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Office of Investment and Innovation
SBA Growth Accelerator Fund Competition
$3 Million for High Tech, Small Business Focused Accelerators in 2019
For the fifth year, the U.S. Small Business Administration launched the Growth Accelerator Fund competition for the nation's most innovative and promising small business accelerators and incubators to compete for monetary prizes of $50,000 each.
The 2019 Competition focused on accelerators that work with high tech entrepreneurs that are potential Small Business Innovation Research (SBIR) or Small Business Tech Transfer (STTR) program applicants (www.sbir.gov). This year’s award recipients will focus at least 60 percent of their Competition-related work to entrepreneurs who represent one of the following groups: women; socially and economically disadvantaged individuals; entrepreneurs living in or whose businesses are located and operate in states with a lower number of SBIR/STTR awards, or in an Opportunity Zone.
The recipients, representing accelerators and incubators across 39 states and territories focused on a broad set of industries and sectors, will receive a total of $3 million in awards to support startups and entrepreneurs researching and developing STEM-related innovations.
Class of 2019