Announcement of Growth Accelerator Fund Competition, 19391-19393 [2015-08287]

Download as PDF Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices Electronic Comments SMALL BUSINESS ADMINISTRATION • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– NYSEMKT–2015–21 on the subject line. • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. mstockstill on DSK4VPTVN1PROD with NOTICES All submissions should refer to File Number SR–NYSEMKT–2015–21. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing will also be available for inspection and copying at the NYSE’s principal office and on its Internet Web site at www.nyse.com. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR– NYSEMKT–2015–21 and should be submitted on or before May 1, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Brent J. Fields, Secretary. [FR Doc. 2015–08198 Filed 4–9–15; 8:45 am] BILLING CODE 8011–01–P CFR 200.30–3(a)(59). VerDate Sep<11>2014 20:09 Apr 09, 2015 Tennessee Disaster #TN–00087 Jkt 235001 U.S. Small Business Administration. This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for the State of Tennessee (FEMA–4211– DR), dated 04/02/2015. Incident: Severe winter storm and flooding. Incident Period: 02/15/2015 through 02/22/2015. Effective Date: 04/02/2015. Physical Loan Application Deadline Date: 06/01/2015. Economic Injury (EIDL) Loan Application Deadline Date: 01/04/2016. Submit completed loan applications to U.S. Small Business Administration Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. ADDRESSES: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Notice is hereby given that as a result of the President’s major disaster declaration on 04/02/2015, Private Non-Profit organizations that provide essential services of governmental nature may file disaster loan applications at the address listed above or other locally announced locations. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Anderson; Bedford; Bledsoe; Blount; Campbell; Clay; Coffee; Cumberland; Fentress; Giles; Grainger; Grundy; Hamblen; Hancock; Hardeman; Jefferson; Knox; Lawrence; Loudon; Marshall; Mcminn; Mcnairy; Meigs; Monroe; Moore; Morgan; Obion; Overton; Putnam; Roane; Scott; Sevier; Van Buren; Warren; White. SUPPLEMENTARY INFORMATION: The Interest Rates are: Percent For Physical Damage: Non-Profit Organizations With Credit Available Elsewhere ..... Non-Profit Organizations Without Credit Available Elsewhere ..... For Economic Injury: Frm 00116 Fmt 4703 Sfmt 4703 Non-Profit Organizations Without Credit Available Elsewhere ..... 2.625 (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) Notice. SUMMARY: PO 00000 Percent The number assigned to this disaster for physical damage is 14261B and for economic injury is 14262B. AGENCY: ACTION: Paper Comments 14 17 [Disaster Declaration #14261 and #14262] 19391 2.625 2.625 James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2015–08334 Filed 4–9–15; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Announcement of Growth Accelerator Fund Competition U.S. Small Business Administration. ACTION: Notice. AGENCY: The U.S. Small Business Administration (SBA) announces the 2015 Growth Accelerator Fund Competition, pursuant to the America Competes Act, to identify the nation’s most innovative accelerators and similar organizations and award them cash prizes they may use to fund their operations costs and allow them to bring startup companies to scale and new ideas to life. DATES: The submission period for entries begins 12:00 p.m. EDT, April 10, 2015 and ends June 1, 2015 at 11:59 p.m. EDT. Winners will be announced no later than August 24, 2015. FOR FURTHER INFORMATION CONTACT: Nareg Sagherian, Office of Investment and Innovation, U.S. Small Business Administration, 409 Third Street SW., 6th Floor, Washington, DC 20416, (202) 205–7576, accelerators@sba.gov. SUPPLEMENTARY INFORMATION: SUMMARY: Competition Details 1. Subject of Competition: The SBA is seeking to identify the nation’s most innovative and promising small business accelerators and incubators in order to infuse them with additional resource capital that ultimately stimulates the growth and development of startups from within the entrepreneurial communities they serve. For the purposes of this competition, Growth Accelerators include accelerators, incubators, co-working startup communities, shared tinkerspaces or other models to accomplish similar goals. Regardless