Wednesday, August 31, 2016

1871's WiSTEM Program Wins SBA Grant along with Bunker Labs and Good Food Accelerator

SBA Announces $3.4 Million for Small Business Startups

68 winners in 32 states will receive funding to boost economic impact of growth accelerators across the country

WASHINGTONAug. 31, 2016 /PRNewswire-USNewswire/ -- Today, the U.S. Small Business Administration (SBA) Office of Investment and Innovation, Office of Native American Affairs, and Office of Veterans Business Development, along with the National Institutes of Health, National Science Foundation, and Department of Education, announced 68 winners of SBA's third annual Growth Accelerator Fund Competition.  The recipients will receive a total of $3.4 million in prizes to boost the economic impact of accelerators across 32 states and the District of Columbia. 
In making the announcement, SBA Administrator Maria Contreras-Sweet said: "SBA created the Growth Accelerator Fund Competition in 2014 as a way to make new connections and strengthen existing bonds within America's small business support network, bringing entrepreneurs and innovators together and connecting them with local and national resources that support small business job creation and growth. These awards deliver on a longstanding commitment at SBA to strengthen and modernize these support systems especially in parts of the country where access to capital has been a major barrier to starting a business. This year's winners show that our efforts are bearing fruit and further cementing our nation's most pioneering accelerators, incubators and innovation hubs as major players driving America's technology startup ecosystem."
The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. While there are entrepreneurial activities occurring nationwide, some are better supported by private sector ecosystems than others. SBA has created connective tissue among the over 200 winning entrepreneurial ecosystems now part of the Growth Accelerator Fund Competition program. 
"Accelerators serve entrepreneurs in a broad set of industries and sectors – from manufacturing and tech start-ups, to farming and biotech – with many focused on creating a diverse and inclusive small business community.  Through this national competition, we are also empowering accelerators which are led by and support women or other underrepresented groups.  SBA will continue to explore ways to creatively harness this powerful network and connect startups with one another and with available government resources.  We reported to Congress 138 winners from 2014 and 2015 – made up of 5,000 companies that have raised $1.5 billion and employ nearly 20,000 people.  With the addition of the 2016 winners, the number of SBA supported entrepreneurs will significantly grow,"  Contreras-Sweet added. 
Applications were judged by more than 100 experts with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds from both the public and private sector.  The first panel of judges reviewed over 400 applications and presentations and established a pool of 200 highly qualified finalists.  The second panels evaluated the finalists' presentations and pitch videos and selected the 68 winners.
Each organization will receive a cash prize of $50,000 from the SBA.  In accepting funds, the accelerators will also be committing to quarterly reporting for one year.  They will be required to report metrics including jobs created, funds raised, startups launched and corporate sponsors obtained. This will allow SBA to continue building upon its database of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities.
The 2016 Growth Accelerator Competition Award winners are:
406 Labs
Bozeman
Mont.
ABQid
Albuquerque
N.M.
AccelerateHER™ Inc.
Williamsburg
Va.
AlphaLab
Pittsburgh
Pa.
Authentically Confederated Tribes of Warm Springs
Portland
Ore.
Autonomous Alley
Grand Forks
N.D.
Ben Franklin Techcelerator
Harrisburg
Pa.
BIG Accelerator (formerly FOCUS)
Atlanta
Ga.
BioAccel (Southwest Commercialization Center)
Phoenix
Ariz.
Bioscience & Technology Business Center
Lawrence
Kan.
BioSTL Fundamentals
St. Louis
Mo.
BoomStartup Online
Salt Lake City
Utah
Bunker Labs
Chicago
Ill.
Chef Space
Louisville
Ky.
Cherokee Center for Cultural Art and Technology
Cherokee
N.C.
Circular Board
Houston
Texas
Civic Accelerator
Atlanta
Ga.
Coalition for Queens
Long Island City
N.Y.
CONNECT
San Diego
Calif.
Creative Startups
Santa Fe
N.M.
EforAll
Lowell
Mass.
Fannin Innovation Studio
Houston
Texas
FAST (Fellows All Star Team)
South San Francisco
Calif.
FastForward
Baltimore
Md.
Good Food Business Accelerator Incubator Without Walls
Chicago
Ill.
GVS Transmedia Accelerator
Kona
Hawaii
Harlem Biospace
New York
N.Y.
Ho'okahua Capacity-Building Accelerator
Waimanalo
Hawaii
IGNITE Community Accelerator
Albuquerque
N.M.
Innosphere
Fort Collins
Colo.
Jefferson Education Accelerator
Arlington
Va.
La Cocina's Business Incubator Program
San Francisco
Calif.
Lansing Proto
Lansing
Mich.
Launch – Chattanooga
Chattanooga
Tenn.
Launch Alaska
Anchorage
Alaska
LaunchTN Network
Nashville
Tenn.
Local First Delta Spark
Little Rock
Ark.
Los Angeles Cleantech Incubator
Los Angeles
Calif.
Massachusetts Biomedical Initiatives
Worcester
Mass.
Maui Food Industry X-celerator
Kahului
Hawaii
MedTech Innovator
Los Angeles
Calif.
Mergelane
Boulder
Colo.
Mortar
Cincinnati
Ohio
mystartupXX at University of California San Diego (UC San Diego)
La Jolla
Calif.
Native American Business Incubator Network
Flagstaff
Ariz.
Native Entrepreneur In Residence
Albuquerque
N.M.
NeuroLaunch
Atlanta
Ga.
New Biz Launchpad
Wardensville
WV
New England Pediatric Device Consortium
Lebanon
N.H.
New Orleans BioInnovation Center
New Orleans
La.
NewSchools Ignite/WestEd Research Partnership
Redwood City
Calif.
North Shore InnoVentures, Inc.
Beverly
Mass.
Phase 1 Ventures at the University City Science Center
Philadelphia
Pa.
Prince William Science Accelerator
Manassas
Va.
PROPEL at the iBIO Institute
Chicago
Ill.
SCAPE Southwest Colorado Accelerator Program for Entrepreneurs
Durango
Colo.
Startup Tucson
Tucson
Ariz.
Tamp WaVE
Tampa
Fla.
Texas Health Catalyst
Austin
Texas
The Refinery
Westport
Conn.
The Rosie Network's Military Entrepreneur Center
San Diego
Calif.
The Wedge
Tacoma
Wash.
Upstate Accelerator
Buffalo
N.Y.
Veteran Incubator
Brooklyn
N.Y.
Village Capital
Washington
D.C.
WIN for Life Sciences Entrepreneur Mentoring Program
Seattle
Wash.
WiSTEM (1871's Women's Program)
Chicago
Ill.
XLerateHealth
Louisville
Ky.
For more information about accelerators and the Growth Accelerator Fund Competition, visit: www.sba.gov/accelerators.  
ABOUT THE U.S. SMALL BUSINESS ADMINISTRATION (SBA)
The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United StatesPuerto Rico, the U.S. Virgin Islands and Guamwww.sba.gov

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