Grupo Guayacán

SBA Boosts Economic Impact of Accelerators with $4.4 Million in Prizes

Release Date: Tuesday, August 4, 2015
Release Number: 15-66
Contact: Miguel Ayala (202) 450-0148
Internet Address:

WASHINGTON – The U.S. Small Business Administration (SBA) today announced the 80 winners of the second annual Growth Accelerator Fund Competition. The recipients represent 39 states, the District of Columbia and Puerto Rico.

Accelerators serve entrepreneurs in a broad set of industries and sectors – from manufacturing and tech start-ups, to farming and biotech – with many focused on creating a diverse and inclusive small business community.

“SBA is continuing to make advances in supporting unique organizations that help the start-up community grow, become commercially viable, and have a real and sustained economic impact,” said SBA Administrator Maria Contreras-Sweet. “Through the wide-spread outreach of this competition, we are able to reach entrepreneurial ecosystems across the country. My commitment is to make our resources available to 21st century entrepreneurs where they are, and these accelerators, also known as incubators and innovation hubs, are the gathering place for today’s innovators and disruptors.”

Applications were judged by more than 40 experts with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds from both the public and private sector. The first panel of judges reviewed over 400 applications and presentations and established a pool of 180 highly qualified finalists. The second panel evaluated the finalists’ presentations and pitch videos and selected the 80 winners.

Each organization will receive a cash prize of $50,000 from the SBA. In accepting these funds, the accelerators will also be committing to quarterly reporting for one year. They will be required to report metrics such as jobs created, funds raised, startups launched and corporate sponsors obtained. This will allow the SBA to continue building upon its database of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities.

The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. While there are entrepreneurial activities occurring nationwide, some are better supported by private sector ecosystems than others. SBA has created connective tissue amongst the nearly 130 winning entrepreneurial ecosystems now

part of the Growth Accelerator Fund. We will continue to explore ways to creatively harness this powerful network and connect startups to each other and Federal government resources. We reported to Congress a baseline of 2014’s fifty winners – made up of about 1,500 companies that have raised $600 million and employ nearly 5,000 people – and with the Class of 2015 the number of entrepreneurs we touch grows significantly.

Additionally, SBA’s Office of Native American Affairs (ONAA) used the Growth Accelerator Fund Competition’s framework to award an additional $400,000 to ecosystems primarily dedicated to Native American entrepreneurs and small businesses. Criteria used for these eight $50,000 prizes were determined by the ONAA, which also managed and judged these eight selections.

The SBA will be discussing the Growth Accelerator program and other SBA programs at the White House Demo Day today. Tune in live at and check out for more details.

The winners are listed below:
Name of Accelerator

Anchorage, AK
Launch : Alaska

Homer, AK
Alaska Small Business Incubator, LLC

Birmingham, AL

Fayetteville, AR
Startup Junkie Consulting, 2.7.0 Accelerator

Phoenix, AZ
CPLC Pickle House

Phoenix, AZ

La Jolla, CA
mystartupXX, University of California San Diego

Los Angeles, CA
LACI (Los Angeles Cleantech Incubator)

Oakland, CA
Impact Hub Oakland

San Diego, CA
Hera Labs

San Jose, CA
Manos Accelerator

Alamosa, CO
San Luis Valley Local Foods Coalition

Boulder, CO
Unreasonable Institute

Boulder, CO

Loveland, CO
The Warehouse Business Accelerator

Hartford, CT
LaunchPad for Impact

Washington, DC
Halcyon Incubator

Washington, DC
Launch Pad

Washington, DC
Mess Hall

Fort Pierce, FL
Pioneer Business Incubator

Orlando, FL

Tampa, FL
FirstWaVE Accelerator

Atlanta, GA
FOCUS Inculator

Rome, GA

Honolulu, HI

Kahului, HI
Maui Food Innovation Center – Maui Accelerator Program

Kailua-Kona, HI
GVS Transmedia Accelerator

Cedar Rapids, IA
Entrepreneurial Development Center, Inc.

Cedar Rapids, IA
Iowa Startup Accelerator

Champaign, IL
I-Start (EnterpriseWorks at the UIUC Research Park)

Chicago, IL
Fulton-Carroll Center

Chicago, IL
Impact Engine

Park Forest, IL
SouthWorks MakerLab in Park Forest

Anderson, IN
Flagship Accelerator Program

Louisville, KY

Louisville, KY
LVL1 Inc.

New Orleans, LA

New Orleans, LA
Propeller: A Force for Social Innovation

New Orleans, LA
The Idea Village

Boston, MA
Fraunhofer TechBridge

Boston, MA

Somerville, MA
Greentown Labs

Rockville, MD
Relevant Health

Portland, ME
E2Tech – Environmental & Energy Technology Council of Maine

Portland, ME
Maine Center for Entrepreneurial Development (MCED)

Battle Creek, MI
Inge’s Place

Detroit, MI

St. Louis, MO
Prosper Startup Accelerator

Bozeman, MT
406 Labs

Charlotte, NC
RevTech Labs & QC FinTech

Research Triangle Park, NC
First Flight Venture Center

Omaha, NE
Year of the Startup

Keene, NH
Hannah Grimes Center

Ironia, NJ
Great Turning Advisors Social Business Accelerator

Albuquerque, NM
Creative Startups Accelerator

Albuquerque, NM
Native Entrepreneur in Residence Program

Brooklyn, NY
Manufacture New York

Ithaca, NY
Passenger to Pilot: Empowering Women Entrepreneurs

Long Island City, NY
Coalition for Queens (C4Q)

New York, NY
KiiLN – Keystone for Incubating Innovation in Life Sciences Network

New York, NY
Minority Venture Partners (MVP) Accelerator

Cincinnati, OH
First Batch

Cleveland, OH

Medford, OR
Sustainable Valley Technology Group

Portland, OR
Oregon BEST StartSpace

Portland, OR

Philadelphia, PA
University City Science Center Digital Health Accelerator

Reading, PA
IDEA Food Accelerator

San Juan, PR
EnterPRize Accelerator

San Juan, PR
Codetrotters Academy / Accelerator

Providence, RI
Social Enterprise Greenhouse Accelerator

Charleston, SC
Local Works

Greenville, SC
Greenville Chamber Minority Business Accelerator Program

North Charleston, SC
Fresh Future Farm Inc.

CO.LAB (The Company Lab)

Memphis, TN

Memphis, TN
Start Co. Integration Accelerator

Dallas, TX
EMERGE powered by Tech Wildcatters

El Paso, TX

San Antonio, TX
Live Work Unit Accelerator

Salt Lake City, UT
Sustainable Startups

Arlington, VA
Eastern Foundry

Hampton, VA
Peninsula Technology Incubator

Richmond, VA

Vienna, VA

Spokane, WA
Ignite Northwest

Milwaukee, WI
WERCBench Labs

Beckley, WV
West Virginia Hive

Office of Native American Affairs Special Prizes:

City, State
Name of Accelerator

Anchorage, AK
Launch : Alaska

Fayetteville, AR
Startup Junkie Consulting

Kahului, HI
Maui Food Innovation Center – Maui Accelerator Program

Albuquerque, NM
Native Entrepreneur in Residence Program

Charleston, SC
Fresh Future Farm Inc.

Fort Pierce, FL
Pioneer Business Incubator

Portland, OR

Homer, AK
Alaska Small Business Incubator, LLC

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