of the specific model employed, Growth Accelerators focus on helping entrepreneurs and their startups speed the launch, growth E:\FR\FM\10APN1.SGM 10APN1 mstockstill on DSK4VPTVN1PROD with NOTICES 19392 Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices and scale of their businesses. A broad set of models used to support start-ups will better serve the entire entrepreneurial ecosystem. Whether an accelerator is industry focused, technology focused, product centric, cohort based or more long term, all are valuable players in the nation’s highgrowth entrepreneurial ecosystem that ultimately creates jobs. 2. Eligibility Rules for Participating in the Competition: This Competition is open only to private entities, such as corporations or non-profit organizations that are incorporated in and maintain a primary place of business in the United States. Entities that have an outstanding, unresolved financial obligation to, or that are currently suspended or debarred by, the federal government are not eligible for this Competition. Federal, state, local and tribal agencies are also not eligible for this Competition. Additionally, participants in this Competition must utilize models of operation that include most, if not all, of the following elements: • Selective process to choose participating startups. • Regular networking opportunities offered to startups. • Introductions to customers, partners, suppliers, advisory boards and other players. • High-growth and tech-driven startup mentorship and commercialization assistance. • Shared working environments focused on building a strong startup community. • Resource sharing and co-working arrangements for startups. • Opportunities to pitch ideas and startups to investors along with other capital formation avenues to startups. • Small amounts of angel money, seed capital or structured loans to startups. • Service to underserved communities, such as women, veterans, and economically disadvantaged individuals. 3. Registration Process for Participants: Competition participants must submit their 2015 Growth Accelerator Fund applications online using the link designated for that purpose on challenge.gov, either by filtering search criteria to ‘‘Small Business Administration’’ or going to sba.gov/accelerators, where the link will be posted. In addition to the basic details collected in that short application form, contestants must also complete and submit via challenge.gov a deck, similar to one that would be used in a pitch competition, which must address all of the items identified below: VerDate Sep<11>2014 20:09 Apr 09, 2015 Jkt 235001 Mission & Vision • What is your accelerator’s mission in one sentence? • What specific elements make your accelerator model stand out? • What experiences prepare your team for this? Impact • What gaps does or will your accelerator fill? • What are the specifics of your model and how it will accomplish the above? • For existing accelerators, what has been your success/metrics so far? • For existing accelerators, please explain your overall statistics of the start-up life cycle? Implementation • What is your plan for the prize money if you win? • If you are an existing accelerator using the funds to scale up, provide details of current operations, phases for scale up and Web site; or • If you are creating a new accelerator, provide basics of business plan and phases for implementation. • Aside from the founding team members, what do you look for in staff? • What are the largest risk factors you see? Metrics • What are your fundraising goals or metrics? (aside from the 4-to-1 match) • Is there a plan in place to secure/ work to secure funds (cash, in-kind donations, or sponsorships) in a 4-to-1 proportion to the prize dollars received? • Aside from metrics required by SBA, what are 5 key metrics you will use to self-evaluate? • What does success look like? 4. Prizes for Winners: SBA anticipates awarding up to 80 market stimulation cash prizes of $50,000 each to the highest-rated contestants that also represent the greatest degree of achieving national geographic distribution in both urban and rural areas. Additionally, SBA anticipates awarding up to 8 market stimulation cash prizes of $50,000 each to the highest-rated contestants that are focused in Native American populations (American Indian, Alaska Native or Native Hawaiian). Prizes will be paid in lump sum via the Automated Clearing House (ACH). Winners will be required to create an account in the System for Award Management (SAM) in order to receive an award. 