WATERVILLE — The U.S. Small Business Administration has named Dirigo Labs as one of 44 stage two winners for the 2024 Growth Accelerator Fund Competition. The lab will receive a $150,000 cash prize for its work as a Growth Accelerator Partnership in supporting the launch, growth, and scale of STEM and research and development-focused small businesses in the sustainability and biotechnology sectors.
The competition catalyzes strategic innovation ecosystem building across the country, according to a news release. Over the last decade, the SBA has awarded 566 prizes totaling more than $33 million to winners throughout the U.S. and U.S. territories, the release stated.
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