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        Indirect CostsGrant
                                          
November 3 - 9, 2023
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                              **EDA announced 60 investments during the week of November 3-9, 2023, for $54,600,117, which will leverage an additional $55,000,000 in matching funds from an array of private and public sector sources.  These awardees are part of the FY’23 “Build to Scale” program, which is comprised of  two competitions––the****Venture Challenge** **and the****Capital Challenge****, which are outlined below**.

**$44,557,977 in 40 Venture Challenge** projects to support programs that enable high-growth technology entrepreneurship and foster inclusive access to proven entrepreneurship support models. This competition has three tiers:  **Ignite** (to plan and launch new tech-based economic development strategies); **Build**(to pilot or adapt new programs); and **Scale** (to scale a proven program).  Grant recipients are as follows:

	**20Fathoms** (Traverse City, MI) - $2 million
		**757 ScaleUp Alliance** (Norfolk, VA) - $1.2 million
		**Arch Grants** (St. Louis, MO) - $750,000
		**Arizona Regional Economic Development Foundation** (Sierra Vista, AZ) - $298,504
		**Biomedical Research Foundation** (Shreveport, LA) - $1.3 million
		**Brownsville Community Improvement Corporation** (Brownsville, TX) - $1.2 million
		**Cleveland State University** (Cleveland, OH) - $1.8 million
		**Cornell University** (Ithaca, NY) - $2 million
		**Elevate Rapid City** (Rapid City, SD) - $100,494
		**Georgetown University** (Washington, DC) - $750,000
		**Guilford College** (Greensboro, NC) – $218,583
		**Jumpstart** (Cleveland, OH) – $2 million
		**LifeX Holdings** (Pittsburgh, PA) - $2 million
		**Louisiana State University** (Baton Rouge, LA) - $600,000
		**Mansfield BioIncubator** (Mansfield, MA) – $1.25 million
		**Michigan Tech Enterprise Corporation** (Houghton, MI) – $750,000
		**Mid-Atlantic Gigabit Innovation Collaboratory** (Westminster, MD) - $274,498
		**North American Intelligent Manufacturing Initiative** (Los Alamos, NM) - $300,000
		**Northeastern University** (Portland, ME) - $2 million
		**Northeastern Vermont Development Association** (St. Johnsbury, VT) - $749,947
		**Pacific American Foundation** (Kailua, HI) - $300,000
		**Puerto Rico Science, Technology and Research Trust** (San Juan, PR) - $648,104
		**Rock Hill Economic Development Corporation** (Rock Hill, SC) - $50,000
		**Rocky Mountain Innovation Initiative** (Fort Collins, CO) - $2 million
		**San Jose State University Research Foundation** (San Jose, CA) - $300,000
		**South Coast Development Council** (Coos Bay, OR) - $300,000
		**Southern Research** (Birmingham, AL) - $748,469
		**Spelman College** (Atlanta, GA) – $749,896
		**The Community Foundation for Greater New Haven** (New Haven, CT) – $2 million
		**The Idea Village** (New Orleans, LA) – $2 million
		**University of Arkansas** (Fayetteville, AR) – $1.2 million
		**University of Missouri at Kansas City** (Kansas City, MO) – $2 million
		**University of Nebraska Medical Center** (Omaha, NE) – $637,710
		**University of Nevada, Las Vegas** (Las Vegas, NV) – $749,037
		**University of Oklahoma** (Norman, OK) – $1.9 million
		**University of Wisconsin-Madison** (Madison, WI) – $1.2 million
		**University Lab Partners** (Irvine, CA) – $2 million
		**Urban Partnerships Community Development Corporation** (Houston, TX) – $741,925
		**Wabash Heartland Innovation Network** (West Lafayette, IN) – $1 million
		**Washington Maritime Blue** (Seattle, WA) – $840,810
	**$10,042,140 in 20 Capital Challenge**projects to increase access to capital in communities where risk capital is in short supply. Operational support is provided for early-stage investment funds, networks, and training programs that focus on both traditional and hybrid equity-based financing. This competition has two tiers: **Form** (to educate, connect investors and create new funds); and **Deploy** (to scale and operate equity-based investment funds).  Grant recipients are as follows:
	**Ben Franklin Technology Partners of Central & Northern Pennsylvania** (State College, PA) – $412,598
		**Biomedical Research Foundation** (Shreveport, LA) - $655,436
		**Center on Rural Innovation** (Hartland, VT) - $260,379
		**Central Indiana Corporate Partnership** (Indianapolis, IN) - $400,000
		**City and County of Denver** (Denver, CO) - $750,000
		**Clean Energy Trust** (Chicago, IL) - $750,000
		**Codefi Foundation on Rural Innovation** (Cape Girardeau, MO) - $321,000
		**Community Investment Corporation** (Tucson, AZ) - $300,000
		**Delaware Innovation Space** (Wilmington, DE) - $750,000
		**Entrepreneurs Center** (Dayton, OH) - $400,000
		**Greentown Labs** (Houston, TX) - $400,000
		**Gulf of Maine Research Institute** (Portland, ME) - $669,433
		**Jackson Hole Center for Global Affairs** (Jackson, WY) - $168,500
		**Michigan Technological University** (Houghton, MI) - $400,000
		**Tampa Bay Wave** (Tampa, FL) - $396,000
		**The Enterprise Institute** (Brookings, SD) - $364,577
		**University of California, San Diego** (La Jolla, CA) - $750,000
		**University of Kentucky** (Lexington, KY) - $749,795
		**University of Nevada, Las Vegas** (Las Vegas, NV) - $400,000
		**University of Texas Rio Grande Valley** (Edinburg, TX) - $744,422 About
    
                        
                              
      
      
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