81 FR 67045 - Announcement of Funding Pool Size for the Growth Accelerator Fund Competition

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 81, Issue 189 (September 29, 2016)

On May 4, 2016, the U.S. Small Business Administration (SBA) published a notice in the Federal Register (81 FR 26861) to announce the 2016 Growth Accelerator Fund Competition, pursuant to the America Competes Act (15 U.S.C. 3719), to identify the nation's most innovative accelerators and similar organizations and award them cash prizes they may use to fund their operations costs and allow them to bring startup companies to scale and new ideas to life, including providing assistance to small businesses submitting proposals through the Small Business Innovation Research and/or Small Business Technology Transfer Programs (SBIR/STTR). On August 2, 2016, SBA updated the original notice to announce a total funding pool size of $3.4 million, which included funds from partnering agencies, the National Institutes of Health (NIH), the National Science Foundation (NSF), and the Department of Education (DoED). This notice serves as an update to the original notice, as amended, for an increase of $850,000 in SBA appropriated funds to award $50,000 prizes for up to 17 additional accelerators under the 2016 Growth Accelerator Fund Competition. Additional winners will be notified by no later than September 30, 2016. All rules and requirements outlined in the May 4, 2016, Federal Register notice, as amended, remain in effect.

[Federal Register Volume 81, Number 189 (Thursday, September 29, 2016)]
[Notices]
[Page 67045]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23484]


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SMALL BUSINESS ADMINISTRATION


Announcement of Funding Pool Size for the Growth Accelerator Fund 
Competition

AGENCY: U.S. Small Business Administration.

ACTION: Notice.

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SUMMARY: On May 4, 2016, the U.S. Small Business Administration (SBA) 
published a notice in the Federal Register (81 FR 26861) to announce 
the 2016 Growth Accelerator Fund Competition, pursuant to the America 
Competes Act (15 U.S.C. 3719), to identify the nation's most innovative 
accelerators and similar organizations and award them cash prizes they 
may use to fund their operations costs and allow them to bring startup 
companies to scale and new ideas to life, including providing 
assistance to small businesses submitting proposals through the Small 
Business Innovation Research and/or Small Business Technology Transfer 
Programs (SBIR/STTR). On August 2, 2016, SBA updated the original 
notice to announce a total funding pool size of $3.4 million, which 
included funds from partnering agencies, the National Institutes of 
Health (NIH), the National Science Foundation (NSF), and the Department 
of Education (DoED). This notice serves as an update to the original 
notice, as amended, for an increase of $850,000 in SBA appropriated 
funds to award $50,000 prizes for up to 17 additional accelerators 
under the 2016 Growth Accelerator Fund Competition. Additional winners 
will be notified by no later than September 30, 2016. All rules and 
requirements outlined in the May 4, 2016, Federal Register notice, as 
amended, remain in effect.

    Authority: Pub. L. 111-358 (2011).

    Dated: September 22, 2016.
Mark Walsh,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2016-23484 Filed 9-28-16; 8:45 am]
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