funding opportunity

EDA announces $25 million funding opportunity for TBED through 2020 SPRINT Challenge

The Economic Development Administration’s Office of Innovation and Entrepreneurship (OIE) has announced $25 million for the Scaling Pandemic Resilience through Innovation and Technology (SPRINT) Challenge utilizing funding from the CARES Act.

Funding from Defense, EDA available

In separate announcements this week, the Department of Defense Office of Economic Adjustment (OEA) and the Economic Development Administration (EDA) revealed funding opportunities that can assist efforts to transform American innovations and support the growth of new companies.

Department of Defense

SSTI hosting EDA to discuss CARES funding – including forthcoming innovation opportunity

Join us for a special SSTI webinar on June 9th, when U.S. Economic Development Administration representatives will share information regarding $1.5 billion in economic development grants available for coronavirus response and recovery efforts at the local, state and regional levels. The EDA team also will discuss the pending innovation and entrepreneurship challenge component of the funding. Join us to learn more about qualifying for grants, which types of project support/assistance will be funded, how to apply, and more. There will be time for Q&A at the end of the presentation.

NIH launches $1.5 billion “shark tank” to accelerate testing

The most recently-passed federal legislation to address COVID-19 included funding for the National Institutes of Health (NIH) and the Biomedical Advanced Research and Development Authority (BARDA) to accelerate testing. The provision, added by Sens.

Regional Innovation Strategies making $35 million available

The U.S. Economic Development Administration has announced the FY 2020 notice of funding availability for the Regional Innovation Strategies program. There are multiple changes to the program this year, including that EDA is now referring to the program as “Build to Scale.” A total of $35 million is available this year due to support from Congress with advocacy from SSTI’s Innovation Advocacy Council. The Trump Administration budget proposal for FY2020, and again for FY2021, proposed eliminating the program.

SBA funding available for accelerators, SBIR aid

The Small Business Administration (SBA) recently released FY 2019 announcements for the Growth Accelerator Fund Competition and Federal and State Technology Partnership Program (FAST) funding. Accelerators emphasizing underserved entrepreneurs can submit a brief application and slide deck from June 10-20; SBA anticipates as many as 60, $50,000 awards. FAST provides a funding match for programs supporting SBIR/STTR outreach and support services; the program is limited to one, governor-supported application per state, so interested parties should begin considering their application well ahead of the June 28 deadline. SSTI will be hosting a free webinar on June 5 at 3 p.m. EDT, in which SBA staff will discuss the two funding opportunities: register today.

Kapor Center, Gates Foundation launch $1M grant competition to diversify tech sector

The Oakland-based Kapor Center, a nonprofit focused on leveling the playing field in tech, has announced the Tech Done Right (TDR) Challenge with funds from the Bill and Melinda Gates Foundation. With an emphasis on growing opportunities for women and people of color in the sector, the challenge will fund organizations with innovative solutions to building diverse, inclusive, and thriving tech ecosystems. Awardees will receive one-time grants beginning at $100,000. The challenge is now open and accepting applications here, with a submission deadline of Tuesday, May 7.

EDA opens 2019 Regional Innovation funding cycle

The Economic Development Administration is now accepting applications for the Regional Innovation Strategies program through April 4. Funding is available through the i6 Challenge, focused on transforming innovations into products and services, and Seed Fund Support, to help expand the availability of investment capital for startups. SSTI will again be hosting an informational webinar with EDA — see details and register below.

Regional Innovation Strategies program FY 2019 informational webinar
Tuesday, Feb. 12 @ 2 P.M. EST

DOE announces intent to issue funding opportunity for cybersecurity institute for energy efficient manufacturing

The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) announced their intent to issue a Funding Opportunity Announcement (FOA) establishing a new Clean Energy Manufacturing Innovation Institute. The institute will develop technologies that will advance U.S. manufacturing competitiveness, energy efficiency and innovation.

Cities can compete for $500M in funds to drive inclusive growth

JPMorgan Chase announced the creation of AdvancingCities, a new $500 million, five-year initiative to drive inclusive growth and create greater economic opportunity in cities across the world. The firm will invest in cities where conditions exist to help those who have not benefited from economic growth. This includes demonstrated collaboration across the public and private sectors on solutions that create opportunity for people at risk of being left out of economic growth. Successful applications will be eligible for a three-year grant of up to $3 million.

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