5. Selection of Winners: Winners will be selected based upon how well they address the criteria identified in Items 2 and 3 of this Competition PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 announcement. In addition, in order to achieve nationwide distribution of prizes for the purpose of stimulating the growth and development of startups across the entire United States, SBA may take into account applicants’ geographic locations and areas of service when selecting winners, including support to geographic regions that traditionally have limited access to capital, the underserved, women, the maker community, and American Indian, Alaska Native or Native Hawaiian populations. 6. Applicable Law: This Challenge is being conducted by SBA pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to all applicable federal laws and regulations. By participating in this Challenge, each contestant gives its full and unconditional agreement to the Official Rules and the related administrative decisions described in this notice, which are final and binding in all matters related to the Challenge. A contestant’s eligibility for a prize award is contingent upon their fulfilling all requirements identified in this notice. Publication of this notice is not an obligation of funds on the part of SBA. SBA reserves the right to modify or cancel this Challenge, in whole or in part, at any time prior to the award of prizes. 7. Conflicts of Interest: No individual acting as a judge at any stage of this Challenge may have personal or financial interests in, or be an employee, officer, director, or agent of any contestant or have a familial or financial relationship with a contestant. 8. Intellectual Property Rights: All entries submitted in response to this Challenge will remain the sole intellectual property of the individuals or organizations that developed them. By registering and entering a submission, each contestant represents and warrants that it is the sole author and copyright owner of the submission, and that the submission is an original work of the contestant, or if the submission is a work based on an existing application, that the contestant has acquired sufficient rights to use and to authorize others to use the submission, and that the submission does not infringe upon any copyright or upon any other third party rights of which the contestant is aware. 9. Publicity Rights: By registering and entering a submission, each contestant consents to SBA’s and its agents’ use, in perpetuity, of its name, likeness, photograph, voice, opinions, and/or hometown and state information for promotional or informational purposes through any form of media, worldwide, E:\FR\FM\10APN1.SGM 10APN1 Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices without further payment or consideration. 10. Liability and Insurance Requirements: By registering and entering a submission, each contestant agrees to assume any and all risks and waive claims against the Federal Government and its related entities, except in the case of willful misconduct, for any injury, death, damage, or loss of property, revenue, or profits, whether direct, indirect, or consequential, arising from their participation in this Challenge, whether the injury, death, damage, or loss arises through negligence or otherwise. By registering and entering a submission, each contestant further represents and warrants that it possesses sufficient liability insurance or financial resources to cover claims by a third party for death, bodily injury, or property damage or loss resulting from any activity it carries out in connection with its participation in this Challenge, or claims by the Federal Government for damage or loss to Government property resulting from such an activity. Challenge winners should be prepared to demonstrate proof of insurance or financial responsibility in the event SBA deems it necessary. 