October 28, 2016
SBA Releases “All Small” Mentor-Protege Template & Application
Source: SmallGovCon, Steven Koprince, October 4, 2016
The SBA has released a sample template mentor-protege agreement, and accompanying application information, for its new “all small” mentor-protege program.
The template calls for the parties to select from up to six categories of assistance that the mentor may provide, and requires the parties to set forth specific details about the nature of the planned assistance, the timeline for providing it, and milestones for measuring success. The application form, in turn, requires the protege to have a written business plan, and will require mentors and proteges to complete an online training module if they apply after November 1, 2016.
The template provides six categories of assistance that the mentor may provide the protege: (1) Management and Technical Assistance; (2) Financial Assistance; (3) Contracting; (4) Trade Education; (5) Business Development; and (6) General Administrative. The protege may select “any or all that apply to your situation.”
Once the appropriate assistance is identified, the protege must then specify its needs within each selected area, what the mentor will do to support those needs, the timeline for meeting the needs, and how to measure whether each of the needs have been successfully met “in accordance with your business plan . . ..” The SBA’s accompanying instructions confirm that the protege must have a written business plan–and that the business plan must be submitted to the SBA as part of the mentor-protege application. READ MORE….
The SBA has made changes to the Mentor-Protégé Program. Contact your nearest PTAC to learn more.
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