Grantor: Economic Development Administration
Three Components:
1. Venture Challenge, builds regional economies by awarding grants to eligible intermediary organizations supporting scalable new business ventures;
2. Capital Challenge, provides operational support to form, launch, and or scale investment funds for startup organizations;
3. Industry Challenge, supports organizations within a designated industry that commercialize technology, improve industry competitveness, connectivity and collaboration, and create jobs (offered periodically).
Eligible entities include Local Governments, State Governments, Federally Recognized Tribes, Entities supported by a Local Government or State (Nonprofits, Institutions of Higher Education, Public-Private Partnership, Science or Research Park, Federal Laboratory, Venture or Economic Development Organization, Consortium of any of the above).