Glossary term
SBA Mentor-Protégé Program
An SBA program allowing a large mentor to assist a small protégé, including through a joint venture that retains small-business status.
Under an SBA-approved Mentor-Protégé Agreement, a mentor provides technical, management, and financial assistance to a protégé, and the two may form a joint venture that can compete for small-business set-asides without the mentor's size disqualifying it. It is one of the most powerful growth mechanisms available to a small federal contractor, and it requires SBA approval before the benefits apply.
Categories
- business
- set-asides
Related terms
- Joint Venture (JV)A separate legal entity formed by two or more firms to pursue and perform contracts together.
- AffiliationAn SBA concept where the size of related businesses is combined, potentially disqualifying a firm from small-business status.
- 8(a) Business Development ProgramSBA program that helps socially and economically disadvantaged small businesses compete for sole-source and set-aside contracts.