GrantExec

2024 Build to Scale

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.

$5,000,000
Closed
Nationwide
Grant 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

Funding Details

Award Range

Not specified - $5,000,000

Total Program Funding

$50,000,000

Number of Awards

40

Matching Requirement

Yes - Applicants must provide matching share equal to at least 50 percent of the total project cost, i.e., applicants must match each dollar requested with at least one dollar of applicant match. See section C.3 at p. 5 and Appendix B.6.b.ii.C at p. 25.

Eligibility

Eligible Applicants

State governments
County governments
City or township governments
Special district governments
Public and State controlled institutions of higher education

Additional Requirements

See NOFO for full eligibility list and requirements. Apply here: https://sfgrants.eda.gov/s/funding-program/a2jSJ0000003YoLYAU/fy-2024-build-to-scale

Geographic Eligibility

All

Key Dates

Application Opens

September 9, 2024

Application Closes

October 28, 2024

Contact Information

Grantor

U.S. Department of Commerce (Economic Development Administration)

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Categories
Business and Commerce
Community Development
Infrastructure