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Growth Accelerators provide focused assistance to STEM/R&D entrepreneurs to start and scale their businesses. Typically run by experienced entrepreneurs, accelerators help small businesses access seed capital, mentors, counseling, overhead services and networking opportunities. These organizations help accelerate a startup company’s path towards success with targeted advice on revenue growth, job growth and sourcing outside funding. Accelerators also help foster an inclusive entrepreneurial ecosystem by stimulating entrepreneurship outside of traditional startup hubs. Applicants in the 2021 Competition focused their proposed efforts on one of the following groups: women entrepreneurs, minority entrepreneurs, or other target entrepreneurs identified by applicants (ie. rural, veterans, individuals with disabilities, etc.).
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
FY 2015 data not yet available FY 2015 See sba.gov/accelerators.
FY 2016 data not yet available
FY 2017 data not yet available
Since inception in 2014, the program has awarded 387 prizes of $50,000 each to organizations in 49 states, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico. In 2022, the SBA maintained oversight of the $4.2 million in prizes to accelerators and incubators awarded in FY 2021. Focus areas for winners included assistance programs for women and minority entrepreneurs and applicant’s choice, which mostly supported programs for rural entrepreneurs, but also veterans and individuals with disabilities. Targeted technology areas reflected Administration priorities and were primarily supporting clean energy, followed by supply chain and infrastructure, in addition to other STEM-related technology areas.
For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
