Ohio Aerospace Institute

Location

Brook Park, OH

Build to Scale Program

Venture Challenge

Project Name

Center for Advanced Air Mobility Initiative (CAAM-I)

Award Amount

Federal Share

Local Match

$750,000

$816,305

The Center of Advanced Air Mobility Initiative (CAAM-I) in Northeast Ohio will focus on diverse, small and medium-sized suppliers. Currently, minimal support resources exist in Northeast Ohio’s innovation ecosystem for established small minority business enterprises (MBEs) because many support organizations focus on assisting startup and early-stage companies. CAAM-I will support underrepresented and small businesses with potential to scale in the Advanced Air Mobility (AAM) sector using a three-pillar approach of initiatives to accelerate company growth:

  1. Education - focusing on business venture growth and transition;
  2. Commercialization - fostering new product and service development; and,
  3. Collaboration - facilitating partnership development.

This effort leverages technologies and expertise from key Northeast Ohio stakeholders including: aerospace, automotive and technology companies and startups; government agency labs such as the NASA Glenn Research Center; university researchers at academic institutions (including Case Western Reserve, Cleveland State, and Kent State), and industry members of Ohio Aerospace Institute and Manufacturing Works. CAAM-I expects to serve 90 companies and create 150 jobs over three to five years with MBEs representing 40 percent of companies served.

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