Startups

Horn Entrepreneurship just won $50K in federal funding from SBA

UD's entrepreneurship accelerator is one of 60 accelerators across the country to receive the award.

Horn Entrepreneurship’s Blue Hen Proof of Concept Program (BH-POC) received funding through a U.S. Small Business Administration challenge.

Through the Growth Accelerator Fund Competition, 60 incubators and accelerators around the country won awards of $50,000 each. In all, the SBA is funding $3 million.

“I am proud to announce the winners of the 2019 Growth Accelerator Fund Competition,” Acting SBA Administrator Chris Pilkerton said in a statement. “Over the past five years, the competition has provided awards to innovative and promising accelerators and incubators. This year’s recipients, who will each receive an award of $50,000 from the SBA, are no exception.”

Horn Entrepreneurship was launched in 2012 by entrepreneur and investor Charlie Horn as a program with the University of Delaware’s AlfredLerner College of Business & Economics; today it serves all eight of UD’s colleges.

BH-POC provides gap funding and training for researchers and inventors across the UD campus, supporting building prototypes, proving technology concepts and market exposure.

The awards are designed to function as operating capital for the programs. Accelerators that received awards from the SBA agreed to focus at least 60% of work related to the funding on helping entrepreneurs who are socially and economically disadvantaged, living in an Opportunity Zone.

Other recipients in the region include Mtech Ventures, the incubator located on the campus of University of Maryland College Park offering space and training to entrepreneurs; F3 Tech Accelerator of Easton, Maryland; LifeBridge Health Accelerator Program of Baltimore and FastForward of Baltimore.

Companies: University of Delaware Horn Entrepreneurship / U.S. Small Business Administration / University of Delaware

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

How one-click job listings overtook the process — and slowed down tech hiring

Every startup community wants ‘storytelling.’ Too few are doing anything about it.

DelawareBio and UDel make joint hire to boost biotech innovation

Delaware is a top US state for broadband connectivity, ranks No. 4 nationwide

Technically Media