How to Apply to SBA’s America’s Seed Fund Startup Expo 2022 – AL DIA News | Region & Cash

The Small Business Association (SBA) announced the launch of America’s Seed Fund Startup Expo 2022, an initiative designed to select innovative startups and provide them with resources to fuel their growth and prosperity. This first competition seeks to capitalize on the current economic recovery scenario, in which there is record growth of new commercial applications, allowing entrepreneurs to take advantage of technology to boost their business.

“Every day, entrepreneurs in communities across America advance innovative solutions to our nation’s most pressing challenges. The SBA is committed to connecting these bright ideas from anywhere, anyplace with government-backed ecosystems and partners to commercialize them and grow into resilient American companies,” said Isabel Guzmán, SBA Administrator.

The official also emphasized that amid this expo will be told the extraordinary stories of businesspeople who have “utilized federal R&D funds in key industries” and highlighted resources to foster innovation in the US.

The SBA has highlighted four key objectives of this ambitious event:

  1. Provide broad exposure for innovative small startups in national innovation networks and local ecosystems.
  2. Provide a platform for these companies to connect to networks that will enable them to scale and grow.
  3. Educate new entrepreneurs on the opportunity to commercialize critical innovations in a global marketplace.
  4. Highlight US companies that are leaders in industries such as AgTech, Climate & Energy, Homeland Security and Supply Chain Resilience, especially those that have chosen the US to manufacture their products.

“The giants of the future industries often start out as small start-ups with big ideas. We know that the public and private sectors must work together to nurture these small businesses with big ideas over many years to survive and thrive. America’s Seed Fund Startup Expo will generate big ideas and provide a platform for our national innovation community to support the companies of tomorrow,” said SBA Associate Administrator Bailey DeVries.

The SBA is looking for companies to apply to participate in the inaugural competition and is offering an incredible opportunity for entrepreneurs who want to raise their profile and have developed technology through the Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) programs. .

Interested parties can submit their application until April 22nd. The winners will be announced in May 2022.

Contest rules, requirements and additional information can be found here.

Members of the venture capital and innovation community, SBA resource partners, media and other entrepreneur support organizations were invited and encouraged to attend.

The Startup Expo is virtual and will take place on May 25 between 12:30 p.m. and 4:30 p.m. EDT. The expo is open to the public and people can register to attend by clicking here.

The Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs, also known as America’s Seed Fund, support scientific excellence and technological innovation through the investment of federal research funds.

“These programs represent the nation’s largest source of early-stage research and development funding for small businesses. The SBA coordinates the programs and works with 11 federal agencies, which collectively provide more than $4 billion a year in federal research and development funding Support development,” stresses the SBA.

Small domestic companies with commercial potential are encouraged to engage in “Federal Research and Development (R&D)” through a series of highly competitive funding programs.

As a vital resource for researchers, innovators, inventors, entrepreneurs and start-ups working on great ideas, the goals of these programs are to stimulate technological innovation; meet federal research and development needs; promoting and promoting the participation of women and socially or economically disadvantaged people in innovation and entrepreneurship; and increase the commercialization of innovations in the private sector that originate from federal research and development funds.

The US Small Business Administration’s (SBA) Office of Investment and Innovation (OII) directs programs that give the high-growth small business community access to two things: financial capital and R&D funds to develop commercially viable innovations. Our work is underpinned by public-private partnerships that help small companies take their journey from idea to IPO.

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