Cic Innovation Services, LLC

The Mbda Capital Readiness Program (program) Is Designed to Help Close the Entrepreneurship Gap Between Socially and Economically Disadvantaged Individuals (SEDI) and Non-sedi. the Recipients Are Were Selected to: (1) Help Sedi Entrepreneurs Build Capacity; (2) Attract and Provide Access to Capital Opportunities; and (3) Attract and Provide Access to Networks. the Proposed Activities May Resemble the Service Models of Incubators (focusing on Early-stage Technical Assistance for New Entrepreneurs) or Accelerators (providing Emerging-stage Technical Assistance to Businesses Ready to Expand or Scale), or Provide a Combination of Both Service Models.

Committed

$2.2 Million

Paid to

UEI K1TVN7KCPE59

One Broadway, 14TH Floor, Cambridge, MA, 02142

Department of Commerce

Minority Business Development Agency

Place

CAMBRIDGE, MA, UNITED STATES

MA-07

Performance

Sep 1, 2023 → Aug 31, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · cooperative agreement (b)

Department of Commerce

Minority Business Development Agency

MBDA Capital Readiness Program to

Cic Innovation Services, LLC

Committed

$2.2 Million

Paid to

Cic Innovation Services, LLC

UEI K1TVN7KCPE59

One Broadway, 14TH Floor, Cambridge, MA, 02142

Department of Commerce

Minority Business Development Agency

Place

CAMBRIDGE, MA, UNITED STATES

MA-07

Performance

Sep 1, 2023 → Aug 31, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