Mentor-Protege Program [Department of State] Law and Legal Definition
Mentor-Protege program is a Department of State initiative designed to motivate and encourage large business prime contractor firms to provide mutually beneficial developmental assistance to small businesses (SB), veteran-owned small businesses (VOSB), service-disabled veteran-owned small businesses (SDVOSB), HUBZone small businesses, small disadvantaged businesses (SDB), and women-owned small business concerns (WOSB).
The program is created to foster the establishment of successful long-term business relationships between State Department large prime contractors and small business subcontractors thereby improving the performance of both. The program is intended to strengthen subcontracting opportunities and accomplishments at the State Department.
Benefits of the program include:
a. to acquire an expanded base of qualified small businesses;
b. to strengthen subcontracting opportunities; and
c. to achieve a potential increase in small business program goal accomplishments.