Lehigh Valley LaunchBox (LVLB) is accepting applications for small business micro-grants through Oct. 18.

Interested entrepreneurs and startups are eligible for accelerator awards through a competitive selection process led by a committee of university and community stakeholders. Applications are available online.

The number of projects selected depends on the number of applicants and the amount of funds requested. More than 30 portfolio projects are already active as part of LVLB.

“Our goal through Lehigh Valley LaunchBox is for Penn State Lehigh Valley to help create jobs, stimulate economic development and set students up for career success,” said Tina Q. Richardson, chancellor of Penn State Lehigh Valley.

Grant recipients benefit from free co-working and meeting space at Velocity, 532 Hamilton St., Allentown; professional development; consultation and research resources; mentorships from local entrepreneurs; business planning; and, Penn State alumni and legal services.

Candidates are evaluated on criteria including: a scalable business model; team commitment; technical readiness; market awareness; existing or potential intellectual property; existing funding; and, connection to community engagement.

The LVLB awards committee selects the top proposals for consideration and invites individuals and teams to present their ideas in person or via Skype for final selection. Awardees will be announced the week of Nov. 6.

Information: Lehigh Valley LaunchBox website; LVLaunchBox@psu.edu; email Valerie Peters at vpeters@psu.edu.