Archived Awards Content

Awards issued prior to 2025 represent actions taken during previous administrations and do not necessarily reflect current investment priorities.

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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