FFVC is named one of just two winners in NC of the 2015 Small Business Association (SBA) Growth Accelerator Fund Competition. The recipients represent 39 states, the district of Columbia and Puerto Rico.

SBA Boosts Economic Impact of Accelerators with $4.4 Million in Prizes

WASHINGTON, Aug. 4, 2015 /PRNewswire-USNewswire/ — The U.S. Small Business Administration (SBA) today announced the 80 winners of the second annual Growth Accelerator Fund Competition. The recipients represent 39 states, the District of Columbia and Puerto Rico.

Accelerators serve entrepreneurs in a broad set of industries and sectors – from manufacturing and tech start-ups, to farming and biotech – with many focused on creating a diverse and inclusive small business community.

“SBA is continuing to make advances in supporting unique organizations that help the start-up community grow, become commercially viable, and have a real and sustained economic impact,” said SBA Administrator Maria Contreras-Sweet. “Through the wide-spread outreach of this competition, we are able to reach entrepreneurial ecosystems across the country. My commitment is to make our resources available to 21st century entrepreneurs where they are, and these accelerators, also known as incubators and innovation hubs, are the gathering place for today’s innovators and disruptors.”

Applications were judged by more than 40 experts with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds from both the public and private sector. The first panel of judges reviewed over 400 applications and presentations and established a pool of 180 highly qualified finalists. The second panel evaluated the finalists’ presentations and pitch videos and selected the 80 winners.

Each organization will receive a cash prize of $50,000 from the SBA. In accepting these funds, the accelerators will also be committing to quarterly reporting for one year. They will be required to report metrics such as jobs created, funds raised, startups launched and corporate sponsors obtained. This will allow the SBA to continue building upon its database of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities.

The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. While there are entrepreneurial activities occurring nationwide, some are better supported by private sector ecosystems than others. SBA has created connective tissue amongst the nearly 130 winning entrepreneurial ecosystems now part of the Growth Accelerator Fund. We will continue to explore ways to creatively harness this powerful network and connect startups to each other and Federal government resources. We reported to Congress a baseline of 2014’s fifty winners – made up of about 1,500 companies that have raised $600 million and employ nearly 5,000 people – and with the Class of 2015 the number of entrepreneurs we touch grows significantly.

Additionally, SBA’s Office of Native American Affairs (ONAA) used the Growth Accelerator Fund Competition’s framework to award an additional $400,000 to ecosystems primarily dedicated to Native American entrepreneurs and small businesses. Criteria used for these eight $50,000 prizes were determined by the ONAA, which also managed and judged these eight selections.

The SBA will be discussing the Growth Accelerator program and other SBA programs at the White House Demo Day today. Tune in live at www.whitehouse.gov/live and check out www.sba.gov/accelerators for more details.

The winners are listed below:

