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 industries;
• 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.
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