NEWS 2 USE: Here Are The Final Results for This Competition:
On Thursday, September 4, 2014 the SBA has announced the 50 winners of the first Growth Accelerator Fund competition.
The recipients – each awarded a cash prize of $50,000 – come from a broad set of industries and sectors – from manufacturing to tech start-ups to farming as well as diverse demographic groups.
To see the list of the 50 winners, go here: http://bit.ly/SBAListOf50AwardedAccelerators
The U.S. Small Business Administration is launching 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 will consider each applicant’s stated mission, founding team members and business goals among other core components.
It is well known that the most successful accelerators to date were founded on the coasts. Through this competition, they 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).
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