SlideShare a Scribd company logo
1 of 15
The SBA Mentor-Protégé
Program
Small Businesses Working
Together for a Brighter Future
The SBA Mentor-
Protégé Program
The SBA Mentor-Protégé Program is a SBA and
government sponsored program for small businesses.
• It is under the SBA’s 8(a) Business Development Program
• Participants involved are successful small business
owners (as mentors) and novice small business owners
(as protégés).
• The program is designed to encourage and attract
mentors that will provide assistance to disadvantaged
firms (protégés).
• The program develops an established relationship
between two small businesses owners that can help each
other. Simply, it is a partnership between two businesses
owners facilitated by the SBA.
The SBA Mentor-
Protégé Program
• The partnership is bonded by a written agreement
between the SBA, the mentor and the protégé. The
SBA acts as an overseer of the program and the
process.
• The program has four areas of coverage – management
and technical, financial, public procurement, access and
qualification for third party opportunities.
• In a nutshell, the SBA and the program goals are mostly
centered on the protégé. Before the actual
implementation, a customized program is made for the
protégé that should be followed by the mentor.
Program Goals
The program’s goals include
• Equipping small business owners
in running and maintain a small
business
• Developing the protégée’s skills
and capabilities for public
procurement
• Assisting the protégés to be
competitive, successful and
contribute to their industry and
over-all economy
Assistance/Benefits
1. Technical and management assistance – given using
the mentor’s experience, expertise, capabilities and
resources.
- Mentors are free to dispense all relative knowledge
they have accumulated to the protégé to give them
advantages in real-life situations.
Assistance/Benefits
contd.
2. Tips and tricks in Contracting (particularly in
Government Procurement)
- basic and technical aspect of procurement to the
protégés.
- mentors can partner or join with their protégés in real
procurement projects
- With the SBA, it is likely that the context of
government procurement that will be worked on by
both mentor and protégé.
Assistance/Benefits
contd.
3. Financial assistance (loans and
equity)
- a mentor firm can loan the protégé
firm for its financial needs
- acquire some equity (or ownership
of the protégé firm to help to raise
capital or counter any financial
problems that the protégé firm
faces.
Assistance/Benefits
contd.
4. Access and qualification for other opportunities.
- If the protégé firm shows promise and development
during the course of the program, it can be eligible and
qualified to other SBA programs.
- The SBA can also offer more assistance for the firm.
Aside from the SBA, the mentor firm can recommend the
protégé firm to other opportunities like corporate and
private clients.
Getting In
Interested parties (both mentor and
protégés) can search for information
about this program on the SBA’s official
site: sba.gov
• Information can also be gathered
from SBA offices. Enrollment and
application to the program is also
handled by an SBA office, often
the SBA District Office.
• Both protégés and mentors need to
apply and be approved by the SBA.
Getting In contd.
• The SBA binds the two parties with a written agreement.
The agreement should specify the protégé’s needs that
needed addressing and the mentor’s commitment to the
partnership.
• The SBA only allows a one-to-one ratio of mentor and
protégé. This approach is adopted to make sure that the
partnership creates trust, understanding and support
from each other.
• The partnership is reviewed yearly by the SBA to ensure
its progress and success.
How to be a Protégé
• Protégés need to be in the developmental stage when
applying to the Mentor-Protégé Program
• The firm’s owner should have no history of receiving a
contract via the SBA
• The firm should have termination or suspension
proceedings
• The firm’s size should be half or less compared to the
size of a small business in a particular industry
• The firm should have a good reputation in the SBA’s
view and complies with all reporting requirements
How to be a Mentor
In this program, a mentor is
• A small or large business owner
• A firm that finished or in a transitional the 8(a) BD
program
• The firm should have a good finical health (or profitable)
for the last two years or so
• A contractor to the federal government with a good
reputation
How to be a Mentor
contd.
• Can make the commitment to the
protégé and the program for a year
at least
• Able to support the protégé for at
least a year, teach about matters
involving small business
management, the 8(a)
Business Development
program and government
contracting
SBA’s Role
• Provide an environment for both mentors and
protégé
• Provide valuable resources like financial
assistance
• Protégés and mentors are able to seek out
other SBA programs that might benefit them
• Assess and respond to developmental needs of
the program’s protégés
• Evaluate the progress and development of the
partnership
SBA’s Role contd.
• Decline the program to a firm or a mentor
for a protégé
• Notify the mentor of possible termination
of the partnership
• Terminate the partnership

