‘Build to Scale’ Funding Opportunity
EDA Accepting Applications
Economic Development Administration (EDA) is accepting applications for the FY22 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable business startups.
The program will deploy $45 million to further technology-based economic development initiatives that accelerate high-quality job growth, create economic opportunities, and support the next generation of industry leading companies.
Application deadline: June 13, 2022, 8:59 p.m. PT
The FY22 Build to Scale program is comprised of two competitions:
Venture Challenge: seeks to support high-growth, technology-centric entrepreneurship to stimulate innovation, increase economic prosperity, and create high-skill, high-wage jobs.
Capital Challenge: increases access to entrepreneur-ready, equity-based capital by providing operational support for early-stage investment funds, angel networks, and investor training programs.
Eligibility
Open to cities, counties, states, other political subdivisions of states, and Indian tribes; or entities supported by a state or political subdivision of a state that is one of the following: a nonprofit organization, institution of higher education, public-private partnership, science or research park, federal lab, venture development organization, economic development organization, or a consortium of any of the aforementioned.
