08/12/2026
Grant Competition: SBA intends to announce 4-6 award winners in September for an award up to $6.0 million each. Applicants "must have an aligned business strategy that provides tangible deliverables to at least one priority area addressing critical industrial base needs, technology solutions, and supply chain gaps and chokepoints in the U.S.":
➡️Advanced Metals Manufacturing (including rapid tooling, precision casting and forging, heat treated components, strategic and critical minerals, and rare earth element recovery and magnet production)
➡️Advanced Materials Manufacturing (including large format additive manufacturing and materials transformation)
➡️Energy Systems, Energetics and Components (including nuclear energy, battery energy storage systems and standardization efforts)
Contestants must currently be profitable and generally creditworthy and must demonstrate the ability to deploy funds immediately. This is a very specialized and targeted competition.
SBA is offering up to $20 million in prize awards to help expand capacity in areas identified as critical supply chain chokepoints. Overview SBA is offering up to $20 million in targeted and mission-aligned prize awards that will bring innovation to our manufacturing base and rapidly expand producti...