More Related Content

What's hot

Business incubation rajesh-agrawal
Business incubation rajesh-agrawalBusiness incubation rajesh-agrawal
Business incubation rajesh-agrawalNIABI
 
Introduction to business incubation
Introduction to business incubationIntroduction to business incubation
Introduction to business incubationMark Long
 
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01Tarek Salah
 
Advanced learning loans Funding - a general update as of Feb 2016
Advanced learning loans Funding - a general update as of Feb 2016Advanced learning loans Funding - a general update as of Feb 2016
Advanced learning loans Funding - a general update as of Feb 2016The Pathway Group
 
NM Trailblazers_Mahindra Namaste
NM Trailblazers_Mahindra Namaste NM Trailblazers_Mahindra Namaste
NM Trailblazers_Mahindra Namaste Aashish Nakra
 
Education Angels Ver 1.0
Education Angels Ver 1.0Education Angels Ver 1.0
Education Angels Ver 1.0AkhilKishore
 
21st Century Jobs Fund 2008 Competition Update
21st Century Jobs Fund 2008 Competition Update21st Century Jobs Fund 2008 Competition Update
21st Century Jobs Fund 2008 Competition UpdateAnnArborSPARK
 
Why You Need An Incubator Feasibility Study!
Why You Need An Incubator Feasibility Study!Why You Need An Incubator Feasibility Study!
Why You Need An Incubator Feasibility Study!Mark Long
 
Alessandro Cortese - Business planning in associations, a theoretical approac...
Alessandro Cortese - Business planning in associations, a theoretical approac...Alessandro Cortese - Business planning in associations, a theoretical approac...
Alessandro Cortese - Business planning in associations, a theoretical approac...visitbrussels
 
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETY
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETYEXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETY
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETYCo-operatives
 
Business plan contests overview
Business plan contests overviewBusiness plan contests overview
Business plan contests overviewSoroosh Ebrahimi
 
A Business Plan for Your Nonprofit
A Business Plan for Your NonprofitA Business Plan for Your Nonprofit
A Business Plan for Your Nonprofit4Good.org
 
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)Patch of Land
 
Application for Participation
Application for ParticipationApplication for Participation
Application for ParticipationKen Anderson
 

What's hot (20)

Business incubation rajesh-agrawal
Business incubation rajesh-agrawalBusiness incubation rajesh-agrawal
Business incubation rajesh-agrawal
 
May supplement
May supplementMay supplement
May supplement
 
Grow_Adapt_or_Perish
Grow_Adapt_or_PerishGrow_Adapt_or_Perish
Grow_Adapt_or_Perish
 
Introduction to business incubation
Introduction to business incubationIntroduction to business incubation
Introduction to business incubation
 
David masai cv
David masai cvDavid masai cv
David masai cv
 
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01
IAMOT2009 UCFBIP Entrepreneurship Ecosystem case study-ed01
 
Top 7 singapore grants for companies
Top 7 singapore grants for companiesTop 7 singapore grants for companies
Top 7 singapore grants for companies
 
Advanced learning loans Funding - a general update as of Feb 2016
Advanced learning loans Funding - a general update as of Feb 2016Advanced learning loans Funding - a general update as of Feb 2016
Advanced learning loans Funding - a general update as of Feb 2016
 
NM Trailblazers_Mahindra Namaste
NM Trailblazers_Mahindra Namaste NM Trailblazers_Mahindra Namaste
NM Trailblazers_Mahindra Namaste
 
Education Angels Ver 1.0
Education Angels Ver 1.0Education Angels Ver 1.0
Education Angels Ver 1.0
 
21st Century Jobs Fund 2008 Competition Update
21st Century Jobs Fund 2008 Competition Update21st Century Jobs Fund 2008 Competition Update
21st Century Jobs Fund 2008 Competition Update
 
Why You Need An Incubator Feasibility Study!
Why You Need An Incubator Feasibility Study!Why You Need An Incubator Feasibility Study!
Why You Need An Incubator Feasibility Study!
 
