SBA Announces Over $5 Million in Awards to Support STEM, R&D-Focused Small Businesses

WASHINGTON, Sept. 20, 2023 (GLOBE NEWSWIRE) — Today, In 2023, a total of $7.25M in prizes will be awarded to support organizations in fostering innovation ecosystems nationwide and advance research and development (R&D) from ideas to impact. Since its launch in 2014, the Growth Accelerator Fund Competition has awarded 387 prizes totaling more than $19 million to 284 unique winners across 50 states and U.S. territories. For more information please visit: https://www.sbir.gov/accelerators    The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. Learn more at sba.gov. 
(GlobeNewsWire)