In an effort to stimulate entrepreneurial activity across the country, the U.S. Small Business Administration is sponsoring a $2.5 million competition for business accelerators and incubators. At least one area entity is planning to participate. The competition invites applications from accelerators and “other entrepreneurial ecosystem models” outside of the well established cradles of business startups to compete for prizes of $50,000 each. Jim Roberts, executive director of the University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship, said in an email that the CIE does plan to apply.
Image: Area business people attend a seminar at UNCW's CIE, which plans to apply for a $50,000 prize from the U.S. SBA. (Contributed Photo)
To read the original article: SBA solicits applications for business accelerator competition | WilmingtonBiz
