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Minority Business Development Agency (MBDA) Inner City Grant Applications Due Friday, May 15

Minority Business Enterprise (MBE) Inner City Innovation Hubs


SOURCE: Inc.com/ MBDA


The Minority Business Development Agency (MBDA) within the U.S. Department of Commerce is offering grants to support inner city, minority-owned entrepreneurs and businesses, especially ones in technologically innovative sectors, via Minority Business Enterprise (MBE) Inner City Innovation Hubs.


The Minority Business Enterprise (MBE) Inner City Innovation Hubs will focus on research and technology transfer, digital innovation, artificial intelligence, and entrepreneurship in support of minority-owned start-ups and entrepreneurs with innovative products or services. The program will fuel minority business innovation in inner city areas with high concentrations of minority persons and minority-owned businesses.​


The MBDA is looking for projects that include or support research and technology transfer, digital innovation, use of machine learning and artificial intelligence, and entrepreneurship. Projects should incorporate the use of these concepts to assist clients or plan to provide management and technical assistance to businesses based on technological advancement and innovative concepts, or both.


The following program priorities should be considered in an application for an award under this Announcement:


a) Collaborative workspaces (Hubs)

b) State, regional and local municipal/government partnerships

c) Corporate Partnerships

d) Financing Resources

e) Industry Focus


Estimated Total Program Funding: $2,800,000


Maximum Award Amount: $700,000


Information on Eligibility:

Eligible applicants: For-profit entities (including but not limited to sole-proprietorships, partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, commercial organizations, state and local government entities, quasi-government entities, Indian Tribal governments, Tribal entities, and Native Hawaiian entities in any U.S. State or U.S. Territory.


Review Innovation Hub Pre-Application Presentation:

https://www.mbda.gov/sites/mbda.gov/files/pre-application_conference_for_inner_city_innovation_hub_nofo_-_april_29_2020.pptx


To Apply & Review Full text of Notice of Funding Opportunity:

https://www.grants.gov/web/grants/search-grants.html?keywords=mbda

Deadline:

Applications must be submitted to Grants.gov no later than May 15, 2020 at 11:59 pm EDT.


Applications must be submitted electronically via www.grants.gov.

The electronic submission will receive a date and time stamp at www.grants.gov and will be processed after it is fully uploaded. Applicants should anticipate receiving confirmation of successful submission within forty-eight (48) hours. It is imperative that applicants obtain this confirmation as proof of successful submission.



READ MORE:

https://www.mbda.gov/page/mbe-inner-city-innovation-hub-grant-competitions

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.

© 2020, NJSBDC Network

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