11. Record Retention and Disclosure: All submissions and related materials provided to SBA in the course of this Competition automatically become SBA records and cannot be returned. Contestants should identify any confidential commercial information contained in their entries at the time of their submission. Award Approving Official: Javier Saade, Associate Administrator, Office of Investment and Innovation, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Authority: Pub. L. 111–358 (2011). Dated: April 6, 2015. Javier Saade, Associate Administrator, Office of Investment and Innovation. [FR Doc. 2015–08287 Filed 4–9–15; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION mstockstill on DSK4VPTVN1PROD with NOTICES [Disaster Declaration #14257 and #14258] West Virginia Disaster #WV–00035 U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for SUMMARY: VerDate Sep<11>2014 20:09 Apr 09, 2015 Jkt 235001 the State of West Virginia (FEMA–4210– DR), dated 03/31/2015. Incident: Severe Winter Storm, Flooding, Landslides, and Mudslides. Incident Period: 03/03/2015 through 03/06/2015. Effective Date: 03/31/2015. Physical Loan Application Deadline Date: 06/01/2015. Economic Injury (EIDL) Loan Application Deadline Date: 12/31/2015. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration Processing, And Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the President’s major disaster declaration on 03/31/2015, Private Non-Profit organizations that provide essential services of governmental nature may file disaster loan applications at the address listed above or other locally announced locations. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Barbour; Boone; Braxton; Cabell; Doddridge; Gilmer; Harrison; Jackson; Kanawha; Lewis; Lincoln; Logan; Marshall; Mcdowell; Mingo; Monongalia; Putnam; Raleigh; Ritchie; Roane; Summers; Tyler; Upshur; Wayne; Webster; Wetzel; Wirt; Wood; Wyoming. The Interest Rates are: 19393 SMALL BUSINESS ADMINISTRATION Annual Meeting of the Regional Small Business Regulatory Fairness Boards; Office of the National Ombudsman U.S. Small Business Administration (SBA). ACTION: Notice of open meeting of the Regional Small Business Regulatory Fairness Boards. AGENCY: The SBA, Office of the National Ombudsman is issuing this notice to announce the location, date, time and agenda for the annual board meeting of the ten Regional Small Business Regulatory Fairness Boards. The meeting is open to the public. DATES: The meeting will be held on: Tuesday, April 28, 2015 from 9:00 a.m. to 5:00 p.m. EDT and Wednesday, April 29, 2015 from 9:00 a.m. to 4:00 p.m. EDT. SUMMARY: The meeting will be at the DoubleTree by Hilton, 1515 Rhode Island Avenue NW., Director’s Room, 2nd Floor, Washington, DC 20005–5595. SUPPLEMENTARY INFORMATION: Pursuant to the Small Business Regulatory Enforcement Fairness Act (Pub. L. 104– 121), Sec. 222, SBA announces the meeting of the Regional Small Business Regulatory Fairness Boards (Regional Regulatory Fairness Boards). The Regional Regulatory Fairness Boards are tasked to advise the National Ombudsman on matters of concern to small businesses relating to enforcement activities of agencies and to report on substantiated instances of excessive enforcement actions against small business concerns, including any findings or recommendations of the Board as to agency enforcement practice or policy. The purpose of the meeting is to Percent discuss the following topics related to the Regional Regulatory Fairness For Physical Damage: Non-Profit Organizations With Boards: Credit Available Elsewhere ... 2.625 —Introduction to the Regional Non-Profit Organizations WithRegulatory Fairness Boards and the out Credit Available ElseOffice of the National Ombudsman where ..................................... 2.625 —Panel Discussion with Federal Agency For Economic Injury: Representatives Non-Profit Organizations with—Facilitated discussion of ongoing out Credit Available Elseregulatory issues for small business where ..................................... 2.625 —FY2014 Outcomes The number assigned to this disaster for —Office of Advocacy regulatory review physical damage is 14257B and for economic —SBA update injury is 14258B. FOR FURTHER INFORMATION CONTACT: The (Catalog of Federal Domestic Assistance meeting is open to the public; however Numbers 59002 and 59008) advance notice of attendance is James E. Rivera, requested. Anyone wishing to attend Associate Administrator for Disaster and/or make a presentation to the Assistance. Regulatory Fairness Boards must contact [FR Doc. 2015–08332 Filed 4–9–15; 8:45 am] ´ ´ Jose Mendez, Case Management BILLING CODE 8025–01–P Specialist, by April 21, 2015, in writing PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 ADDRESSES: E:\FR\FM\10APN1.SGM 10APN1

