2024 Build to Scale

Ceiling: $5,000,000
Applications Due: Closed
Federal
U.S. Department of Commerce (Economic Development Administration)

The 2024 Build to Scale grant invites organizations supporting tech-focused, high-growth companies to apply for funding, with the aim of enhancing entrepreneurial capacity, accelerating regional economic growth, empowering communities to assist tech innovators, and increasing equitable access to capital for tech-enabled entrepreneurs, while focusing on operational and programmatic costs related to regional innovation initiatives.

Description

EDA invites organizations that support technology- and innovation-centric, high-growth companies (including but not limited to startups) as they develop, demonstrate, and deploy the next generation of critical and emerging technologies to apply for Build to Scale funding. The Build to Scale program aims to: build public and private capacity for entrepreneurs and innovators to invent, improve, and bring to market new products and services in critical, emerging, and transformative sectors and industries3; accelerate the growth of regional economies that are focused on industries of the future; empower communities to provide proof-of-concept and commercialization assistance to technology innovators and entrepreneurs; and equitably and inclusively increase access to capital for technology-enabled entrepreneurs. This grant program supports organizations that 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. Frequently, entrepreneurs working in one or a set of related industries and technologies benefit from complementary resources, facilities, and labor markets. Awards made under Build to Scale may only fund operational and programmatic costs related to developing and supporting regional innovation initiatives. Award funds may not be passed or transferred directly to beneficiaries (i.e., participant startup companies and individuals) served by the program being funded by award funds. Apply here: https://sfgrants.eda.gov/s/funding-program/a2jSJ0000003YoLYAU/fy-2024-build-to-scale

Eligibility

States
All
Regions
All
Eligible Entities
State governments, County governments, City or township governments, Special district governments, Public and State controlled institutions of higher education, Native American tribal organizations, Private institutions of higher education, Nonprofits

Funding

Program Funding
$50,000,000
Award Ceiling
$5,000,000
Award Floor
Award Count
40

Timing

Posted Date
September 10, 2024
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
October 28, 2024

Funder

Funding Source
Source Type
Federal
Contact Name
Contact Email
Contact Phone
--

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