Question 1

What happens if a mentor-protégé agreement is terminated?

Accepted Answer

If a mentor-protégé agreement is terminated, any JV formed under that agreement can no longer submit new offers on set-aside contracts using the size exemption. Existing contracts awarded to the JV can generally be completed. SBA must be notified of the termination within 10 business days. A protégé can seek a new mentor after termination, subject to SBA approval and the 10-year total participation limit.

Question 2

How long does a mentor-protégé relationship last?

Accepted Answer

SBA mentor-protégé agreements are approved for an initial term of up to three years. The agreement can be renewed for additional three-year terms if both parties agree and SBA approves. An SDVOSB protégé can participate in the program for a total of up to ten years across all mentor-protégé relationships. Annual reviews are required to assess whether the protégé is receiving the agreed developmental assistance.

Question 3

What is an approved mentor-protégé joint venture?

Accepted Answer

An approved mentor-protégé joint venture (MP JV) is a formally structured JV between an SBA-approved mentor (usually a large business) and its protégé (an SDVOSB). MP JVs receive special regulatory benefits: the JV is not subject to size affiliation with the mentor, and the JV's past performance counts for the protégé. The JV must be approved by SBA before submitting offers on set-aside contracts.

What happens if a mentor-protégé agreement is terminated?

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