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EDA awards $35 million for 52 Build-to-Scale projects

September 17, 2020

This week, the U.S. Economic Development Administration (EDA) announced the 2020 Build-to-Scale awards. In this round, nearly $35 million was awarded to 52 organizations to support regional strategies advancing entrepreneurship and innovation. Through the end of 2019, funded organizations had worked with more than 6,200 startups, facilitating $1.6 billion in investment and the launch of more than 9,000 products, according to EDA. SSTI has been a proponent of the Build-to-Scale program, which had not received any federal appropriations prior to the creation of SSTI’s Innovation Advocacy Council.

Please join us in congratulating the member organizations receiving or participating in funded projects this award cycle, including: BioSTL, Emory University, Invest Nebraska, Iowa Innovation Corporation, MassVentures, New Orleans BioInnovation Center, University of South Dakota, University of Utah, and Valleys Innovation Council. The full list of 2020 awardees is available, below.

2020 Venture Challenge

2020 Capital Challenge

2020 Industry Challenge

RIS, eda, funding