SBA Growth Accelerator Fund Competition was open from January 8th through February 16th to support Innovation Ecosystem Building Across the Country
Stayed turned for the Stage One announcement of winners in April 2024!
Applicants were asked to align their application with one of the following GAFC Theme Areas:
National and Economic Security, including but not limited to:
- National Security and Defense
- Artificial Intelligence
- Advanced Computing and Software
- Quantum Computing
- Human-Machine Interfaces
- Other Critical and Emerging Technologies
Domestic Manufacturing and Production, including but not limited to:
- Advanced Manufacturing R&D
- Supply Chain Resiliency
- Critical and Resilient Infrastructure
- AgTech and Agricultural Innovation
- Other Supply Chain, Infrastructure, and Manufacturing Technologies
Sustainability and Biotechnology, including but not limited to:
- Energy and Sustainability
- Climate and Environment
- Public Health
- Renewable Energy Generation and Storage
- Electric Vehicles
- Blue Economy
- Other Climate, Energy, and Life Science Technologies
SBA expects to award up to $3,000,000 in cash prizes for Stage One and intends to announce winners for Stage One by April 2024.
Stage Two of the Competition offers an additional $50,000 to $150,000 in cash prizes to eligible Stage One winners to provide direct assistance to entrepreneurs, small businesses, and startups that are looking to commercialize their innovation, from R&D to the commercial market. SBA intends to announce winners for Stage Two by September 2024. A Federal agency partner may also elect to provide a Bonus Prize to one or more Stage One contestants focused on a priority area of the agency partner’s choice. Bonus Prize winners are awarded from the pool of Stage One contestants.
GAFC Pre-Application Webinar
GAFC Themes Explanation Webinar
The 2024 GAFC Stage One Application Portal closed on Feb. 16.
Interested in being a reviewer?
Leverage your expertise and experience in SBIR/STTR, technology-based economic development, investing, STEM entrepreneurship, or working with accelerators or incubators by volunteering as a reviewer for Stage One of the competition. The role of a reviewer is to rate eligible applications based on a provided set of criteria, approximately a five-hour commitment over ten days.