What is a mentor protege agreement?
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What is a mentor protege agreement?
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- …
How many proteges can a mentor have SBA?
three protégés
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.
What is the purpose of the DoD mentor protégé program?
The Department of Defense (DoD) Mentor-Protégé Program (MPP) provides incentives to major DoD contractors to furnish disadvantaged small business concerns with assistance designed to enhance their capabilities to perform as subcontractors and viable suppliers under DoD Contracts and other Federal Government and …
How long does a mentor protege agreement last?
six years
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.
What is the difference between protege and mentee?
Mentee: One who is being mentored. Protégé: One who is protected or trained or whose career is furthered by a person of experience, prominence or influence.
Is a joint venture the same as a mentor protege?
Note: The difference between joint venture and All Small Mentor-Protégé is that joint ventures are formed with another small business and there is no limited to the number that may be formed, while All Small Mentor-Protégé Agreements are generally formed with a large business and are specific to the mentor’s primary …
How long is a mentor protege relationship?
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.
How many mentors can a protege have?
two mentors
A protégé may have two mentors at the same time—as long at those relationships do not conflict or compete with each other. However, a protégé can have no more than two mentors over the life of the business.
What makes a good protege?
Your protégé will learn more if you create a relationship that is safe and comfortable. Be authentic, open, and sincere. Your rank or position is your greatest liability—act more like a friend than a boss. Great listening comes from genuine curiosity and obvious attentiveness.
How many jvs can a mentor have?
Mentors are limited to no more than three protégés at a time. A protégé may have only one mentor at a time, though the SBA may approve a second mentor in some cases. A protégé firm is limited to two mentors over the course of its lifetime. Once the MPA is approved, the two companies may create a joint venture.
How many mentees should a mentor have?
Mentors may have more than one but not more than two mentees. Q: How often should I meet with my mentee? A: You should schedule and keep at least one meeting with your mentee each month for the first six months. Plan each meeting for a minimum of one hour.
What mentees should do?
Here are ten actions for mentees to consider:
- Drive the relationship. Mentees should drive the mentorship relationships.
- Balance formal and informal mentoring.
- Seek the most personal means to connect.
- Be courageous.
- Be clear about the ask.
- View feedback as a gift.
- Provide value.
- Be prepared.
How do you write a mentoring statement?
As a mentor, I strive to be open-minded, learn from my mentees, and accept differing opinions. I continually work towards creating a positive environment for all trainees by discussing a range of diversity, equity, and inclusion topics with the entire group.
Do and don’ts of a mentor?
How to be an effective mentor: 8 do’s and don’ts.
