81 FR 96155 - Announcement of the Aspire Challenge-An Agency Prize Competition
SMALL BUSINESS ADMINISTRATION Federal Register Volume 81, Issue 250 (December 29, 2016)
Federal Register Volume 81, Issue 250 (December 29, 2016)
| Page Range | 96155-96157 | |
| FR Document | 2016-31455 |
[Federal Register Volume 81, Number 250 (Thursday, December 29, 2016)] [Notices] [Pages 96155-96157] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-31455] ======================================================================= ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Announcement of the Aspire Challenge--An Agency Prize Competition AGENCY: U.S. Small Business Administration. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Aspire Challenge is a prize competition conducted under the America Competes Act. The objective of the prizes is to spur the development and provision of innovative entrepreneurial development and access to capital resources for formerly incarcerated individuals or those who are non-violent ex-offenders DATES: The submission period for entries will begin on December 29, 2016 and close on February 13, 2017. SBA anticipates that winners will be announced no later than March 14, 2017. FOR FURTHER INFORMATION CONTACT: Matthew Stevens, Strategic Initiatives Manager, Office of Entrepreneurial Development, U.S. Small Business Administration, 409 Third Street SW., 6th Floor, Washington, DC 20416, (202) 205-7699, [email protected]. SUPPLEMENTARY INFORMATION: Background The U.S. Small Business Administration (SBA), officially established in 1953, maintains and strengthens the nation's economy by aiding, counseling, assisting, and protecting the interests of small businesses, and by helping families and businesses to recover from national disasters. The SBA's mission includes assisting small businesses to start, grow, and compete in markets by providing quality training, counseling, and access to resources. The Aspire Challenge is a prize competition designed to spur the development and provision of innovative entrepreneurial development and access to capital resources for formerly incarcerated individuals or those who are non-violent ex-offenders. Of the 600,000 individuals released on average each year from federal prisons, an estimated 60 percent remain unemployed one year after their release, raising the risk of recidivism and resulting in lost lifetime earnings. In fact, two-thirds of these individuals historically are rearrested within three years of their release. This challenge competition is separate but builds on the momentum of the Aspire Entrepreneurship Initiative, a public-private partnership announced in August 2016 between the SBA, W.K. Kellogg Foundation and JUSTINE Petersen. The three-year initiative is a pilot to test entrepreneurship education programming and microloan assistance through SBA Microloan Intermediaries to formerly incarcerated individuals in St. Louis, MO, Chicago, IL, Louisville, KY and Detroit, MI. The goal of the Aspire Challenge is to source additional [[Page 96156]] innovative solutions in other areas in the United States beyond these four metropolitan areas. This challenge also aligns with other actions identified by the Federal Interagency Reentry Council, a cabinet-level working group to support the federal government's efforts to promote public safety and economic opportunity through purposeful cross-agency coordination and collaboration.\1\ --------------------------------------------------------------------------- \1\ https://www.whitehouse.gov/the-press-office/2015/11/02/fact-sheet-president-obama-announces-new-actions-promote-rehabilitation. --------------------------------------------------------------------------- Through the design and delivery of intensive entrepreneurial education and increased access to micro-loans, the Aspire Challenge will serve as a catalyst to leverage business formation as a tool for economic mobility and self-employment for the formerly incarcerated. This competition is designed to award prizes to entrepreneurial support organizations that propose innovative and sustainable solutions to equipping the formerly incarcerated with the education and technical assistance they need to start and grow a business. Competition Details (1) Subject of Challenge Competition: The SBA is working to create pathways towards entrepreneurship and access to capital resources to individuals who have been formerly incarcerated. The SBA is looking for contestants who offer solutions that are innovative and relevant based on the needs of this target market. Solutions should incorporate the following two components: (i) Delivery of Intensive Entrepreneurial Education to individuals who have been formerly incarcerated, by providing innovative and comprehensive entrepreneurial education with a focus on the following: (A) Develop and deliver comprehensive entrepreneurship training, for which individuals who have been incarcerated will earn a certificate upon completion; (B) Provide individualized business mentoring to support participants' growth as prospective entrepreneurs; (C) Build participants' ties to the larger business community; and (D) Connect participants to opportunities for life skills development and financial literacy. (ii) Access to Capital: When appropriate, link participants with participating microlenders