U.S. Secretary of Commerce Penny Pritzker announced $10 million in funding opportunities through the Economic Development Administration’s 2015 Regional Innovation Strategies (RIS) Program.
The i6 Challenge funds organizations that help innovators and entrepreneurs turn innovations, ideas, intellectual property, and research into viable, sustainable companies, and Seed Fund Support Grants which funds regionally-focused seed capital funds that provide early-stage capital to innovation-based startups with a potential for high growth.
“As America’s Innovation Agency, the Commerce Department is committed to supporting the innovators and job creators of tomorrow” said Secretary Pritzker. “The Regional Innovation Strategies Program competition will build the capacity for innovation and entrepreneurship in regions all across America and ultimately strengthen our nation’s competitiveness.”
EDA’s 2014 i6 and Seed Fund Support Grant awardees were announced in March 2015. Seventeen organizations received i6 Challenge grants ranging from $148,600 to $500,000 while nine others received Seed Fund Support Grants ranging from $71,625 to $250,000.
This year’s program includes $10 million in funding for the following programs:
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