Pathways to Scale

 

About the Pathways to Scale Initiative

The Innovation Institute is calling upon stakeholders in the innovation economy to submit proposals to our Pathways to Scale Mentoring initiative. This grant program aims to support and grow mentor networks that connect emerging executives from scaling companies with seasoned entrepreneurs who have experience growing innovative companies to scale.

Eligibility

Respondents must be a non-profit entity located in Massachusetts to be eligible to apply for this program.

Guidelines

In order to increase the survival rate of high-growth firms in Massachusetts, this Pathways to Scale solicitation offers funding for Respondents to develop a mentorship network and targeted programing for founders or executives of companies with high-growth potential (referred to as “scaling executives”). One of the primary goals of the Pathways to Scale initiative is to match scaling executives with entrepreneurs who have successfully brought a high-growth firm to scale in Massachusetts or elsewhere. An emphasis is placed on quality engagements among a small cohort of scaling executives with mentors who have demonstrated experience scaling a startup or multiple startups and can help firms overcome obstacles related to growing a company to scale.

Proposals should clearly articulate the target population, industry, or region to be served and demonstrate recent growth by entrepreneurs in the targeted region or industry. Respondents should describe how the proposal addresses the needs of scaling executives and leads to improvements in individual and team leadership, management skills, systemization of business operations, hiring and recruiting, and other business growth needs.

Funding

The Innovation Institute plans to award up to $500,000 through the Pathways to Scale solicitation, which can be expended over a period of up to two years. We are planning to provide multiple awards ranging from $50,000 to $200,000 depending upon what is being proposed. Proposals in excess of $200,000 will not be considered.

How to Apply

Proposals must be submitted to proposals@masstech.org by April 20, 2021. Respondents are encouraged to read the RFP carefully and conform to its requirements.

A question & answer information session will be held on March 12, 2021 at 12PMRegister

 

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