City
State
Name of Accelerator
Anchorage
AK
Launch : Alaska
Homer
AK
Alaska Small Business Incubator, LLC
Birmingham
AL
Velocity
Fayetteville
AR
Startup Junkie Consulting, 2.7.0 Accelerator
Phoenix
AZ
CPLC Pickle House
Phoenix
AZ
SEED SPOT
La Jolla
CA
mystartupXX, University of California San Diego
Los Angeles
CA
LACI (Los Angeles Cleantech Incubator)
Oakland
CA
Impact Hub Oakland
San Diego
CA
Hera Labs
San Jose
CA
Manos Accelerator
Alamosa
CO
San Luis Valley Local Foods Coalition
Boulder
CO
Unreasonable Institute
Boulder
CO
MergeLane
Loveland
CO
The Warehouse Business Accelerator
Hartford
CT
LaunchPad for Impact
Washington
DC
Halcyon Incubator
Washington
DC
Launch Pad
Washington
DC
Mess Hall
Fort Pierce
FL
Pioneer Business Incubator
Orlando
FL
VentureScaleUp
Tampa
FL
FirstWaVE Accelerator
Atlanta
GA
FOCUS Inculator
Rome
GA
Makervillage
Honolulu
HI
XLR8UH
Kahului
HI
Maui Food Innovation Center – Maui Accelerator Program
Kailua-Kona
HI
GVS Transmedia Accelerator
Cedar Rapids
IA
Entrepreneurial Development Center, Inc.
Cedar Rapids
IA
Iowa Startup Accelerator
Champaign
IL
I-Start (EnterpriseWorks at the UIUC Research Park)
Chicago
IL
Fulton-Carroll Center
Chicago
IL
Impact Engine
Park Forest
IL
SouthWorks MakerLab in Park Forest
Anderson
IN
Flagship Accelerator Program
Louisville
KY
XLerateHealth
Louisville
KY
LVL1 Inc.
New Orleans
LA
PowerMoves.NOLA
New Orleans
LA
Propeller: A Force for Social Innovation
New Orleans
LA
IDEAx
Boston
MA
Fraunhofer TechBridge
Boston
MA
InciteHealth
Somerville
MA
Greentown Labs
Rockville
MD
Relevant Health
Portland
ME
E2Tech – Environmental & Energy Technology Council of Maine
Portland
ME
Maine Center for Entrepreneurial Development (MCED)
Battle Creek
MI
Inge’s Place
Detroit
MI
NextEnergy
St. Louis
MO
Prosper Startup Accelerator
Bozeman
MT
406 Labs
Charlotte
NC
RevTech Labs & QC FinTech
Research Triangle Park
NC
First Flight Venture Center
Omaha
NE
Year of the Startup
Keene
NH
Hannah Grimes Center
Ironia
NJ
Great Turning Advisors Social Business Accelerator
Albuquerque
NM
Creative Startups Accelerator
Albuquerque
NM
Native Entrepreneur in Residence Program
Brooklyn
NY
Manufacture New York
Ithaca
NY
Passenger to Pilot: Empowering Women Entrepreneurs
Long Island City
NY
Coalition for Queens (C4Q)
New York
NY
KiiLN – Keystone for Incubating Innovation in Life Sciences Network
New York
NY
Minority Venture Partners (MVP) Accelerator
Cincinnati
OH
First Batch
Cleveland
OH
VictoryStart
Medford
OR
Sustainable Valley Technology Group
Portland
OR
Oregon BEST StartSpace
Portland
OR
ONABEN
Philadelphia
PA
University City Science Center Digital Health Accelerator
Reading
PA
IDEA Food Accelerator
San Juan
PR
EnterPRize Accelerator
San Juan
PR
Codetrotters Academy / Accelerator
Providence
RI
Social Enterprise Greenhouse Accelerator
Charleston
SC
Local Works
Greenville
SC
Greenville Chamber Minority Business Accelerator Program
North Charleston
SC
Fresh Future Farm Inc.
Chattanooga
TN
CO.LAB (The Company Lab)
Memphis
TN
ZeroTo510
Memphis
TN
Start Co. Integration Accelerator
Dallas
TX
EMERGE powered by Tech Wildcatters
El Paso
TX
RedSky
San Antonio
TX
Live Work Unit Accelerator
Salt Lake City
UT
Sustainable Startups
Arlington
VA
Eastern Foundry
Hampton
VA
Peninsula Technology Incubator
Richmond
VA
Lighthouse
Vienna
VA
Equita
Spokane
WA
Ignite Northwest
Milwaukee
WI
WERCBench Labs
Beckley
WV
West Virginia Hive

Office of Native American Affairs Special Prizes
CITY
STATE
NAME OF ACCELERATOR
Anchorage
AK
Launch: Alaska
Fayetteville
AR
The ARK Challenge
Kahului
HI
Maui Food Innovation Center – Maui Accelerator Program
Albuquerque
NM
Native Entrepreneur in Residence Program
Charleston
SC
Fresh Future Farm Inc.
Fort Pierce
FL
Pioneer Business Incubator
Portland
OR
ONABEN
Homer
AK
Alaska Small Business Incubator, LLC
Release Number: 15-66

Contact: Miguel Ayala (202) 450-0148
Internet Address: www.sba.gov/news
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SOURCE U.S. Small Business Administration