This contest was designed to provide winners with supplemental and critical capital to the operating budgets of entrepreneurial ecosystems across the United States. With access to capital via this highly competitive process, applicants will have greater opportunity to scale up (if already existing) or to launch something completely new. The basic tenet is simple: the startup world and a portfolio’s survival is driven by a game of numbers. More quality startups supported by more well-funded entrepreneurial ecosystems leads to successful startups growing into competitive, exciting and high-value job creators.
Over the coming months, SBA will be working with a number of partners such as the Global Accelerator Network (GAN) and others to host a number of Demo Days across the country. Demo Days provide opportunities for networking and the sharing of best practices among accelerators and other entrepreneurial ecosystem models. The first Demo Day of 2014 was held in Austin, TX at the Capital Factory and concurrent with the South by Southwest (SXSW) Festival. 13 accelerators across multiple industries and geographies gave 5 minute pitches to a room full of their peers. SBA is working to develop more of these events to happen in different cities around the country in 2014. Finalists in the competition will also be participating in a Demo Day remotely, thus there is no requirement for applicants to participate in the in-person events.
Here is the link to the application: https://gaf2014.wufoo.com/forms/sba-growth-accelerator-fund-application/