Opportunity Information: Apply for SB OVVT 21 001
The grant opportunity titled VFPTEP-2021-01 (Funding Opportunity Number SB OVVT 21 001) is a discretionary federal grant offered by the U.S. Small Business Administration (SBA) under CFDA 59.044 and categorized under the Business and Commerce funding activity area. Its central aim is to expand the reach and delivery capacity of already-existing entrepreneurship training programs that help veteran-owned small businesses (VOSBs) and service-disabled veteran-owned small businesses (SDVOSBs) compete in the federal marketplace. In practical terms, the SBA is looking for organizations that have a proven training curriculum or model in place and can scale it up to better prepare veteran entrepreneurs to pursue federal contracting opportunities, including firms that are just starting to explore procurement as well as those already selling to the government and seeking to grow.
Eligibility is broad but targeted toward organizations capable of delivering structured training at scale. Applicants may include public and state-controlled institutions of higher education, private institutions of higher education, nonprofit organizations (both those with 501(c)(3) status and those without 501(c)(3) status, as long as they are not institutions of higher education in that latter category), and small businesses. The opportunity explicitly invites proposals from eligible nonprofit organizations and private sector firms, reflecting the program's emphasis on tapping established training providers that can reach veteran business communities and deliver outcomes aligned with federal procurement readiness.
Funding is provided through a grant mechanism with an award ceiling of $500,000 per award, and the SBA anticipated making two awards under this announcement. That combination suggests a competitive selection process focused on choosing a small number of providers with strong, scalable models rather than spreading funding thinly across many organizations. The announcement was created on June 11, 2021, with an original application closing date of July 12, 2021, indicating a relatively short application window typical of many federal discretionary grant competitions.
At its core, VFPTEP-2021-01 is about strengthening veteran entrepreneurship specifically in the context of government contracting. The SBA is not simply funding general small business education; it is prioritizing training that helps VOSBs and SDVOSBs understand and navigate federal procurement. That generally implies programming that can build capabilities such as positioning for contract opportunities, understanding government buying processes, preparing to meet compliance and qualification expectations, and developing the operational maturity needed to successfully perform on federal awards. The emphasis on scaling an existing program also implies that applicants should be ready to demonstrate that their training approach is already developed and can be expanded to reach more veteran-owned and service-disabled veteran-owned firms seeking to enter or grow within the federal procurement space.Apply for SB OVVT 21 001
- The Small Business Administration in the business and commerce sector is offering a public funding opportunity titled "VFPTEP-2021-01" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.044.
- This funding opportunity was created on Jun 11, 2021.
- Applicants must submit their applications by Jul 12, 2021 No Explanation. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $500,000.00 in funding.
- The number of recipients for this funding is limited to 2 candidate(s).
- Eligible applicants include: Public and State controlled institutions of higher education, Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education, Private institutions of higher education, Small businesses.
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