U.S. Department of Commerce Announces 60 Recipients of “Build at Scale” Program to Support Innovators, Entrepreneurs, and Startups Through Technology-Based Regional Economic Development Strategies

U.S. Department of Commerce Announces 60 Recipients of “Build at Scale” Program to Support Innovators, Entrepreneurs, and Startups Through Technology-Based Regional Economic Development Strategies

Washington – The U.S. Department of Commerce today announced “Build at Scale” grants awarded to 60 organizations across the country — located in 36 states, the District of Columbia, and Puerto Rico — totaling $53 million for programs that support technology entrepreneurs and stimulate innovation. And stimulating economic growth. This is the tenth group of beneficiaries of this program.

The grants, part of the Build at Scale program administered annually by the U.S. Department of Commerce’s Economic Development Administration (EDA), aim to accelerate technology entrepreneurship by increasing universal access to entrepreneurial assistance and startup capital. These EDA investments support innovation industries, such as agriculture technology (agtech), biosciences, advanced manufacturing, blue economy, and health technology, among others.

“The Biden-Harris administration is investing in America to help create entrepreneurial ecosystems across the country and bring high-quality 21st century jobs in people’s backyards,” he said. Commerce Secretary Gina Raimondo. “Building at Scale will unleash the innovation potential in regions across the country, improving our economic competitiveness now and for decades to come.”

“The EDA is proud to partner with this year’s Build at Scale grantees as they support regional innovation hubs and technology-based economic development strategies across the United States,” he said. Assistant Secretary of Commerce for Economic Development Alejandra Castillo. “Investing in scalable startups and expanding access to entrepreneurial capital will lead to good-paying jobs, economic resilience, and equitable growth in communities across America.”

The FY23 Build at Scale program consists of two competitions – the Project Challenge and the Capital Challenge. Each challenge had multiple funding levels designed to support organizations at different levels based on their needs, capabilities and vision.

the Adventure challenge Supports programs that enable high-growth technology entrepreneurship and promote universal access to proven entrepreneurship support models. This competition contains three levels: lit (to plan and launch new technology-based economic development strategies); Builds (to pilot or adapt new software); And size (To measure an installed program).

the Capital challenge Increases access to capital in communities with a shortage of risk capital. Operational support is provided to early-stage investment funds, networks and training programs focused on traditional and hybrid equity-based finance. This competition contains two levels: Form (to educate, communicate with investors and create new funds); And to publish (To expand and operate stock-based investment funds). These grant funds cannot be used as investment capital.

The 2023 award winners — which include nonprofits, universities, government agencies and other entrepreneurship-focused organizations — will raise an additional $55 million in matching funds from a range of public and private sector sources.

2023 Adventure Challenge Scholarship recipients

  • 20 fathoms (Traverse City, Michigan) – $2 million
  • 757 ScaleUp Alliance (Norfolk, Virginia) – $1.2 million
  • Grant a bow (St. Louis, MO) – $750,000
  • Arizona Regional Economic Development Corporation (Sierra Vista, Arizona) – $298,504
  • BRF (Shreveport, LA) – $1.3 million
  • Brownsville Community Improvement Foundation (Brownsville, Texas) – $1.2 million
  • Cleveland State University (Cleveland, Ohio) – $1.8 million
  • Cornell University (Ithaca, New York) – $2 million
  • Raising Rapid City (Rapid City, SD) – $100,494
  • Georgetown University (Washington, D.C.) – $750,000
  • Guilford College (Greensboro, North Carolina) – $218,583
  • Jumpstart (Cleveland, Ohio) – $2 million
  • LifeX Holdings (Pittsburgh, Pennsylvania) – $2 million
  • Louisiana State University (Baton Rouge, LA) – $600,000
  • Mansfield Bioincubator (Mansfield, Massachusetts) – $1.25 million
  • Michigan Tech Enterprises Inc (Houghton, Michigan) – $750,000
  • Mid-Atlantic Gigabit Innovation Collaborative (Westminster, MD) – $274,498
  • North America Smart Manufacturing Initiative (Los Alamos, New Mexico) – $300,000
  • Northeastern University (Portland, ME) – $2 million
  • Northeastern Vermont Development Association (St. Johnsbury, VT) – $749,947
  • American Pacific Foundation (Kailua, Hawaii) – $300,000
  • Puerto Rico Science, Technology and Research Fund (San Juan, PR) – $648,104
  • Rock Hill Economic Development Corporation (Rock Hill, South Carolina) – $50,000
  • Rocky Mountain Innovation Initiative (Fort Collins, Colorado) – $2 million
  • San Jose State University Research Foundation (San Jose, California) – $300,000
  • South Coast Development Council (Coos Bay, Oregon) – $300,000
  • Southern Research (Birmingham, Alabama) – $748,469
  • Spelman College (Atlanta, Georgia) – $749,896
  • Community Foundation of Greater New Haven (New Haven, Connecticut) – $2 million
  • Idea village (New Orleans, LA) – $2 million
  • University of Arkansas (Fayetteville, Arkansas) – $1.2 million
  • University of Missouri at Kansas City (Kansas City, MO) – $2 million
  • University of Nebraska Medical Center (Omaha, Nebraska) – $637,710
  • University of Nevada, Las Vegas (Las Vegas, NV) – $749,037
  • University of Oklahoma (Norman, OK) – $1.9 million
  • University of Wisconsin-Madison (Madison, Wisconsin) – $1.2 million
  • University laboratory partners (Irvine, California) – $2 million
  • Community Development Foundation Urban Partnerships (Houston, Texas) – $741,925
  • Wabash Heartland Innovation Network (West Lafayette, Indiana) – $1 million
  • Washington Navy Blue (Seattle, Washington) – $840,810

2023 Capital Challenge Grant recipients

  • Ben Franklin Technology Partners of Central and Northern Pennsylvania (State College, Pennsylvania) – $412,598
  • BRF (Shreveport, LA) – $655,436
  • Rural Innovation Centre (Hartland, VT) – $260,379
  • Corporate Partnership of Central Indiana (Indianapolis, Indiana) – $400,000
  • City and County of Denver (Denver, Colorado) – $750,000
  • Clean Energy Fund (Chicago, Illinois) – $750,000
  • Codevi Foundation for Rural Innovation (Cape Girardeau, MO) – $321,000
  • Community Investment Corporation (Tucson, Arizona) – $300,000
  • Delaware Innovation Space (Wilmington, Germany) – $750,000
  • Entrepreneurship Centre (Dayton, Ohio) – $400,000
  • Greentown Laboratories (Houston, Texas) – $400,000
  • Gulf of Maine Research Institute (Portland, ME) – $669,433
  • Jackson Hole Center for Global Affairs (Jackson, Wyoming) – $168,500
  • Michigan Technological University (Houghton, Michigan) – $400,000
  • Tampa Bay Wave (Tampa, Florida) – $396,000
  • Enterprise Institute (Brookings, SD) – $364,577
  • University of California, San Diego (La Jolla, California) – $750,000
  • University of Kentucky (Lexington, KY) – $749,795
  • University of Nevada, Las Vegas (Las Vegas, Nevada) – $400,000
  • University of Texas Rio Grande Valley (Edinburg, Texas) – $744,422

EDA’s Office of Innovation and Entrepreneurship administers the Build to Scale program, authorized under Section 27 of the Stevenson-Weidler Technology Act.

About the US Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by enhancing competitiveness and preparing the nation’s regions for growth and success in the global economy. EDA, an agency of the U.S. Department of Commerce, makes investments in economically distressed communities in order to create jobs for American workers, encourage American innovation, and accelerate long-term sustainable economic growth.

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