including SBA Microloan Intermediaries, to fund new businesses and provide capital to existing ventures. (iii) Aspire Challenge contestants shall provide a data-driven assessment of the proposed community's entrepreneurial ecosystem as it exists today and identify training, education and support gaps for individuals who have been formerly incarcerated. Contestants shall propose an intensive entrepreneurship education and program plan that provides targeted support to participating entrepreneurs in an effort to increase their ability to start and grow businesses, while at the same time, enhancing their personal and professional skills to improve their employment outlook. Contestants shall demonstrate an ability and cultural competency to reach formerly incarcerated individuals or those who are non-violent ex-offenders. (2) Eligibility Rules for Participating in the Competition: To be eligible to win a prize under this competition, a contestant: (i) Shall have registered to participate in the competition under the rules promulgated by SBA; (ii) Shall have complied with all the requirements under this Notice; (iii) In the case of a private entity, shall be incorporated in and maintain a primary place of business in the United States, and (iv) May not be a Federal entity or Federal employee acting within the scope of their employment; (v) Shall not be an SBA employee working on their applications during assigned duty hours. (3) Registration Process for Contestants: Contestants will submit their application through challenge.gov. Winners will be required to have an account in System for Award Management (SAM) https://www.sam.gov to receive the award. (4) Amount of Prize: Through the Aspire Challenge, the SBA will award up to sixteen awards of up to $75,000 each for a total of up to $1.2 million in prizes. (5) Payment of Prize: The cash prize portion of the award will be disbursed in a series of three of payments. The first payment, equal to 40 percent of a winner's total prize amount, will be disbursed upon award once all initial requirements in the Official Rules available at https://www.challenge.gov (see Rules tab under the Aspire Entrepreneurship Challenge subpage) have been met and the contestant has provided documentary evidence satisfactory to SBA. The second payment, equal to 30 percent of a winner's total prize amount, will be disbursed after a winner has delivered a kickoff event and the first 50% of the proposed training program has been delivered to the intended audience and the contestant has provided documentary evidence satisfactory to SBA. The kickoff and first 50% of the program must be executed within six months of the date of the award unless otherwise specified by the SBA. The remaining 30 percent of the total prize amount will be disbursed after a winner submits a written assessment that includes, but is not limited to, the outcomes and outputs of the pilot implementation of the training program as measured by the metrics outlined in its challenge application, a summary of any lessons learned and best practices, and suggestions for any improvements to the design or implementation of similar competitions in the future. The written assessment must be submitted to SBA no later than eighteen months after a winner receives its first prize payment and the documentation must be satisfactory to SBA. (6) Selection of Winners: (i) Competition entries will be evaluated by a review committee that may be comprised of SBA officials, employees of other Federal agencies, and/or private sector experts. Winners will be selected based on the quality, clarity, completeness, and feasibility of their proposals in addressing the issues outlined in the criteria below. In addition, in order to achieve nationwide distribution of prizes for the purpose of assisting business startups across the entire United States, SBA may take into account contestants' geographic locations and areas of service when selecting winners. For the announcement of winners, any travel or related expenses to attend an event will be the responsibility of the winner and may not be paid with prize funds. (ii) Each Aspire Challenge solution plan shall include innovative solutions under the following criteria: (A) Entrepreneurial Education (1) Recruitment: Key to testing entrepreneurship training/access to microloans as a tool to reduce recidivism is the outreach to and recruitment of formerly incarcerated individuals. The applicant shall demonstrate how they intend to identify the participants who will receive the services described in this challenge. (2) Classroom Instruction: A proven, existing intensive entrepreneurship education curriculum designed for starting and growing businesses. Contests shall include how contestants will: (i) Organize participants to meet in-person for classroom instructions that progressively develops over several weeks; (ii) Provide online resources and other components/activities that supplement the in-person curriculum; [[Page 96157]] (iii) Guide participants to explore their personal entrepreneurial interests and visions; (iv) Address topics such as process, strategy, financing, marketing, human resources, leadership, contracting and market/product development; (v) Guide all participants, by the end of the training, to refine and draft a complete business plan. (3) Mentoring: (i) Provide individualized support on developing entrepreneurial skills and strategies. (4) Community Connections: (i) Opportunities to connect with the local business community and social service providers to increase participants' financial literacy. (B) Access to Capital (1) Access to micro-lending and other capital/funding opportunities: \2\ (i) Link participants with participating microlenders, including SBA Microloan Intermediaries, when appropriate, to fund and grow new businesses; --------------------------------------------------------------------------- \2\ In 2015, the SBA published a final rule for its Microloan Program allowing microloans to be made by SBA Microloan Intermediaries to small businesses owners currently on probation or parole. 