1. Short title This Act may be cited as the Increasing and Developing Entrepreneurship Access Act of 2023 or the IDEA Act of 2023 . 2. Grants to provide minority business enterprises access to entrepreneurship opportunities (a) Establishment Not later than 180 days after the date of the enactment of this section, the Under Secretary of Commerce for Minority Business Development shall establish a program to provide grants to business accelerator entities to provide entrepreneurship opportunities to minority business enterprises. (b) Application The Under Secretary may provide a grant under this section to a business accelerator entity only if the entity submits to the Under Secretary an application at such time, in such manner, and containing such information as the Under Secretary may reasonably require. (c) Amount and duration The amount of a grant provided under this section shall be $1,000,000 each year for five consecutive years. (d) Federal share The Federal share of a grant provided this section to a business accelerator entity may not exceed 75 percent of the total amount of funds provided by the entity to carry out activities using grant funds. (e) Use of funds (1) In general A grant provided under this section shall be used by a business accelerator entity to provide— (A) capital, including direct cash transfers of grant funds, to minority business enterprises in the region; (B) networking programs that connect minority business enterprises to sources of capital and innovation in the region