![]() ![]() ![]() Business development, including strategy and identifying contracting and partnership opportunities.Education about international trade, strategic planning, and finding markets.Assistance navigating federal contract bidding, acquisition, and the federal procurement process.Financial assistance in the form of equity investments, loans, and bonding.Guidance on internal business management systems, accounting, marketing, manufacturing, and strategic planning.Protégés can get valuable business development help from their mentors in several areas, including: Changes to the joint venture review and approval process.New and updated tools to encourage participation in the MPP.Mentor-protégé agreement clarifications of Title 13 Part 125.9 of the Code of Federal Regulations (CFR).Requires less SBA involvement for joint venturesīeyond merging the two programs, the final ruling includes changes to:.Streamlines the new program while keeping the same benefits as the two former programs.Removes the need for businesses to choose between two mentor-protégé programs.Given the programs’ identical purpose and benefits to participating businesses, the merger into one program makes it easier for eligible businesses to navigate, saving both time and resources. The implementing regulations can be found in the Federal Register.īoth former programs helped eligible small businesses (protégés) gain capacity and win government contracts through partnerships with more experienced companies (mentors). Market research and competitive analysisĪs of November 16, 2020, the 8(a) Mentor-Protégé program and the All Small Mentor-Protégé program have merged into one SBA Mentor-Protégé program (MPP).The goal is to help small businesses enhance their capabilities, gain access to new opportunities, and improve their ability to compete for government contracts. You can find more information about the All Small Mentor-Protégé Program, its eligibility criteria, and the application process on the SBA's official website. This program aims to encourage the development of mentor-protégé relationships between small businesses and larger, more experienced firms. Small Business Administration (SBA) has a program called the All Small Mentor-Protégé Program (ASMPP). This mutually beneficial partnership ultimately helps both mentor and protégé thrive in the construction industry. Why should I build a Mentor-Protégé Relationship?īy establishing a strong mentor-protégé relationship, small contractors can fast-track their business development, strengthen their capabilities, and gain a competitive edge in the market. The protégé, in turn, benefits from the mentor's experience and connections, leading to potential new opportunities and growth for both parties. This can include sharing insights on bidding processes, project management, financial planning, and technical expertise. ![]() ![]() In this relationship, the mentor provides guidance, advice, and support to the protégé, helping them navigate the challenges of the construction industry and grow their business. This relationship is designed to help the protégé gain valuable knowledge, skills, and resources from the mentor, while the mentor gains the opportunity to expand their network, give back to their industry, and potentially collaborate on projects with the protégé. A mentor-protégé relationship is a valuable partnership between an experienced contractor (mentor) and a smaller, less experienced contractor (protégé). ![]()
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