Federal SBA Mentoring Program Teleseminar to Feature SDVOSBs / HUBZone Protégé Options

COLLINSWOOD, N.J. -- The Fed Cetera Network, a business development organization under 48 CFR 52.219-9, will hold a teleseminar at 11AM EST on October 4, 2018, on the topic of the U.S. Small Business Administration (SBA) All Small Mentor Protégé Program (ASMPP).  The teleseminar will also feature brief overviews of Fed Cetera service disabled, veteran-owned (SDVOSB) and HUBzone-certified members who are seeking mentors. Here is where you can sign up to attend. 

The SBA’s ASMPP launched in October of 2016 to provide a way for small businesses with any or no special socioeconomic designation(s) to form a mentoring relationship with another business in a manner previously available only to 8(a) firms. 

The program benefits both mentors and protégés.  Mentors can form joint ventures with their protégé and compete for federal contracts and subcontracts on the basis of the protégé’s socioeconomic attributes, so, for example, a large business that becomes an approved mentor to an SDVOSB can compete as a joint venture partner to the SDVOSB for those opportunities, and the joint venture is considered an SDVOSB, regardless of the mentor’s status.  The mentor can own part of the protégé’s business, and can perform a sizeable portion of any resulting work. Protégés can receive various types of assistance, including financial assistance, from an approved mentor.

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