Agencies

[Federal Register Volume 80, Number 69 (Friday, April 10, 2015)]
[Notices]
[Pages 19391-19393]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08287]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Announcement of Growth Accelerator Fund Competition

AGENCY: U.S. Small Business Administration.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The U.S. Small Business Administration (SBA) announces the 
2015 Growth Accelerator Fund Competition, pursuant to the America 
Competes Act, to identify the nation's most innovative accelerators and 
similar organizations and award them cash prizes they may use to fund 
their operations costs and allow them to bring startup companies to 
scale and new ideas to life.

DATES: The submission period for entries begins 12:00 p.m. EDT, April 
10, 2015 and ends June 1, 2015 at 11:59 p.m. EDT. Winners will be 
announced no later than August 24, 2015.

FOR FURTHER INFORMATION CONTACT: Nareg Sagherian, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 Third Street 
SW., 6th Floor, Washington, DC 20416, (202) 205-7576, 
accelerators@sba.gov.

SUPPLEMENTARY INFORMATION:

Competition Details

    1. Subject of Competition: The SBA is seeking to identify the 
nation's most innovative and promising small business accelerators and 
incubators in order to infuse them with additional resource capital 
that ultimately stimulates the growth and development of startups from 
within the entrepreneurial communities they serve. For the purposes of 
this competition, Growth Accelerators include accelerators, incubators, 
co-working startup communities, shared tinker-spaces or other models to 
accomplish similar goals. Regardless of the specific model employed, 
Growth Accelerators focus on helping entrepreneurs and their startups 
speed the launch, growth

[[Page 19392]]

and scale of their businesses. A broad set of models used to support 
start-ups will better serve the entire entrepreneurial ecosystem. 
Whether an accelerator is industry focused, technology focused, product 
centric, cohort based or more long term, all are valuable players in 
the nation's high-growth entrepreneurial ecosystem that ultimately 
creates jobs.
    2. Eligibility Rules for Participating in the Competition: This 
Competition is open only to private entities, such as corporations or 
non-profit organizations that are incorporated in and maintain a 
primary place of business in the United States. Entities that have an 
outstanding, unresolved financial obligation to, or that are currently 
suspended or debarred by, the federal government are not eligible for 
this Competition. Federal, state, local and tribal agencies are also 
not eligible for this Competition. Additionally, participants in this 
Competition must utilize models of operation that include most, if not 
all, of the following elements:
     Selective process to choose participating startups.
     Regular networking opportunities offered to startups.
     Introductions to customers, partners, suppliers, advisory 
boards and other players.
     High-growth and tech-driven startup mentorship and 
commercialization assistance.
     Shared working environments focused on building a strong 
startup community.
     Resource sharing and co-working arrangements for startups.
     Opportunities to pitch ideas and startups to investors 
along with other capital formation avenues to startups.
     Small amounts of angel money, seed capital or structured 
loans to startups.
     Service to underserved communities, such as women, 
veterans, and economically disadvantaged individuals.
    3. Registration Process for Participants: Competition participants 
must submit their 2015 Growth Accelerator Fund applications online 
using the link designated for that purpose on challenge.gov, either by 
filtering search criteria to ``Small Business Administration'' or going 
to sba.gov/accelerators, where the link will be posted. In addition to 
the basic details collected in that short application form, contestants 
must also complete and submit via challenge.gov a deck, similar to one 
that would be used in a pitch competition, which must address all of 
the items identified below:

Mission & Vision

     What is your accelerator's mission in one sentence?
     What specific elements make your accelerator model stand 
out?
     What experiences prepare your team for this?

Impact

     What gaps does or will your accelerator fill?
     What are the specifics of your model and how it will 
accomplish the above?
     For existing accelerators, what has been your success/
metrics so far?
     For existing accelerators, please explain your overall 
statistics of the start-up life cycle?

Implementation

     What is your plan for the prize money if you win?
     If you are an existing accelerator using the funds to 
scale up, provide details of current operations, phases for scale up 
and Web site; or
     If you are creating a new accelerator, provide basics of 
business plan and phases for implementation.
     Aside from the founding team members, what do you look for 
in staff?
     What are the largest risk factors you see?

