Archived Awards Content

Awards issued prior to 2025 represent actions taken during previous administrations and do not necessarily reflect current investment priorities.

University of Florida

Location

Gainesville, FL

Build to Scale Program

Venture Challenge

Project Name

10-in-5: Cultivating High-Growth Tech Ventures

Award Amount

Federal Share

Local Match

$750,000

$775,274

The University of Florida and its collaborating partners at Florida International University Mission to Market (M2M) program’s 10-in-5: Cultivating High-Growth Tech Ventures is designed to identify and nurture ten high-growth minority-owned tech startups that achieve a collective valuation of $1 billion in five years. The program will serve 100 entrepreneurs with three years of EDA support, creating a pipeline to identify ten companies and entrepreneurs primed for high growth while serving 90 other tech start-ps to access needed resources for ideation, business operations training and mentorship/leadership training. The 10-in-5 program expands two successful programs, UF EDIT and FIU’s M2M programs, currently housed in their respective university’s tech transfer offices, that have been cultivating research-based models and programs to lower the barriers of entry for minoritized groups into tech ventures.

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