Rutgers EcoComplex gets EDA 2016 Regional Innovation Strategies (RIS) grant
U.S. Department of Commerce Invests $15 Million in Entrepreneurs Across the Nation to Move Ideas to Market, Promote American Innovation
U.S. Secretary of Commerce Penny Pritzker today announced 35 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 19 states will receive nearly $15 million to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program.
The diverse group of awardees, selected from a pool of more than 215 applicants, reach urban and rural areas across the United States, including the program’s first investments in historically black colleges and universities (HBCUs) in the South; a women-focused, early-stage capital fund in Texas; a Native American-centered, proof-of-concept program in Oklahoma; and urban innovation hubs honing in on fashion technology (New York) and social innovation (Louisiana). Additionally, six awards are being made in EDA’s Investing in Manufacturing Community Partnership regions.
Rutgers EcoComplex was awarded an i6 Challenge Investment grant - Ecolgnite: Clean Energy Proof of Concept Center and Accelerator Program ($439,190) to support clean energy start-ups and innovators.