Build to Scale (B2S) Program

 
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    CFDA#

    11.024
     

    Funder Type

    Federal Government

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    Economic Development Administration (EDA)

    Summary

    EDA's Office of Innovation & Entrepreneurship is committed to furthering technology-based economic development initiatives that accelerate high quality job growth, create more economic opportunities, and support the future of the next generation of industry leading companies. To advance these goals, EDA awards grants through the Build to Scale Program (formerly the Regional Innovation Strategies Program) for activities designed to develop and support regional innovation initiatives.


    Under the Build to Scale Program, EDA is soliciting applications for two separate competitions: (1) the Venture Challenge and (2) the Capital Challenge. Applicants may apply to multiple challenges but may only submit one application per competition.

    • Venture Challenge -EDA seeks competitive proposals that support technology entrepreneurship and accelerate company growth in their community, region, or combination of regions. Competitive proposals will outline how the project will strengthen economic competitiveness through new product or service innovation or new technology adoption, enhancing research commercialization processes and outcomes, remediating structural barriers that inhibit regional innovation capacity and resilience, or leveraging regional competitive strengths to stimulate innovation and the creation of high-skill and high wage jobs. Companies served by the applicant organization should be challenging the status quo of established markets or commercializing technologies, as well as furthering job creation within their businesses. Applicants should provide evidence that illustrates how funds leveraged through this competition will not only launch new programming and/or scale existing programming, but also generate sustainable added value for the region's entrepreneurial ecosystem by augmenting existing regional assets for innovation and entrepreneurship.
    • Capital Challenge - The Capital Challenge provides operational support for the formation, launch, or scale of investment funds that seek to invest their capital in scalable startups or to organizations with a goal to expand capital deployment within a community, region, or regional industry (i.e., angel networks or investor training programs). Funding will primarily support operational and programmatic costs and may not be used as investment capital.
     

    History of Funding

    Previous grantees can be seen at https://www.eda.gov/oie/historical/.

    Additional Information

    EDA is not authorized to provide grants to individuals under this NOFO, and such requests will not be considered for funding. Organizations that are or plan to be operating within the period of performance of a previously-awarded grant for the Venture Challenge, Industry Challenge, or i6 Challenge (the predecessor to the Venture Challenge) are not eligible for a 2022 Venture Challenge grant. Correspondingly, organizations that are or plan to be operating within the period of performance of a previously-awarded grant for the Capital Challenge or Seed Fund Support (the predecessor to the Capital Challenge) are not eligible for a 2022 Capital Challenge grant.

    Contacts

    Office of Innovation and Entrepreneurship Staff

    Office of Innovation and Entrepreneurship Staff
    1401 Constitution Avenue, NW Suite 71014
    Washington, DC 20230
    (202) 482-8001
     

  • Eligibility Details

    Entities that are eligible for funding include:

    • a State;
    • an Indian tribe;
    • a city or other political subdivision of a State;
    • an entity whose application is supported by a State or a political subdivision of a state and that is—
      • a nonprofit organization;
      • an institution of higher education;
      • a public-private partnership;
      • a science or research park;
      • a Federal laboratory;
      • a venture development organization; or
      • an economic development organization or similar entity; or
    • a consortium of any of the immediately aforementioned entities

    Deadline Details

    Applications are due July 28, 2023.

    Award Details

    For FY23, the EDA has been appropriated $50 million for grants. Award amounts vary by program type:

    • Venture Challenge Funding for the Venture Challenge is available at three levels: Build, Scale, and Ignite. Venture Challenge Build applicants may request up to $750,000, Venture Challenge Scale applicants must request more than $750,000 and may request up to $2,000,000 over the period of performance, which EDA expects for Build and Scale to be approximately three years. Venture Challenge Ignite applicants may request up to $300,000 over the period of performance, which EDA expects will be approximately 18 to 24 months.
    • Capital Challenge -Funding for the Capital Challenge is available at two levels: Form and Deploy. Capital Challenge Form applicants may request up to $400,000, and Capital Challenge Deploy application must request more than $400,000 and may request up to $750,000 over the period of performance, which EDA expects will be approximately three years unless the applicant clearly justifies a shorter or longer period of performance and EDA accepts that justification.

    A cost share of at least 50% is required.


    A total of 65 awards are expected in FY23.

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • NSF Funding for Campus Cyberinfrastructure in Higher Education - Sponsored by NetApp - Playback Available
    • Funding High Performance Computing in Support of University Research – Sponsored by NetApp - Playback Available
    • Getting A Virtualization Project Funded - Sponsored by NetApp - Playback Available

 

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