The Refinery wins SBA’s Accelerator Fund Competition Cash Prize

Westport’s The Refinery, an accelerator geared towards rapidly growing and scaling local ventures that have women in leadership roles, has been selected as one of the winners of the first Growth Accelerator Fund competition. The Refinery and 49 other nationwide winners were selected from a pool of more than 800 applications by a panel of seven expert business expert and investor judges. The purpose of the competition was to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. Westport’s women led accelerator received a cash prize of $50K from the Small Business Administration. In accepting the funds The Refinery will be required to report quarterly metrics to the SBA such as jobs created, funds raised, startups launched and corporate sponsors obtained among other pieces of information.

Click here to read more about the SBA’s Growth Accelerator Fund and winning organizations

 

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