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Commerce launches $100 million Capital Readiness Program for underserved entrepreneurs

Thursday, January 5, 2023

The U.S. Department of Commerce recently launched the Capital Readiness Program grant competition, which will provide $93.5 million to help minority and other underserved entrepreneurs grow and scale their businesses and be administered by the Minority Business Development Agency.

  • Read more about Commerce launches $100 million Capital Readiness Program for underserved entrepreneurs

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Recent news from the SSTI Digest

Key Senate approps subcommittee chair, members concerned over proposed MEP elimination

Thursday, April 23, 2026
Within the first minutes of his opening remarks for the committee’s hearing with Commerce Secretary Howard Lutnick, Senator Jerry Moran (R-KS), chair of the Senate Appropriations subcommittee for Commerce, Justice, Science, and Related Agencies, suggested the Senate needed to be convinced of the administration’s call to shutdown of NIST’s Hollings Manufacturing Extension Partnership.
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SBIR slowly relaunching following president’s signature

Wednesday, April 22, 2026
Following the April 13, 2026, reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, federal agencies are beginning to resume activities after a lapse of more than six months, though progress so far has been uneven.
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As BBBRC programs mature, SSTI gears up to tell their stories

Thursday, April 23, 2026
The momentum building in the 21 “Building Better Regions” (BBR) projects is growing, and RTI, the leader of the BBBRC Community of Practice, and SSTI are seeing positive impacts and approaches to collaborative regional innovation that could benefit other practitioners and TBED stakeholders if made aware of the success.
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