On September 4th, the U.S. Small Business Administration announced the 50 winners of the first Growth Accelerator Fund competition after reviewing more than 800 applications. The recipients represent 31 states, the District of Columbia and Puerto Rico. The accelerators come from a broad set of industries and sectors - from manufacturing to tech start-ups to farming as well as a focus on a diversified range of demographic groups.
"The SBA is empowering accelerators and startups that are on the cutting edge of successful, innovative new endeavors," said SBA Administrator Maria Contreras-Sweet. "We’ve seen the enormous success of the accelerator model in communities like Silicon Valley. We believe we can export this type of sophisticated support structure across the country to help start-ups become commercially viable and create jobs more quickly."
Image: Rocket City Launch