The Prince William Science Accelerator will be the recipient of a new $50,000 grant from the U.S. Small Business Administration.
The awarding ceremony will be held at 1:30 p.m. Thursday, Sept. 22, 2016, at the accelerator located at 9385 Discovery Boulevard just outside Manassas.
Less than 20 miles from the nation’s capital sits Innovation Park, which houses the Prince William Science Accelerator a premier life sciences start – up incubation facility. These facilities house the only public-private, and commercially available wet lab space in Northern Virginia.
U.S. Small Business Administration Mid-Atlantic Regional Administrator Natalia Olson-Urtecho presents a $50,000 check, September 22, to the Center; one of two Virginia winners of the agency’s Growth Accelerator Fund Competition. The core capabilities of the accelerator are information technology and life sciences.
“Promoting entrepreneurship is core to the President’s national innovation strategy,” said SBA Mid-Atlantic Regional Administrator Natalia Olson-Urtecho. “We are excited to have so many Accelerators in the Region empowering and engaging organizations with the sole purpose of helping start-ups create economic growth, innovation, and inspire and empower diverse a community of great American companies.”
The contest provides winners with critical, supplemental capital to operating budgets of entrepreneurial systems across the U.S. Through this highly competitive process, applicants have greater opportunity to scale up, or launch something completely new.
In accepting funds, the Science Center commits to quarterly reporting of metrics including jobs created, funds raised, startups launched and corporate sponsors obtained. This allows SBA to continue building upon its database of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities.
