Whether you are a budding or existing entrepreneur, access to capital is one of those resources that are far and between. Check out The Kauffman Foundation and LegalZoom report on access to credit.
The U.S. Department of Energy (DOE) has announced $2.5 million in available funding for the Cleantech University Prize (Cleantech UP), which aims to inspire the next generation of clean energy entrepreneurs. This funding opportunity will support the commercialization of promising technologies for sectors such as solar and wind that reduce carbon pollution and grow the clean energy economy. Read more
According to the 2012 U.S. Census Bureau survey, 4.4 percent of veteran business owners are women, and those numbers continue to increase. Read more
SAVE THE DATE!
The 2nd Annual
June 2, 2015
EDAC has participated in the Department of Defense Mentor Protege program for the last 11 years. Working with major prime contractors and small businesses have helped build the capacity of the Entrepreneurial Development and Assistance Center.
SBA currently has a mentor-protege program for the 8(a) Business Development Program that is intended to enhance the capabilities of the protege and to improve its ability to successfully compete for Federal contracts. The Small Business Jobs Act authorized SBA to use this model to establish similar mentor-protege programs for the Service Disabled Veteran-Owned, HUBZone, and Women-Owned Small Federal Contract Business Programs and the National Defense Authorization Act for Fiscal Year 2013 authorized this for all small businesses. This authority is consistent with recommendations issued by an interagency task force created by President Obama on Federal Contracting Opportunities for Small Businesses. As is the case with the current mentor-protege program, the various forms of assistance that a mentor will be expected to provide to a protege include technical and/or management assistance; financial assistance in the form of equity investment and/or loans; subcontracts; and/or assistance in performing prime contracts with the Government in the form of joint venture arrangements. Read more
Doing my weekly research on entrepreneurship, I came across an article about the challenges faced by entrepreneurs. As you know, we offer support to entrepreneurs via one on one counseling, conferences, workshop and access to capital. What are your top three challenges you face as an entrepreneur? By the way, you can read that article here.
The Entrepreneurial Development and Assistance Center and the Entrepreneurial Society at Morgan State University shared some insights on being an entrepreneur to 7th graders at the Stadium School.