Mentor-Protégé Programs Provide Opportunity for Small Businesses

When doing business with government, it’s not always easy for small businesses to get a leg up. Prime contractors have the resources, relationships and tools for capturing significant pieces of business, which can leave smaller contractors behind.
Thanks to mentor-protégé programs, small contractors can compete more successfully and develop the innovations that government needs by partnering with prime contractors. Major federal programs include:

And though many have heard about these programs already, not all are aware of some of their significant benefits. For example, we understand that the SBA’s program allows small businesses to the use qualifications of their primes for up to three bids. Also, mentors could own equity interest of up to 40 percent in a protégé firm to help it raise capital.

Be sure to check out the full FedBizBeat post here.

Leave a Comment

Leave a comment

Leave a Reply