Mobispectra Technologies LLC

Riding what appears to be a growing groundswell of federal government innovation competitions, the Small Business Administration has awarded a first-place prize of $5,000 to a Silicon Valley software developer for a smartphone or tablet application that lets users quickly find loans, grants, permits and other useful resources for small businesses.

The winner of SBA’s “Apps for Entrepreneurs Challenge,” Somesh Kumar, is the founder of Mobispectra Technologies LLC, a Fremont, Calif., firm that creates applications for smartphones, tablets and other mobile devices. The company’s aim is “to embrace innovation and take challenges to solve human problems with simplest technology,” according to its Web site. (The winning SBA app can be downloaded at “SBA Gems” at entrepreneurs.challenge.gov/submissions/5458. Keep reading →