WASHINGTON – U.S. Small Business Administration Administrator Maria Contreras-Sweet today announced the SBA’s support of four new Regional Innovation Clusters, adding to its portfolio of high-performing regional innovation networks across the country. “Clusters are public-private partnerships that are driving innovation and job creation in our most promising regional hubs for innovation,” Contreras-Sweet said. “SBA has built a strategic infrastructure of financing and consulting networks in key regions to help new companies launch and small companies grow, particularly in underserved communities across the country. We’re unleashing the full potential of entrepreneurs who are developing cutting-edge products and processes that will help ensure American global competitiveness, creating support systems for small businesses in regions with the most need.”
The four Regional Innovation Cluster awardees, ranging from $500,000 to $550,000, were selected from more than 40 applicants and represent a wide range of diverse geographic areas and industries. From urban to rural, and clean technology to autonomous systems, these cluster initiatives focus on the most effective approaches to linking small businesses to regional networks of leading research, commercialization tools and financing.