The SPRINT Challenge is $25 million national competition open to organizations that support entrepreneurship and accelerate innovation in their community or region to address the economic, health, and safety risks caused by the coronavirus pandemic.
Under this financial assistance program, applicants may request up to $500,000 for a 12-month period of performance, or up to $750,000 for an 18-month period of performance.
This program is managed by the Office of Innovation and Entrepreneurship (OIE) at the Economic Development Administration (EDA).
Eligible applicant organizations are those able to support one or more of the following activities to help address the coronavirus pandemic:
- Scaling biotechnology, health security, and supply chain technologies to market
- Increasing regional, national, and government connectivity to support commercialization and entrepreneurship
- Developing new and unique investment capital models to address the financial needs of entrepreneurs
- Developing and scaling entrepreneurship support models to address the virtual and remote work environment of the pandemic
The EDA is accepting SPRINT Challenge applications through December 3, 2020.