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The SBA launches a $150,000 competition to support startups in underserved areas, boosting local innovation.
The U.S. Small Business Administration has launched the 2025 Growth Accelerator Fund Competition to support innovation-driven startups in underserved areas.
The competition offers up to $150,000 in two stages to organizations that propose solutions to local innovation challenges.
Applications for Stage One, which offers $75,000, are due by January 31, 2025, with awards announced in April.
Winners can compete for additional $150,000 in Stage Two.
The aim is to boost entrepreneurship and innovation nationwide.
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