Alessandro Cortese - Business planning in associations, a theoretical approac...
Alessandro Cortese - Business planning in associations, a theoretical approac...Alessandro Cortese - Business planning in associations, a theoretical approac...
Alessandro Cortese - Business planning in associations, a theoretical approac...
 
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETY
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETYEXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETY
EXAMPLE OF A SWOT ANALYSIS OF A SACCO SOCIETY
 
Business plan contests overview
Business plan contests overviewBusiness plan contests overview
Business plan contests overview
 
Begg
BeggBegg
Begg
 
A Business Plan for Your Nonprofit
A Business Plan for Your NonprofitA Business Plan for Your Nonprofit
A Business Plan for Your Nonprofit
 
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)
Virtual Business Incubator Ecosystem - Business Model Canvass (SAAS / PAAS)
 
Lsc Presentation
Lsc PresentationLsc Presentation
Lsc Presentation
 
Application for Participation
Application for ParticipationApplication for Participation
Application for Participation
 

Viewers also liked

Petefish Law - Joint Venturing & Teaming Presentation
Petefish Law - Joint Venturing & Teaming PresentationPetefish Law - Joint Venturing & Teaming Presentation
Petefish Law - Joint Venturing & Teaming Presentationevanfas
 
William Fisher | Putting Together Small Business Teams
William Fisher | Putting Together Small Business TeamsWilliam Fisher | Putting Together Small Business Teams
William Fisher | Putting Together Small Business TeamsElyk Venture Management
 
Joint Ventures and Teaming Agreements in Federal Contracting
Joint Ventures and Teaming Agreements in Federal ContractingJoint Ventures and Teaming Agreements in Federal Contracting
Joint Ventures and Teaming Agreements in Federal ContractingAndrea Contres Moore, MBA
 
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD Program
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD ProgramSBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD Program
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD ProgramMark Amadeo
 
Apresentação - DJ Iana
Apresentação - DJ IanaApresentação - DJ Iana
Apresentação - DJ IanaIana Fialho
 
College mentors for kids presentation
College mentors for kids presentationCollege mentors for kids presentation
College mentors for kids presentationKacey Auletto
 
Adesa Public And Wholesale Auctions Selling Privately
Adesa Public And Wholesale Auctions   Selling PrivatelyAdesa Public And Wholesale Auctions   Selling Privately
Adesa Public And Wholesale Auctions Selling Privatelysteveadmin
 
Tedbundy 110428112837-phpapp01
Tedbundy 110428112837-phpapp01Tedbundy 110428112837-phpapp01
Tedbundy 110428112837-phpapp01bundy555
 
Purchases and human resources
Purchases and human resourcesPurchases and human resources
Purchases and human resourcesstalkers2002
 
Bir TÜRK Dünyaya Bedel.
Bir TÜRK Dünyaya Bedel.Bir TÜRK Dünyaya Bedel.
Bir TÜRK Dünyaya Bedel.M.Ekinciel
 
Standard Grade Admin.
Standard Grade Admin.Standard Grade Admin.
Standard Grade Admin.LaurenH__xx
 
Introduction to BizFuel
Introduction to BizFuelIntroduction to BizFuel
Introduction to BizFuelnmarkwells
 
จรรยบรรณธุรกิจ
จรรยบรรณธุรกิจจรรยบรรณธุรกิจ
จรรยบรรณธุรกิจhanwander
 
Adesa Public And Wholesale Auctions Selling Privately
Adesa Public And Wholesale Auctions   Selling PrivatelyAdesa Public And Wholesale Auctions   Selling Privately
Adesa Public And Wholesale Auctions Selling Privatelysteveadmin
 

Viewers also liked (20)

Petefish Law - Joint Venturing & Teaming Presentation
Petefish Law - Joint Venturing & Teaming PresentationPetefish Law - Joint Venturing & Teaming Presentation
Petefish Law - Joint Venturing & Teaming Presentation
 
William Fisher | Putting Together Small Business Teams
William Fisher | Putting Together Small Business TeamsWilliam Fisher | Putting Together Small Business Teams
William Fisher | Putting Together Small Business Teams
 
Mentor protege regulations
Mentor protege regulationsMentor protege regulations
Mentor protege regulations
 
