The US Economic Development Administration (EDA) has awarded grants to 60 organizations across the country to support innovation, entrepreneurship and economic growth.
Totaling $53 million, the “Build to Scale” grants aim to accelerate technology commercialization by increasing access to business assistance and start-up capital. Industries targeted by the program include agriculture technology, bioscience, advanced manufacturing, health technology and others.
The awardees include nonprofits, universities, government agencies and other organizations that place a focus on innovation and entrepreneurship.
“The Biden-Harris Administration is Investing in America to help create entrepreneurial ecosystems across the country and put quality, 21st century job opportunities in people’s backyards,” says Secretary of Commerce Gina Raimondo. “The ‘Build to Scale’ program will unlock innovation potential in regions all over the nation, improving our economic competitiveness now, and for decades to come.”
Alejandra Y. Castillo, Assistant Secretary of Commerce for Economic Development, comments, “EDA is proud to partner with this year’s ‘Build to Scale’ grantees as they fuel regional innovation hubs and technology-based economic development strategies throughout the U.S. Investing in scalable start-ups and expanding access entrepreneurial capital will yield good-paying jobs, economic resiliency, and equitable growth in communities throughout America.”
Source (including full list of grantees): EDA