13 CFR 120.707(a). The SBA's Microloan Program is focused on new businesses and other underserved markets and provides loans up to $50,000. --------------------------------------------------------------------------- (ii) Provide Assistance to prepare to meet with capital providers, preparing proper documentation, matchmaking events with local lenders and funders, or business pitch events to angel investors, for example. (7) Applicable Law: This Competition is being conducted by SBA pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to all applicable federal laws and regulations. By participating in this competition, each contestant gives its full and unconditional agreement to the Official Rules, located on www.challenge.gov and the related administrative decisions described in this notice, which are final and binding in all matters related to the competition. A contestant's eligibility for a prize award is contingent upon its fulfilling all requirements identified in this notice and in the Official Rules. Publication of this notice is not an obligation of funds on the part of SBA. SBA reserves the right to modify or cancel this competition, in whole or in part, at any time prior to the award of prizes. (8) Conflicts of Interest: No individual acting as a judge at any stage of this competition may have personal or financial interests in, or be an employee, officer, director, or agent of any contestant or have a familial or financial relationship with a contestant. (9) Intellectual Property Rights: (i) All entries submitted in response to this competition will remain the sole intellectual property of the individuals or organizations that developed them. By registering and entering a submission, each contestant represents and warrants that it is the sole author and copyright owner of the submission, and that the submission is an original work of the contestant, or if the submission is a work based on an existing application, that the contestant has acquired sufficient rights to use and to authorize others to use the submission, and that the submission does not infringe upon any copyright or upon any other third party rights of which the contestant is aware. (ii) The winning contestant will, in consideration of the prize to be awarded, grant to SBA an irrevocable, royalty-free, exclusive worldwide license to reproduce, distribute, copy, display, create derivative works, and publicly post, link to, and share the solutions or parts thereof that are to be developed as a result of winning this competition or for any official SBA purpose. (10) Publicity Rights: By registering and entering a submission, each contestant consents to SBA's and its agents' use, in perpetuity, of its name, likeness, photograph, voice, opinions, and/or hometown and state information for promotional or informational purposes through any form of media, worldwide, without further payment or consideration. (11) Liability and Insurance Requirements: By registering and entering a submission, each contestant agrees to assume any and all risks and waive claims against the Federal Government and its related entities, except in the case of willful misconduct, for any injury, death, damage, or loss of property, revenue, or profits, whether direct, indirect, or consequential, arising from their participation in this competition, whether the injury, death, damage, or loss arises through negligence or otherwise. By registering and entering a submission, each contestant further represents and warrants that it possesses sufficient liability insurance or financial resources to cover claims by a third party for death, bodily injury, or property damage or loss resulting from any activity it carries out in connection with its participation in this competition, or claims by the Federal Government for damage or loss to government property resulting from such an activity. Competition winners shall be prepared to demonstrate proof of insurance or financial responsibility in the event SBA deems it necessary. (12) Record Retention and Disclosure: All submissions and related materials provided to SBA in the course of this competition automatically become SBA records and cannot be returned. Contestants shall identify any confidential commercial information contained in their entries at the time of their submission. Award Approving Official: Lori Gillen, Deputy Associate Administrator, Office of Entrepreneurial Development, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Authority: America Competes Reauthorization Act of 2010, 15 U.S.C. 3719. Maria Contreras-Sweet, Administrator, U.S. Small Business Administration. [FR Doc. 2016-31455 Filed 12-28-16; 8:45 am] BILLING CODE 8025-01-P
