Mentor-Protégé Program
Overview
The State of Texas Mentor Protégé Program is designed to foster relationships between prime contractors and Historically Underutilized Businesses (HUBs). The purpose of the Mentor Protégé Program is for the mentor to offer professional guidance and support to the protégé (HUB) in order to facilitate their growth and development and increase HUB contracts and subcontracts with the State Agencies.
The mentor protégé relationship is mutually beneficial since mentors can use their protégés to fulfill HUB subcontracting plan requirements when bidding on state contracts with expected values of $100,000 or more. It is advantageous to build a partnership prior to a solicitation or contract award to establish confidence in performance.
Mentor-Protégé Program Goals:
- Motivate and encourage mentors to provide developmental assistance to protégés
- Maximize HUB access to Texas State University’s procurement opportunities
- Foster long-term business relationships
- Enhance HUBs core capabilities
- Increase subcontracting opportunities
Benefits to Mentor:
- Goodwill and corporate responsibility (mentors receive no financial incentive for participation)
- Long-term relationship with a potential subcontractor
- Develop innovative approaches and technology
- Fulfill good faith effort requirements for solicitations by utilizing your protégé
Benefits to Protégé:
- Business and/or financial management
- Business planning and projections
- Business Development
- Long-term relationship with a prime vendor
- Develop innovative approaches and technology
- Develop strong business capabilities to compete for state contracts