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Benedict College receives grant to fuel innovation
Christina Lee Knauss //October 10, 2022//
Listen to this articleBenedict College in Columbia has received a $525,000 “Build to Scale” grant to help organize, launch and operate a statewide investment accelerator program for underrepresented groups and minorities who are in the early stages of entrepreneurship.
The grant is one of 51 totaling $47 million that have been awarded nationwide by the U.S. Department of Commerce’s Economic Development Administration, according to a news release.
“Benedict College and the Burroughs School of Business and Entrepreneurship have a long history of economic development in the Midlands,” said Tracy Dunn, dean of the Tyrone Adam Burroughs School of Business and Entrepreneurship at Benedict. “This EDA grant is significant because it allows us to expand the reach of our work to envelop the state, and more importantly it includes a pathway for our women and minority early-stage companies in South Carolina to secure capital to grow their businesses.”
Benedict will work with several partners who are helping to support the project, including the S.C. Department of Commerce, South Carolina Research Authority and HI Mark Capital.
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