Joint Ventures and Teaming Agreements in Federal Contracting
Joint Ventures and Teaming Agreements in Federal ContractingJoint Ventures and Teaming Agreements in Federal Contracting
Joint Ventures and Teaming Agreements in Federal Contracting
 
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD Program
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD ProgramSBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD Program
SBA New Rules on Mentor-Protege Program, Joint Venture & 8(a) BD Program
 
Apresentação - DJ Iana
Apresentação - DJ IanaApresentação - DJ Iana
Apresentação - DJ Iana
 
College mentors for kids presentation
College mentors for kids presentationCollege mentors for kids presentation
College mentors for kids presentation
 
Adesa Public And Wholesale Auctions Selling Privately
Adesa Public And Wholesale Auctions   Selling PrivatelyAdesa Public And Wholesale Auctions   Selling Privately
Adesa Public And Wholesale Auctions Selling Privately
 
Kalimat
KalimatKalimat
Kalimat
 
Tedbundy 110428112837-phpapp01
Tedbundy 110428112837-phpapp01Tedbundy 110428112837-phpapp01
Tedbundy 110428112837-phpapp01
 
Earth Stream Global
Earth Stream GlobalEarth Stream Global
Earth Stream Global
 
Cs 02 introducao_html
Cs 02 introducao_htmlCs 02 introducao_html
Cs 02 introducao_html
 
Purchases and human resources
Purchases and human resourcesPurchases and human resources
Purchases and human resources
 
Departments.
Departments.Departments.
Departments.
 
Utkarsh
UtkarshUtkarsh
Utkarsh
 
Bir TÜRK Dünyaya Bedel.
Bir TÜRK Dünyaya Bedel.Bir TÜRK Dünyaya Bedel.
Bir TÜRK Dünyaya Bedel.
 
Standard Grade Admin.
Standard Grade Admin.Standard Grade Admin.
Standard Grade Admin.
 
Introduction to BizFuel
Introduction to BizFuelIntroduction to BizFuel
Introduction to BizFuel
 
จรรยบรรณธุรกิจ
จรรยบรรณธุรกิจจรรยบรรณธุรกิจ
จรรยบรรณธุรกิจ
 
Adesa Public And Wholesale Auctions Selling Privately
Adesa Public And Wholesale Auctions   Selling PrivatelyAdesa Public And Wholesale Auctions   Selling Privately
Adesa Public And Wholesale Auctions Selling Privately
 

Similar to The SBA Mentor Mentor-Protégé Program

Gabm Corporate Activities And Participation Procedures
Gabm Corporate Activities And Participation ProceduresGabm Corporate Activities And Participation Procedures
Gabm Corporate Activities And Participation ProceduresDominic A Ienco
 
Class Dismissed: Now How Do We Execute?
Class Dismissed: Now How Do We Execute?Class Dismissed: Now How Do We Execute?
Class Dismissed: Now How Do We Execute?Human Capital Media
 
Germanna mp brief june 2011
Germanna mp brief june 2011Germanna mp brief june 2011
Germanna mp brief june 2011Cheri Ober
 
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...Muhammad Putra
 
Mechanics of the SBIR/STTR Program
Mechanics of the SBIR/STTR ProgramMechanics of the SBIR/STTR Program
Mechanics of the SBIR/STTR ProgramRobert E Jones
 
141016 - PFI Brochure Final
141016 - PFI Brochure Final141016 - PFI Brochure Final
141016 - PFI Brochure FinalCarole Ramella
 
From Grant Dependent to Profit Centre
From Grant Dependent to Profit CentreFrom Grant Dependent to Profit Centre
From Grant Dependent to Profit CentreNaseha Sameen
 
How to Fund my Organisation, Not Projects
 How to Fund my Organisation, Not Projects How to Fund my Organisation, Not Projects
How to Fund my Organisation, Not ProjectsMzN International
 
Agent programs Full original
Agent programs Full originalAgent programs Full original
Agent programs Full originalJohn Ivan
 
importance of Business plan in entrepreneurship
 importance of Business plan in entrepreneurship importance of Business plan in entrepreneurship
importance of Business plan in entrepreneurshipNeha Chouhan
 
