The SBA Mentor Mentor-Protégé Program
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The SBA Mentor Mentor-Protégé Program

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Small Businesses Working Together for a Brighter Future ...

Small Businesses Working Together for a Brighter Future
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.

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The SBA Mentor Mentor-Protégé Program The SBA Mentor Mentor-Protégé Program Presentation Transcript

  • 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