In another sign that governments are becoming more savvy when it comes to the economic potential of high-growth startups, the U.S. Small Business Administration recently announced $4.4 million in support for accelerators in 39 states (plus Washington D.C. and Puerto Rico).
The eighty accelerators selected as winners in the Growth Accelerator Fund receive $50,000 each in cash from the SBA. In exchange, they commit to quarterly reporting for one year — tracking metrics such as jobs created, funds raised, startups launched and corporate sponsors secured.
