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Small Business Administration 2024 Growth Accelerator Fund Competition

The U.S. Small Business Administration (SBA) is hosting its 2024 Growth Accelerator Fund Competition (GAFC), which offers a total of more than $5M in prize awards to organizations seeking to foster a national innovation support ecosystem that advances small business research and development (R&D) from ideas to the commercial market.  


Stage One submission period: January 8 - Feb. 16


2024 Prizes awarded in Two Stages 

  • Stage One: $50,000 in cash prizes awarded to organizations (“Catalysts”) for ecosystem-building activities, including recruitment of new partners, and strengthening existing alliances among stakeholders (including public, private, non-profit, and academic partners). 
  • Stage Two: Offers an additional $50,000 to $150,000 in cash prizes to eligible Stage One winners to provide direct assistance to entrepreneurs, small businesses, and startups that are looking to commercialize their innovation, from R&D to the commercial market. 

Learn more:

Additional Resources 

  • To access the Growth Accelerator Fund Competition Guidelines and Application Portal, please visit America’s Seed Fund Accelerators 
  • For information on previous Growth Accelerator Fund Competitions: Accelerators | 
  • Two information webinars will be held to support potential Stage One applicants. The webinars are free and open to the public.  
  • GAFC Pre-Application Webinar: Goals, rules, and how to apply  
           Jan. 16, 2024, at 2:00 p.m. EST 
  • GAFC Theme Explanation Webinar: A deep-dive into the tech themes with experts from relevant federal agencies 
           Jan. 31, 2024, at 2:00 p.m. EST 

Date Posted:
January 9, 2024