U.S. Department of Commerce - Minority Business Development Agency (MBDA)
08/16/21 11:59 PM Eastern Standard Time - Receipt
Grants to USA eligible IHEs serving BIPOC undergraduate students to support instruction related to business development and product commercialization. Interested applicants must attend a conference prior to applying.The purpose of the program is to encourage entrepreneurship, innovation, and general economic development among Black, Hispanic, Native American, Alaskan, and Hawaiian minority students. Funds may be used to develop curricula, seminars, pilot courses, and other activities, as well as replicable products and tools.
The Minority Business Development Agency (MBDA), a bureau of the U.S. Department of Commerce, has developed a pilot program to support entrepreneurship for undergraduate students at Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribal Colleges and Universities (TCUs), Native Hawaiian Serving Institutions (NHSIs), and Alaska Native Serving Institutions (ANSIs). The goal is to establish five (5) pilot projects, one at each type of institution above, to lay the foundation for a future generation of entrepreneurial leaders and innovators that will help strengthen U.S. global competitiveness, job creation, and the overall U.S. economy.
The entrepreneurship program should be centered on teaching undergraduate students how to develop businesses and commercialize products and services in the domestic and global marketplace through inclusive innovation (research) and general economic development. Curricula should be designed to help students develop businesses, products and/or services and to learn the process of creating and commercializing a product from development to market.
Through this program, the MBDA envisions supporting the eligible institutions of higher education with funding to develop programs that amplify and support entrepreneurship education and development in burgeoning industry aligned with the President’s priorities.
GrantWatch ID#: 197574
MBDA anticipates making five (5) awards under this announcement, one for each of the following types of institutions: (1) Historical Black Colleges and Universities; (2) Hispanic Serving institutions; (3) Tribal College; (4) Native Hawaiian; and (5) Alaska Native Serving Institutions.
MBDA anticipates making awards in the amount of $300,000 each
Estimated total program funding:
MBDA expects to expend approximately $1,500,000 in fiscal year (FY) 2021 funds for the financial assistance awards under this Announcement to cover the first year of the selected projects. MBDA anticipates that up to $1,500,000 will be available in each of fiscal years 2022 and 2023 to support continuation funding for the second and third years of the selected projects, contingent upon availability of funds.
Awards will be for a three-year term but funded one year at a time. The three-year term will be from September 1, 2021 – August 31, 2024.
Successful applicants may be eligible for pre-award costs.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Ms. Nakita Chambers
MBDA Program Manager
U.S. Department of Commerce
For technical support, please contact:
Grants.gov Contact Project
Minority Business Development Agency
1401 Constitution Ave NW
Washington, DC 20230
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