FY21 Build to Scale EDA Program Offers Capital & Venture Challenges


Staff Contribution
The EDA’s FY21 Build to Scale program is now live with $38M in total funding available to build regional economies through scalable startups. Under this program, the EDA is soliciting applications for two separate competitions: Venture Challenge and Capital Challenge.
– The FY21 Venture Challenge seeks to support entrepreneurship and accelerate company growth in communities, regions, or combinations of regions.
– The FY21 Capital Challenge seeks to increase access to capital in communities where risk capital is in short supply.
The EDA application deadline for the challenges is 11:59 PM EST on Thursday, April 29, 2021. To view full application details, please click here.
The EDA’s Office of Innovation and Entrepreneurship (OIE) leads the Build to Scale (B2S) Program. Under this program, the EDA manages a portfolio of grant competitions that further technology-based economic development initiatives that accelerate high-quality job growth, create more economic opportunities, and support the future of the next generation of industry-leading companies.
New Bedford SourceLink
As a reminder, if you’re a local entrepreneur or small business with new ideas—additional resources and support to foster your growth are available through our newest initiative, New Bedford SourceLink!
New Bedford SourceLink was developed as a supportive platform to connect maritime, arts+culture, and main street entrepreneurs to a network of local, regional, and national resource partners to foster innovation, growth, and prosperity. Get started by tapping into the Resource Navigator to begin making connections, and building your concept here in New Bedford.

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