Deadline: 25-May-22
The Minority Business Development Agency (MBDA) and Department of Commerce are requesting for applications from eligible institutions of higher educations for proposals to develop and implement programs for the education and training of undergraduate students in subjects directly relating to successful entrepreneurship.
The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, has developed a program to support entrepreneurship for undergraduate students at eligible institutions of higher education.
MBDA will provide funding for entrepreneurship programs, including curricula, courses, seminars, and replicable products and tools, that teach students how to develop businesses and commercialize products and services in the domestic and global marketplace.
Performance Measures and Goals
The applicant must propose a project that clearly defines a plan for the entrepreneurship program to be developed, taught, and delivered to students. The proposed activities should be designed to deliver impact aligned with the following performance measures:
- Number of Entrepreneurship Courses Taught – A quantitative estimate of the number of entrepreneurship courses, seminars, and apprenticeships that will be taught based on the curriculum/entrepreneurial program established.
- Number of Students Impacted – Quantify how many students will benefit from the training, programming, courses, and activities associated with the project.
- Number of Product/Service Innovations Created – Quantify how many products/service innovations will be created by students participating in the Project programming.
- Number of Strategic Partners – Quantify how many strategic partners you anticipate collaborating with to carry out the deliverables associated with the success of the Project. These might include public and private sector entities.
- Number of Business Plans – Quantify how many business plans you anticipate students will deliver based on their product/service innovation(s).
Funding Information
- Estimated Total Program Funding: $1,804,266
- Award Ceiling: $300,711
- Award Floor: $300,711
- MBDA expects to issue awards for a total term of two years from October 1, 2022 – September 30, 2024.
Eligibility Criteria
- Eligible applicants include the following institutions of higher education:
- Historically Black Colleges and Universities (HBCUs)
- Hispanic Serving Institutions (HSIs)
- Tribal Colleges and Universities (TCUs)
- Native Hawaiian Serving Institutions (NHSIs)
- Alaska Native Serving Institutions (ANSIs)
- Note: Projects must be located in the U.S. or any U.S. territory, including Guam, Puerto Rico, and the Virgin Islands. MBDA is not authorized to provide awards to individuals under this BAA, and applications from individuals will not be considered under this request. Award funds cannot be used to make investments in individual businesses.
For more information, visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=339798