to accomplish similar goals.
- 2014 Growth Accelerator Competition Metrics and Results as of 01/31/15
- SBA Spurs Economic Growth, Announces 50 Awards to Accelerators - Press Release
- SBA Launches Growth Accelerator Fund - Blog Article
- Ecosystem of SBA's Growth Accelerator Fund Infographic (PDF with Accessible text)