Question

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What is the Growth Accelerator Fund Competition?

Answer 1

Growth Accelerator Fund Competition is an initiative by US small business administration (SBM) to support small business and startups by awarding monetary prize to winners of this competition.This is an annual competition and arranged by SBM since 2014. Growth Accelerator Fund Competition (GAFC) recognize accelerator, incubators, local entrepreneurial ecosystem to support small business success.

Accelerator or Startup incubators is a program designed to make small business and startup succeed. Small business and startups has many problem like space, initial capital requirement, market access etc. These accelerator helps them through providing work space, training, mentoring and funding etc.

In GAFC, any small business entrepreneur or startup can apply from any state to compete. They require to submit detailed application which is reviewed by Expert Judges so rewards goes to only deserving applicants. Expert Judges are chosen from government and private sectors who had expertise in business creation, operation, investment and technology.