The Economic Development Administration has released the 2024 Notice of Funding Opportunity (NOFO) for its Build to Scale program. With $50 million in available funding, the program continues to support regional commercialization, entrepreneurship, and capital formation efforts. This year’s competition, however, comes with a restructured application process and updated evaluation criteria.

Key changes for 2024

With the release of the Economic Development Administration’s (EDA) 2024 Notice of Funding Opportunity (NOFO) for its Build to Scale program, time has begun ticking towards the October 28 application deadline.

SSTI recently hosted an informational session with EDA representatives about the 2024 Build to Scale program. The $50 million program is accepting applications until October 28. The recording and slides are now available here for those who missed it or want to review.