The new All Small Mentor-Protégé Program
This is the new All Small Mentor-Protégé Program that allowed every small business in the US to bypass this clause!
HOW DID IT HAPPEN?
Most small businesses certifications used to cannot partner with a huge firm for a million dollar contract because when the revenues of the two companies are combined, it will be outside of the government’s small business standard.
The only small business program that can bypass this affiliation clause for set-asides was the 8a program.
However, with the new All Small Mentor-Protégé Program under the 2010 Small Business Jobs Act and the 2013 National Defense Authorization Act (NDAA) that was created by the government on August 24, 2016, every small business can take advantage of this opportunity.
Do you even know what this means? It means that every small business has the chance to bypass the affiliation clause for set-asides that hinders them to gain a multi-million dollar opportunity through joint venture, partnership, and the likes.
“Every small business has the chance to compete on the same scale as large multinational firms.”
So now what we find is that this new program levels the playing field. It provides a pathway for new upstart firms (like SpaceX a few years back) to break into established markets that previously they had no access to.
HOW TO TAKE ADVANTAGE OF IT?
So, how does this new All Small Mentor-Protégé Program work and how can you take full advantage of it? Well, let me break it down for you.
With this new All Small Mentor-Protégé Program, you can leverage the opportunity to bypass the strict guidance of maintaining a small business status while partnering or doing joint ventures with a national firm (as long as your joint venture was supported by an approved mentor-protégé agreement).
You just have to be a small business in order to be in this program and you can approach a specific huge firm that is qualified, competent, has the bonding, has the financial resources, and has the teams to do business with you.
WHAT VALUE CAN YOU BRING?
Now, how can you encourage these large firms to work with you? Well, you have this vehicle right now.
Consider that without you, they would not, on a normal basis, have the ability to pursue these regular small business projects.
“You have the opportunity that only a small business can do.”
So, after approaching them with the opportunity, you can do teaming, joint venture, or have them as a mentor partner in that particular opportunity and then you create a mentor-protégé agreement in place to pursue that multi-million contract opportunity.
Now, this means that if you’re sophisticated and understand federal procurement, your potential opportunities just skyrocketed.
“No need to focus your efforts on becoming certified as the only means of breaking into the federal marketplace. The government just gave you another avenue to pursue in a big way!”
Hence, if you want to learn more about how you can take advantage of these potential opportunities in the federal marketplace, join us here at GovCon Giants. Just visit our website and social media platforms or the new GovCon Edu where you learn everything about government contracting!
If you also want to gain more perspective on this concept, then be sure to click the resources down below.
All Small Mentor Protege Program | Govcon Training Day 1
How NOT to be taken Advantage of by All Small Mentor Protege Program
06: Joint Venture and Mentor Protégé Guru