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January 3, 2012 > Fremont man wins SBA award

Fremont man wins SBA award

Submitted By Robert Borden

Somesh Kumar, a software developer from Fremont, Calif., won first prize and $5,000 in a nationwide competition sponsored by the U.S. Small Business Administration for developing a new electronic application that quickly and efficiently finds loans, grants, and other useful small business resources for entrepreneurs. The competition and resulting seven apps are meant to put new and useful web tools at the fingertips of growing entrepreneurs.

Kumar competed in the SBA's "Apps for Entrepreneurs Challenge," a competition for tech-savvy developers to build new and useful web tools for small businesses and entrepreneurs.

As a result, entrepreneurs can reach for their smartphone or tablet and search federal, state and local databases for vital information by using one of seven award-winning apps.

"It was a great learning experience to participate in SBA's Apps for Entrepreneurs Challenge and to create SBA Gems," said Kumar, whose winning app can be downloaded at "SBA Gems" at entrepreneurs.challenge.gov/submissions/5458.

The SBA competition produced seven winners - one First Place winner ($5,000), three Second Place winners ($3,000 each), and three Third Place winners ($2,000 each) for a total of $20,000 in prize money - as follows (all seven apps can be downloaded from SBA's web site, with URLs listed below):

First Place
SBA Gems - Find loans, grants permits etc.
Developer - Somesh Kumar, Freemont, California entrepreneurs.challenge.gov/submissions/5458

Second Place
CapitaList - Find federal databases for licenses, awards, proposals and websites.
Developer - Muneeb Akhter, Springfield, Virginia
entrepreneurs.challenge.gov/submissions/5464

Small Business Toolbox - Find small business programs, SBA offices etc.
Developer -- Joseph Blough, Dexter, Michigan
entrepreneurs.challenge.gov/submissions/5450

SBA Loan Search App -- Find loans, venture capital, tax incentives etc.
Developer - Richard Murphy, Silver Spring, Maryland
entrepreneurs.challenge.gov/submissions/5462

Third Place
Energy SBA - Find property rights, oil and gas leases, solar etc.
Developer - Robert Grogan, Eden Prairie, Minnesota
entrepreneurs.challenge.gov/submissions/5470

SB Alert - Find contracting opportunities and get push notification.
Developers - Ben McGinnis and Team, Fairfax, Virginia
entrepreneurs.challenge.gov/submissions/5445

Every Thing For The Entrepreneur - Find SBIR solicitations and more.
Developer - Edwardo Martinez, San Francisco, California
entrepreneurs.challenge.gov/submissions/5469

These new mobile apps complement SBA's mobile application created for iPhone in partnership with Palo Alto Software. Users can employ the SBA app to find local Small Business Administration-affiliated advisers and get free, personal, one-on-one help with starting and growing their businesses.

The SBA mobile app also features a built-in startup cost calculator to help estimate the costs associated with getting a business off the ground, plus an SBA partner locator to help users find SBA offices, Small Business Development Centers, Women's Business Centers and SCORE.

Users will also have mobile access to SBA video content and social media alerts to provide them with tips on the go. This will include live updates from the SBA's YouTube channel and from SBA's Twitter feeds. The free mobile app can be downloaded from the SBA's website at sba.gov/content/sba-mobile-app.

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