What is a mentor protege program?

The Mentor-Protégé program is designed to motivate and encourage large business prime contractor firms to provide mutually beneficial developmental assistance to small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, and women- …

What is the all small Mentor Protege Program?

The All Small Mentor-Protégé Program (“All Small”) is a small business development program administered by the U.S. Small Business Administration (“SBA”). The All Small program is modeled after the SBA’s original mentor-protégé program, which was reserved for small businesses in the 8(a) Business Development Program.

What are the mentoring benefits for the protege?

What are the benefits of mentoring? A mentoring relationship may focus on career or individual development. The benefits to a protégé can include learning about the museum field, improving their strengths, expanding their network, and having experiences that may lead to future career opportunities.

Can a mentor have more than one protege?

Generally, a mentor will have no more than one protégé at a time, but the SBA may authorize mentors to have more than one protégé at a time “where it can demonstrate that additional mentor-protégé relationship will not adversely affect the development of either protégé firm.”34 Mentors cannot, under any circumstances.

How long does a mentor protege relationship last?

Mentor-protégé duration A Mentor-Protégé Agreement may last up to six years from the date of SBA approval. If the initial mentor-protégé agreement is for less than six years, it may be extended by mutual agreement and notification to SBA prior to the expiration date.

Who selects the protege?

2. Mentor establishes a counterpart. The mentor is solely responsible for selecting the protégé.

How can I get the most from mentoring?

Top tips to get the most out of mentoring be open, honest and willing to trust your mentor’s advice. expect to be challenged and pushed out of your comfort zone – this is how you develop skills. expect to make some mistakes – you will learn from them. remember your mentor is volunteering their time so never waste it.

What makes a good mentor/mentee relationship?

Great mentor-mentee relationships are predicated on truth, trust, and honesty. In terms of communication, both the mentor and mentee must realize and respect each other’s differences in perspectives and truths.

Can 8 BD program participants participate in SBA’s Mentor-Protege Program?

13 CFR § 124.520 – Can 8 (a) BD Program Participants participate in SBA’s Mentor-Protégé program? § 124.520 Can 8 (a) BD Program Participants participate in SBA’s Mentor-Protégé program?

What is the Small Business Mentor-Protege Program?

The small business mentor-protégé program is designed to enhance the capabilities of protégé firms by requiring approved mentors to provide business development assistance to protégé firms and to improve the protégé firms’ ability to successfully compete for federal contracts.

What does the SBA ask of a protege?

SBA will ask the protégé for its assessment of how the mentor-protégé relationship is working, whether or not the protégé received the agreed upon business development assistance, and whether the protégé would recommend the mentor to be a mentor for another small business in the future.

What are the qualifications for a mentor protege?

MENTORS MUST: •Have favorable financial health. •Demonstrate good character. •Not appear on the Federal list of debarred or suspended contractors. •Demonstrate knowledge and ability to strengthen Protégé capabilities. 11 Qualifications for Protégés PROTÉGÉS MUST: •Be in good standing with at least six months remaining in the 8(a) program;

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