The SBA’s Growth Accelerator Fund Competition is open for applications and ready to award successful incubators and growth accelerators with cash prizes. This competition, which awards the most innovative and promising small business accelerators and incubators, was announced by the Small Business Administration this morning. These prizes will give the winning organizations additional capital and ultimately assist promising start-ups and entrepreneurs.

For more details on the competition, including competition rules and eligibility, please see the SBA’s announcement. Applications are due by June 3, 2016 and can be submitted through Challenge.gov.