Las Vegas, NV - Battle Born Venture, Nevada’s state-sponsored venture capital program operating under the federal State Small Business Credit Initiative (SSBCI), provided $500,000 in capital to four Nevada startups that include: VisionAid, NeuroReserve, Adaract, and Beloit Kombucha.
On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). The new version of the SSBCI program provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities. GOED oversees the Nevada SSBCI Program.
It is operated by Nevada Battle Born Growth Escalator, Inc. a corporation for public benefit and 501(c)(3) non-profit created by GOED in 2016. Nevada’s SSBCI Program contains four loan programs and one venture capital program, Battle Born Venture.
