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:
- Department of Defense Mentor-Protégé Program
- Department of Homeland Security Mentor-Protégé Program
- Small Business Administration Mentor-Protégé Program
- General Services Administration Mentor-Protégé Program
- George Mason University’s Mentor-Protégé Program (under DoD’s program)
- NASA Mentor-Protégé Program
- Department of the Army Mentor-Protégé Program
- National Geospatial-Intelligence Agency Mentor-Protégé Program
- Department of Health & Human Services Mentor-Protégé Program
- Department of Energy Mentor-Protégé Program
- Department of Treasury Mentor-Protégé Program
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 Reply
You must be logged in to post a comment.