SOAR Act

The Startup Opportunity Accelerator (SOAR) Act would establish a grant program within the Small Business Administration to provide funding to business "accelerators" and similar organizations that support new small businesses. These grants, which would be at least $1 million each, are intended to help these organizations expand their facilities and improve their mentorship and training programs for startups focused on technology, research, and development. By strengthening the infrastructure that supports entrepreneurs, the bill aims to help new businesses scale more effectively and gain better access to outside investment and professional guidance.