Rep. Titus Announces $1.8M for Startups in Nevada
Washington, DC, October 11, 2022 | Sara Severens (202-924-1719)
This funding will help Nevadans grow their businesses, create jobs, and attract and retain the best and brightest talent locally.
Washington, DC – Congresswoman Dina Titus (NV-01), Chair of the House Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management, announced a $1.8 million U.S. Economic Development Administration (EDA) grant to StartUpNV.
This funding will help Nevadans grow their businesses, create jobs, and attract and retain the best and brightest talent locally. It is part of the EDA’s FY2022 Venture Challenge which advances technology-based economic development and regional innovation ecosystems. This will promote the commercialization of new technologies, strengthen growing industry clusters, and expand high-paying economic opportunities. The Venture Challenge awards grants to intermediary organizations such as accelerators, universities, and non-profits supporting new business ventures.
“I am pleased StartUpNV was awarded this funding to aid businesses all across Nevada and in Las Vegas,” said Rep. Titus. “The new programs will strengthen our region’s economic competitiveness and stimulate innovation and job creation.”
With this grant, StartUpNV will scale an online incubator program and create a new startup education program for entrepreneurs over three years to aid Nevada businesses. The Nevada Innovation Ecosystem Entrepreneurial Technical Assistance project will scale the organization’s entrepreneurial training, mentorship, and support services. Two programs will be launched in the Las Vegas region, and one will be expanded to include rural communities.