![Federal Register / Vol. 81, No. 250 / Thursday, December 29, 2016 / Notices 96155
the BX administrative fees, and would • Send an email to rule-comments@ SUMMARY: The Aspire Challenge is a
constrain the Exchange in its pricing sec.gov. Please include File Number SR– prize competition conducted under the
decisions. BX–2016–071 on the subject line. America Competes Act. The objective of
the prizes is to spur the development
Competition Among Distributors Paper Comments
and provision of innovative
Distributors provide another form of • Send paper comments in triplicate entrepreneurial development and access
price discipline for market data to Secretary, Securities and Exchange to capital resources for formerly
products. Distributors are in Commission, 100 F Street NE., incarcerated individuals or those who
competition for users, and can curtail Washington, DC 20549–1090. are non-violent ex-offenders
their purchases of market data if the All submissions should refer to File DATES: The submission period for
total price of market data, including Number SR–BX–2016–071. This file entries will begin on December 29, 2016
administrative fees, were set above number should be included on the and close on February 13, 2017. SBA
competitive levels. subject line if email is used. To help the anticipates that winners will be
In summary, market forces constrain Commission process and review your announced no later than March 14,
the level of administrative fees through comments more efficiently, please use 2017.
competition for order flow, competition only one method. The Commission will
FOR FURTHER INFORMATION CONTACT:
from other sources of proprietary data, post all comments on the Commission’s
and in the competition among Internet Web site (http://www.sec.gov/ Matthew Stevens, Strategic Initiatives
distributors for customers. For these rules/sro.shtml). Copies of the Manager, Office of Entrepreneurial
reasons, the Exchange has provided a submission, all subsequent Development, U.S. Small Business
substantial basis demonstrating that the amendments, all written statements Administration, 409 Third Street SW.,
fee is equitable, fair, reasonable, and not with respect to the proposed rule 6th Floor, Washington, DC 20416, (202)
unreasonably discriminatory, and change that are filed with the 205–7699, SI@sba.gov.
therefore consistent with and in Commission, and all written SUPPLEMENTARY INFORMATION:
furtherance of the purposes of the communications relating to the Background
Exchange Act. proposed rule change between the
The U.S. Small Business
Commission and any person, other than
C. Self-Regulatory Organization’s Administration (SBA), officially
those that may be withheld from the
Statement on Comments on the established in 1953, maintains and
public in accordance with the
Proposed Rule Change Received From strengthens the nation’s economy by
provisions of 5 U.S.C. 552, will be
Members, Participants, or Others aiding, counseling, assisting, and
available for Web site viewing and
No written comments were either protecting the interests of small
printing in the Commission’s Public
solicited or received. businesses, and by helping families and
Reference Room, 100 F Street NE.,
businesses to recover from national
III. Date of Effectiveness of the Washington, DC 20549 on official
disasters. The SBA’s mission includes
Proposed Rule Change and Timing for business days between the hours of
assisting small businesses to start, grow,
Commission Action 10:00 a.m. and 3:00 p.m. Copies of such
and compete in markets by providing
filing also will be available for
The foregoing rule change has become quality training, counseling, and access
inspection and copying at the principal
effective pursuant to Section to resources.
office of the Exchange. All comments The Aspire Challenge is a prize
19(b)(3)(A)(ii) of the Act.11 received will be posted without change;
At any time within 60 days of the competition designed to spur the
the Commission does not edit personal development and provision of
filing of the proposed rule change, the identifying information from
Commission summarily may innovative entrepreneurial development
submissions. You should submit only and access to capital resources for
temporarily suspend such rule change if information that you wish to make
it appears to the Commission that such formerly incarcerated individuals or
available publicly. All submissions those who are non-violent ex-offenders.
action is: (i) Necessary or appropriate in should refer to File Number SR–BX–
the public interest; (ii) for the protection Of the 600,000 individuals released on
2016–071, and should be submitted on average each year from federal prisons,
of investors; or (iii) otherwise in or before January 19, 2017.
furtherance of the purposes of the Act. an estimated 60 percent remain
If the Commission takes such action, the For the Commission, by the Division of unemployed one year after their release,
Trading and Markets, pursuant to delegated raising the risk of recidivism and
Commission shall institute proceedings authority.12
to determine whether the proposed rule resulting in lost lifetime earnings. In
Eduardo A. Aleman, fact, two-thirds of these individuals
should be approved or disapproved.