Metrics

     What are your fundraising goals or metrics? (aside from 
the 4-to-1 match)
     Is there a plan in place to secure/work to secure funds 
(cash, in-kind donations, or sponsorships) in a 4-to-1 proportion to 
the prize dollars received?
     Aside from metrics required by SBA, what are 5 key metrics 
you will use to self-evaluate?
     What does success look like?
    4. Prizes for Winners: SBA anticipates awarding up to 80 market 
stimulation cash prizes of $50,000 each to the highest-rated 
contestants that also represent the greatest degree of achieving 
national geographic distribution in both urban and rural areas. 
Additionally, SBA anticipates awarding up to 8 market stimulation cash 
prizes of $50,000 each to the highest-rated contestants that are 
focused in Native American populations (American Indian, Alaska Native 
or Native Hawaiian). Prizes will be paid in lump sum via the Automated 
Clearing House (ACH). Winners will be required to create an account in 
the System for Award Management (SAM) in order to receive an award.
    5. Selection of Winners: Winners will be selected based upon how 
well they address the criteria identified in Items 2 and 3 of this 
Competition announcement. In addition, in order to achieve nationwide 
distribution of prizes for the purpose of stimulating the growth and 
development of startups across the entire United States, SBA may take 
into account applicants' geographic locations and areas of service when 
selecting winners, including support to geographic regions that 
traditionally have limited access to capital, the underserved, women, 
the maker community, and American Indian, Alaska Native or Native 
Hawaiian populations.
    6. Applicable Law: This Challenge is being conducted by SBA 
pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to 
all applicable federal laws and regulations. By participating in this 
Challenge, each contestant gives its full and unconditional agreement 
to the Official Rules and the related administrative decisions 
described in this notice, which are final and binding in all matters 
related to the Challenge. A contestant's eligibility for a prize award 
is contingent upon their fulfilling all requirements identified in this 
notice. Publication of this notice is not an obligation of funds on the 
part of SBA. SBA reserves the right to modify or cancel this Challenge, 
in whole or in part, at any time prior to the award of prizes.
    7. Conflicts of Interest: No individual acting as a judge at any 
stage of this Challenge may have personal or financial interests in, or 
be an employee, officer, director, or agent of any contestant or have a 
familial or financial relationship with a contestant.
    8. Intellectual Property Rights: All entries submitted in response 
to this Challenge will remain the sole intellectual property of the 
individuals or organizations that developed them. By registering and 
entering a submission, each contestant represents and warrants that it 
is the sole author and copyright owner of the submission, and that the 
submission is an original work of the contestant, or if the submission 
is a work based on an existing application, that the contestant has 
acquired sufficient rights to use and to authorize others to use the 
submission, and that the submission does not infringe upon any 
copyright or upon any other third party rights of which the contestant 
is aware.
    9. Publicity Rights: By registering and entering a submission, each 
contestant consents to SBA's and its agents' use, in perpetuity, of its 
name, likeness, photograph, voice, opinions, and/or hometown and state 
information for promotional or informational purposes through any form 
of media, worldwide,

[[Page 19393]]

without further payment or consideration.
    10. Liability and Insurance Requirements: By registering and 
entering a submission, each contestant agrees to assume any and all 
risks and waive claims against the Federal Government and its related 
entities, except in the case of willful misconduct, for any injury, 
death, damage, or loss of property, revenue, or profits, whether 
direct, indirect, or consequential, arising from their participation in 
this Challenge, whether the injury, death, damage, or loss arises 
through negligence or otherwise. By registering and entering a 
submission, each contestant further represents and warrants that it 
possesses sufficient liability insurance or financial resources to 
cover claims by a third party for death, bodily injury, or property 
damage or loss resulting from any activity it carries out in connection 
with its participation in this Challenge, or claims by the Federal 
Government for damage or loss to Government property resulting from 
such an activity. Challenge winners should be prepared to demonstrate 
proof of insurance or financial responsibility in the event SBA deems 
it necessary.
    11. Record Retention and Disclosure: All submissions and related 
materials provided to SBA in the course of this Competition 
automatically become SBA records and cannot be returned. Contestants 
should identify any confidential commercial information contained in 
their entries at the time of their submission.
    Award Approving Official: Javier Saade, Associate Administrator, 
Office of Investment and Innovation, U.S. Small Business 
Administration, 409 Third Street SW., Washington, DC 20416.

    Authority:  Pub. L. 111-358 (2011).

    Dated: April 6, 2015.
Javier Saade,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2015-08287 Filed 4-9-15; 8:45 am]
 BILLING CODE 8025-01-P
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