Affiliate program.pdf
Affiliate program.pdfAffiliate program.pdf
Affiliate program.pdfpersonal
 
The Hatch Startup Accelerator Program Brochure
The Hatch Startup Accelerator Program BrochureThe Hatch Startup Accelerator Program Brochure
The Hatch Startup Accelerator Program BrochureThe Hatch
 
Innovation fund call round 2 final
Innovation fund call round 2 finalInnovation fund call round 2 final
Innovation fund call round 2 finalA4GG
 
Haggai prospectus2018b-rgb copy
Haggai prospectus2018b-rgb copyHaggai prospectus2018b-rgb copy
Haggai prospectus2018b-rgb copyTjoh
 
Portfolio analysis-matrix-explanation-and-questionnaire
Portfolio analysis-matrix-explanation-and-questionnairePortfolio analysis-matrix-explanation-and-questionnaire
Portfolio analysis-matrix-explanation-and-questionnaireKumara Swamy Mudiraj Jeekuru
 

Similar to The SBA Mentor Mentor-Protégé Program (20)

Gabm Corporate Activities And Participation Procedures
Gabm Corporate Activities And Participation ProceduresGabm Corporate Activities And Participation Procedures
Gabm Corporate Activities And Participation Procedures
 
Class Dismissed: Now How Do We Execute?
Class Dismissed: Now How Do We Execute?Class Dismissed: Now How Do We Execute?
Class Dismissed: Now How Do We Execute?
 
Germanna mp brief june 2011
Germanna mp brief june 2011Germanna mp brief june 2011
Germanna mp brief june 2011
 
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...
The Marketing Plan, The Organizational Plan & The Financial Plan from Entrepr...
 
Mechanics of the SBIR/STTR Program
Mechanics of the SBIR/STTR ProgramMechanics of the SBIR/STTR Program
Mechanics of the SBIR/STTR Program
 
141016 - PFI Brochure Final
141016 - PFI Brochure Final141016 - PFI Brochure Final
141016 - PFI Brochure Final
 
From Grant Dependent to Profit Centre
From Grant Dependent to Profit CentreFrom Grant Dependent to Profit Centre
From Grant Dependent to Profit Centre
 
How to Fund my Organisation, Not Projects
 How to Fund my Organisation, Not Projects How to Fund my Organisation, Not Projects
How to Fund my Organisation, Not Projects
 
Agent programs Full original
Agent programs Full originalAgent programs Full original
Agent programs Full original
 
FundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptxFundReady Orientation No.1 of 4 2023.pptx
FundReady Orientation No.1 of 4 2023.pptx
 
Hope this helps
Hope this helpsHope this helps
Hope this helps
 
importance of Business plan in entrepreneurship
 importance of Business plan in entrepreneurship importance of Business plan in entrepreneurship
importance of Business plan in entrepreneurship
 
Affiliate program.pdf
Affiliate program.pdfAffiliate program.pdf
Affiliate program.pdf
 
The Hatch Startup Accelerator Program Brochure
The Hatch Startup Accelerator Program BrochureThe Hatch Startup Accelerator Program Brochure
The Hatch Startup Accelerator Program Brochure
 
Management Sciences
Management SciencesManagement Sciences
Management Sciences
 
Innovation fund call round 2 final
Innovation fund call round 2 finalInnovation fund call round 2 final
Innovation fund call round 2 final
 
Nonprofit Business Plans
Nonprofit Business PlansNonprofit Business Plans
Nonprofit Business Plans
 
Resume
ResumeResume
Resume
 
Haggai prospectus2018b-rgb copy
Haggai prospectus2018b-rgb copyHaggai prospectus2018b-rgb copy
Haggai prospectus2018b-rgb copy
 
Portfolio analysis-matrix-explanation-and-questionnaire
Portfolio analysis-matrix-explanation-and-questionnairePortfolio analysis-matrix-explanation-and-questionnaire
Portfolio analysis-matrix-explanation-and-questionnaire
 

Recently uploaded

FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionMintel Group
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024Matteo Carbone
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncrdollysharma2066
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 

Recently uploaded (20)

FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted Version
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 

