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No deadline found on this NJEDA page. Content appeared dated to February 2021.
Build to Scale (B2S) Venture Challenge Grant Program is a grant from the U.S. Economic Development Administration that funds proof-of-concept and commercialization programs which spur innovation, business creation, job growth, and export capacity across the U.S. Supported activities include technology advisement, market evaluation, business planning, mentorship, and improved access to early-stage capital.
The NJEDA version of this program awards up to three individual grants of $100,000 to eligible New Jersey-based entities applying to the federal B2S program, contingent on receiving a B2S award from the U.S. EDA.
Eligible applicants include nonprofits, institutions of higher education, public-private partnerships, science and research parks, venture development organizations, economic development organizations, and state or local government entities. Individuals are not eligible to apply.
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Build to Scale Venture Challenge Support Program - NJEDA The US EDA Venture Challenge, part of the US Economic Development Administration’s (US EDA’s) 2020 Build to Scale (B2S) Program, seeks to spur innovation capacity-building across the US.
More specifically, the Venture Challenge funds proof-of-concept and commercialization programs which result in business creation, accelerated paths to export, increased foreign direct investment and new jobs. Examples of activities supported through US EDA’s program include technology advisement, market evaluation, business planning, mentorship and improved access to early-stage capital.
Programs can be physical, virtual, new or existing. Information about the RIS program and past Venture Challenge (previously name i6) awardees can be found on the US EDA website at https://www. eda.
gov/oie/ris/i6/ NJEDA proposes to award up to three (3) individual grants of $100,000 to eligible NJ-based entities applying to the 2020 B2S Venture Challenge.
<strong>PROGRAM DETAILS</strong> <strong>ELIGIBILITY</strong> <strong>HOW TO APPLY</strong> <strong>APPLICATION MATERIALS</strong> <strong>PROGRAM DETAILS</strong> Through its B2S Venture Challenge Support Program, the NJEDA is providing support to NJ-based entities that are applying to the US EDA for Build to Scale Venture Challenge funding, with the aim of spurring cluster development across the State and accelerating New Jersey’s innovation economy.
NJEDA proposes to award up to three (3) individual grants of $100,000 to eligible NJ-based entities applying to the 2020 B2S Venture Challenge. Grants will be committed in order for entities to count it towards their matched funding total but will be contingent upon that entity receiving a B2S award from the US EDA.
By increasing an entity’s matched funding capacity, the Support Program aims to improve the competitiveness of NJ-based Venture Challenge applicants, as well as to increase the amount of Federal funds that an entity is eligible to receive from US EDA.
<strong>ELIGIBILITY</strong> Eligible applicants for US EDA funding through the B2S Venture Challenge Program include: a city or other political subdivision of a State; an entity whose application is supported by a State or a political subdivision of a state and that is: a nonprofit organization; an institution of higher education; a public-private partnership; a science or research park; a venture development organization an economic development organization or similar entity; or a consortium of any of the immediately aforementioned entities.
Individuals are not eligible to apply. What are the eligibility requirements for the NJEDA’s B2S Venture Challenge Support Program?
Applicants must meet the eligibility requirements of the US EDA i6 Challenge Applicants must fit into the parameters of the Economic Recovery Fund (ERF) – attached in the Notice of Funding Applicants must be a NJ-based entity (located and registered to do business in NJ) Applicants must submit proof of $250,000 in matching funds committed to the i6 challenge project for which it is requesting NJEDA support Applicants must submit proof of local government support.
<strong>HOW TO APPLY</strong> Please see the Notice of Funding Availability for specific instructions on how to apply. The Authority will accept applications no later than Wednesday, May 19, 2020 at 4:00 pm EST. To qualify for funding, applications must be complete and in full compliance with all requirements.
At its discretion, the Authority may request supplemental materials and such materials must be received within five days of the date of request or the application may be rejected. The electronic applications must be uploaded to the Authority’s ShareFile system via https://njeda. sharefile.
com/r-r44f0c5d9a2840daa . <strong>APPLICATION MATERIALS</strong> Interest Rates & Borrower Terms NOTIce of Funding Availability Application Form Bonus points Questions Legal Debarment questions signed certifacation Form Application Checklist Submit Application Documents to the AUTHORITY’s Sharefile All questions must be submitted in writing to grants@njeda. com no later than 12:00 PM EST on April 21, 2020.
You will receive an email confirming the receipt of your email. Answers to submitted questions will be posted on this page. No questions will be answered after this date.
It is the applicant’s responsibility to check this page for any information posted.
According to the current listing, eligibility includes: Nonprofits, universities, etc. , but supports small business startups through programs. Confirm the full requirements in the official notice before applying.
Build to Scale (B2S) Venture Challenge Grant Program is funded by U.S. Economic Development Administration. Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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