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Regional Innovation Cluster award winners listed

October 28, 2021

Five clusters have been added to the U.S. Small Business Administration’s (SBA) Regional clusters Initiative, according to information available through USASpending. The Regional Cluster Initiative was launched in 2010 to maximize the potential of clusters and better support small businesses. The initiative connects innovation assets so that small businesses can effectively leverage them to commercialize new technologies and expand into new markets.

While the SBA has not formally announced the winners, the five new award recipients listed on USASpending.gov  as receiving funding include AgLaunch Engine, LLC ($300,000); Development Capital Networks, LLC ($299,932); Acendian, LLC ($292,760); Larta, Inc., ($225,000); and Startup Junkie Consulting, LLC ($201,633). As with previous RIC awards, each organization has the potential to renew these awards through up to four additional option years (with a corresponding increase in the value of the contracts). At this time, it is not clear which clusters these organizations will be supporting.

More information on the awardees and their programs is expected to be forthcoming from SBA and will be updated here.