The SBA Mentor Mentor-Protégé Program

  • 1. The SBA Mentor-Protégé Program Small Businesses Working Together for a Brighter Future
  • 2. The SBA Mentor- Protégé Program The SBA Mentor-Protégé Program is a SBA and government sponsored program for small businesses. • It is under the SBA’s 8(a) Business Development Program • Participants involved are successful small business owners (as mentors) and novice small business owners (as protégés). • The program is designed to encourage and attract mentors that will provide assistance to disadvantaged firms (protégés). • The program develops an established relationship between two small businesses owners that can help each other. Simply, it is a partnership between two businesses owners facilitated by the SBA.
  • 3. The SBA Mentor- Protégé Program • The partnership is bonded by a written agreement between the SBA, the mentor and the protégé. The SBA acts as an overseer of the program and the process. • The program has four areas of coverage – management and technical, financial, public procurement, access and qualification for third party opportunities. • In a nutshell, the SBA and the program goals are mostly centered on the protégé. Before the actual implementation, a customized program is made for the protégé that should be followed by the mentor.
  • 4. Program Goals The program’s goals include • Equipping small business owners in running and maintain a small business • Developing the protégée’s skills and capabilities for public procurement • Assisting the protégés to be competitive, successful and contribute to their industry and over-all economy
  • 5. Assistance/Benefits 1. Technical and management assistance – given using the mentor’s experience, expertise, capabilities and resources. - Mentors are free to dispense all relative knowledge they have accumulated to the protégé to give them advantages in real-life situations.
  • 6. Assistance/Benefits contd. 2. Tips and tricks in Contracting (particularly in Government Procurement) - basic and technical aspect of procurement to the protégés. - mentors can partner or join with their protégés in real procurement projects - With the SBA, it is likely that the context of government procurement that will be worked on by both mentor and protégé.
  • 7. Assistance/Benefits contd. 3. Financial assistance (loans and equity) - a mentor firm can loan the protégé firm for its financial needs - acquire some equity (or ownership of the protégé firm to help to raise capital or counter any financial problems that the protégé firm faces.
  • 8. Assistance/Benefits contd. 4. Access and qualification for other opportunities. - If the protégé firm shows promise and development during the course of the program, it can be eligible and qualified to other SBA programs. - The SBA can also offer more assistance for the firm. Aside from the SBA, the mentor firm can recommend the protégé firm to other opportunities like corporate and private clients.
  • 9. Getting In Interested parties (both mentor and protégés) can search for information about this program on the SBA’s official site: sba.gov • Information can also be gathered from SBA offices. Enrollment and application to the program is also handled by an SBA office, often the SBA District Office. • Both protégés and mentors need to apply and be approved by the SBA.
  • 10. Getting In contd. • The SBA binds the two parties with a written agreement. The agreement should specify the protégé’s needs that needed addressing and the mentor’s commitment to the partnership. • The SBA only allows a one-to-one ratio of mentor and protégé. This approach is adopted to make sure that the partnership creates trust, understanding and support from each other. • The partnership is reviewed yearly by the SBA to ensure its progress and success.
  • 11. How to be a Protégé • Protégés need to be in the developmental stage when applying to the Mentor-Protégé Program • The firm’s owner should have no history of receiving a contract via the SBA • The firm should have termination or suspension proceedings • The firm’s size should be half or less compared to the size of a small business in a particular industry • The firm should have a good reputation in the SBA’s view and complies with all reporting requirements
  • 12. How to be a Mentor In this program, a mentor is • A small or large business owner • A firm that finished or in a transitional the 8(a) BD program • The firm should have a good finical health (or profitable) for the last two years or so • A contractor to the federal government with a good reputation
  • 13. How to be a Mentor contd. • Can make the commitment to the protégé and the program for a year at least • Able to support the protégé for at least a year, teach about matters involving small business management, the 8(a) Business Development program and government contracting
  • 14. SBA’s Role • Provide an environment for both mentors and protégé • Provide valuable resources like financial assistance • Protégés and mentors are able to seek out other SBA programs that might benefit them • Assess and respond to developmental needs of the program’s protégés • Evaluate the progress and development of the partnership
  • 15. SBA’s Role contd. • Decline the program to a firm or a mentor for a protégé • Notify the mentor of possible termination of the partnership • Terminate the partnership