State hosts growth accelerator fund competition

The U.S. Small Business Administration Office of Innovation and Technology has announced the fifth round of the Growth Accelerator Fund Competition. This competition will recognize the nation’s most innovative accelerators (as well as incubators, co-working startup communities, or other similar models) and award these organizations cash prizes. In 2019, SBA will award up to 60 prizes of $50,000 each for a total of $3 million in prizes under this announcement, according to a press release from the SBA.