Assistant Secretary. historically are rearrested within three
IV. Solicitation of Comments [FR Doc. 2016–31482 Filed 12–28–16; 8:45 am] years of their release.
Interested persons are invited to BILLING CODE 8011–01–P This challenge competition is separate
submit written data, views, and but builds on the momentum of the
arguments concerning the foregoing, Aspire Entrepreneurship Initiative, a
including whether the proposed rule SMALL BUSINESS ADMINISTRATION public-private partnership announced
change is consistent with the Act. in August 2016 between the SBA, W.K.
Announcement of the Aspire Kellogg Foundation and JUSTINE
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Comments may be submitted by any of
the following methods: Challenge—An Agency Prize Petersen. The three-year initiative is a
Competition pilot to test entrepreneurship education
Electronic Comments programming and microloan assistance
AGENCY: U.S. Small Business
• Use the Commission’s Internet Administration. through SBA Microloan Intermediaries
comment form (http://www.sec.gov/ to formerly incarcerated individuals in
ACTION: Notice.
rules/sro.shtml); or St. Louis, MO, Chicago, IL, Louisville,
KY and Detroit, MI. The goal of the
11 15 U.S.C. 78s(b)(3)(A)(ii). 12 17 CFR 200.30–3(a)(12). Aspire Challenge is to source additional
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![Federal Register / Vol. 81, No. 250 / Thursday, December 29, 2016 / Notices 96157
(iii) Guide participants to explore (9) Intellectual Property Rights: financial responsibility in the event
their personal entrepreneurial interests (i) All entries submitted in response SBA deems it necessary.
and visions; to this competition will remain the sole (12) Record Retention and Disclosure:
(iv) Address topics such as process, intellectual property of the individuals All submissions and related materials
strategy, financing, marketing, human or organizations that developed them. provided to SBA in the course of this
resources, leadership, contracting and By registering and entering a competition automatically become SBA
market/product development; submission, each contestant represents records and cannot be returned.
(v) Guide all participants, by the end and warrants that it is the sole author Contestants shall identify any
of the training, to refine and draft a and copyright owner of the submission, confidential commercial information
complete business plan. and that the submission is an original contained in their entries at the time of
(3) Mentoring: work of the contestant, or if the their submission.
(i) Provide individualized support on submission is a work based on an Award Approving Official: Lori
developing entrepreneurial skills and existing application, that the contestant Gillen, Deputy Associate Administrator,
strategies. has acquired sufficient rights to use and Office of Entrepreneurial Development,
(4) Community Connections: to authorize others to use the U.S. Small Business Administration,
(i) Opportunities to connect with the submission, and that the submission 409 Third Street SW., Washington, DC
local business community and social does not infringe upon any copyright or 20416.
service providers to increase upon any other third party rights of
participants’ financial literacy. Authority: America Competes
which the contestant is aware. Reauthorization Act of 2010, 15 U.S.C. 3719.
(B) Access to Capital (ii) The winning contestant will, in
(1) Access to micro-lending and other consideration of the prize to be Maria Contreras-Sweet,
capital/funding opportunities: 2 (i) Link awarded, grant to SBA an irrevocable, Administrator, U.S. Small Business
participants with participating royalty-free, exclusive worldwide Administration.
