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FY 2019 Innovation Accelerator Grant (Pilot)

Grants to Washington, DC Nonprofits and For-Profits to Provide
Support to Underrepresented Early-Stage Entrepreneurs

Agency Type:

State

Funding Source:

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District of Columbia - Executive Office of the Mayor - Office of the Deputy Mayor for Planning and Economic Development (DMPED)

Deadline Date:

07/29/19 12:00 PM EST

Description:

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Grants to Washington, DC nonprofit and for-profit corporations to enhance or create an accelerator program for early-stage entrepreneurs from underrepresented populations. The program will provide technical assistance, mentorship, introductions, and other capacity-building support. “Underrepresented” means that at least 51% of company owners identify as the following: African-American, Latinx, Native American, female, LGBTQ, or disabled.

The Office of the Deputy Mayor for Planning and Economic Development (DMPED) seeks one or more partners to create a privately managed accelerator program that invests in seed and early-stage DC-based businesses led by underrepresented entrepreneurs, including people of color, women, LGBT individuals, and people with disabilities. These may be technology or technology-enabled businesses.

The goal is to increase access to business development and financial support for scalable tech or tech-enabled, DC-based businesses led by underrepresented entrepreneurs. The top priority is increasing access to opportunity for underrepresented entrepreneurs who would not otherwise secure the resources and access to capital needed to scale their business.

These accelerator partners would be charged with helping entrepreneurs develop scalable businesses, form strategic partnerships, and raise investment capital needed to grow a sustainable venture. Partners could develop a new accelerator or develop a new component of an existing program.

GrantWatch ID#:

GrantWatch ID#: 186250

Estimated Total Program Funding:

$400,000

Number of Grants:

The District intends to make one or more awards.

Estimated Size of Grant:

Award amount will vary by applicant but will not exceed $200,000.

Term of Contract:

The District’s period of performance and financial obligation for the grant will be from the date of execution through September 30, 2020.

Additional Eligibility Criteria:

The applicant can be a for-profit corporation or a non-profit/tax-exempt corporation, so designated by the Internal Revenue Service, with an office in the District of Columbia.

The applicant must sign and submit a Contract Affidavit certifying that they are not debarred from participation in any federal program nor have any unresolved default or noncompliance issues with the District of Columbia.

Eligible applicants must meet the following minimum requirements to be considered for a grant:

- Registered business in Good Standing with the DC Department of Consumer and Regulatory Affairs (DCRA), the Office of Tax and Revenue (OTR), the Department of Employment Services (DOES), and Internal Revenue Service (IRS), and maintain their Good Standing status with the aforementioned agencies throughout the pre-award process and the grant’s period of performance.
- Must be a business registered in the District of Columbia.
- Provide proof of property and liability insurance (an insurance quote is permitted for new businesses) compliant with the requirements set forth in Section XVIII of the RFA).

Joint ventures (i.e. teams with members from more than one organization) are eligible to apply, but the individual grants will be disbursed to one entity.

Firearms, tobacco and pornography businesses are prohibited from receiving accelerator support.

Pre-Application Information:

All electronic applications must be submitted no later than Monday, July 29, 2019 at 12:00 p.m., EST. All applications will be recorded upon receipt.

All applications must be submitted electronically. Hand delivered or mailed applications will not be accepted.

Anticipated time for processing applications is thirty (30) to forty-five (45) days after date of application close.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply Here: https://www.GrantRequest.com/SID_5501?SA=SNA&FID=35043

DMPED Grants Team
Phone: (202) 724-8111
E-mail: dmpedgrants@dc.gov

Funding or Pin Number:

DMPED – BD019 - 2320

URL for Full Text (RFP):

Geographic Focus:

USA: Washington, DC

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