microlenders, including SBA Microloan license to reproduce, distribute, copy, [FR Doc. 2016–31455 Filed 12–28–16; 8:45 am]
Intermediaries, when appropriate, to display, create derivative works, and BILLING CODE 8025–01–P
fund and grow new businesses; publicly post, link to, and share the
(ii) Provide Assistance to prepare to solutions or parts thereof that are to be
meet with capital providers, preparing developed as a result of winning this SMALL BUSINESS ADMINISTRATION
proper documentation, matchmaking competition or for any official SBA
events with local lenders and funders, purpose. Announcement of InnovateHER:
or business pitch events to angel (10) Publicity Rights: By registering Innovating for Women Business
investors, for example. and entering a submission, each Challenge 2017
(7) Applicable Law: This Competition
contestant consents to SBA’s and its AGENCY: U.S. Small Business
is being conducted by SBA pursuant to
agents’ use, in perpetuity, of its name, Administration.
the America Competes Act (15 U.S.C.
likeness, photograph, voice, opinions,
3719) and is subject to all applicable ACTION: Notice.
and/or hometown and state information
federal laws and regulations. By
for promotional or informational
participating in this competition, each SUMMARY: The U.S. Small Business
purposes through any form of media,
contestant gives its full and Administration (SBA) is conducting the
worldwide, without further payment or
unconditional agreement to the Official third year of the InnovateHER:
consideration.
Rules, located on www.challenge.gov Innovating for Women Challenge (the
(11) Liability and Insurance Challenge), pursuant to the America
and the related administrative decisions
Requirements: By registering and Competes Act, for entrepreneurs to
described in this notice, which are final
entering a submission, each contestant create a product or service that has a
and binding in all matters related to the
agrees to assume any and all risks and measurable impact on the lives of
competition. A contestant’s eligibility
waive claims against the Federal women and families, the potential for
for a prize award is contingent upon its
Government and its related entities, commercialization, and fills a need in
fulfilling all requirements identified in
except in the case of willful misconduct, the marketplace.
this notice and in the Official Rules.
for any injury, death, damage, or loss of
Publication of this notice is not an DATES: The Challenge launches on
property, revenue, or profits, whether
obligation of funds on the part of SBA. December 29, 2016. The initial round of
direct, indirect, or consequential, arising
SBA reserves the right to modify or the Challenge will take the form of local
from their participation in this
cancel this competition, in whole or in competitions that will be run across the
competition, whether the injury, death,
part, at any time prior to the award of country beginning December 29, 2016,
damage, or loss arises through
prizes. and ending no later than April 29, 2017.
negligence or otherwise. By registering
(8) Conflicts of Interest: No individual The host organizations running the local
and entering a submission, each
acting as a judge at any stage of this competitions must select and submit
contestant further represents and
competition may have personal or one winner from each local competition
warrants that it possesses sufficient
financial interests in, or be an employee, to SBA, along with a nomination
liability insurance or financial resources
officer, director, or agent of any package, no later than May 12, 2017.
to cover claims by a third party for
contestant or have a familial or financial SBA will then select up to ten finalists.
death, bodily injury, or property damage
asabaliauskas on DSK3SPTVN1PROD with NOTICES
relationship with a contestant. The top three winners will be
or loss resulting from any activity it
carries out in connection with its announced no later than July 27, 2017,
2 In 2015, the SBA published a final rule for its
participation in this competition, or following a live pitch competition.
Microloan Program allowing microloans to be made
by SBA Microloan Intermediaries to small claims by the Federal Government for FOR FURTHER INFORMATION CONTACT:
businesses owners currently on probation or parole. damage or loss to government property Simona Duffin, Office of
13 CFR 120.707(a). The SBA’s Microloan Program
is focused on new businesses and other
resulting from such an activity. Entrepreneurial Development, U.S.
underserved markets and provides loans up to Competition winners shall be prepared Small Business Administration, 409
$50,000. to demonstrate proof of insurance or Third Street SW., 6th Floor,
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Document Created: 2016-12-29 01:58:54
Document Modified: 2016-12-29 01:58:54
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | The submission period for entries will begin on December 29, 2016 and close on February 13, 2017. SBA anticipates that winners will be announced no later than March 14, 2017. | |
| Contact | Matthew Stevens, Strategic Initiatives Manager, Office of Entrepreneurial Development, U.S. Small Business Administration, 409 Third Street SW., 6th Floor, Washington, DC 20416, (202) 205-7699, [email protected] | |
| FR Citation | 81 FR 96155 |
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