Archived Awards Content
Awards issued prior to 2025 represent actions taken during previous administrations and do not necessarily reflect current investment priorities.
Black River Innovation Campus
|
Location |
Springfield, VT |
|
|---|---|---|
|
Build to Scale Program |
Venture Challenge |
|
|
Project Name |
Scaling a Successful Innovation Ecosystem through East Central Vermont |
|
|
Award Amount |
Federal Share |
Local Match |
|
$1.5 million |
$1.5 million |
The Black River Innovation Campus (BRIC) and the Green Mountain Economic Development Corporation (GMEDC) are partnering on a shared vision of Vermont's resilient economic future through support for technology entrepreneurs in the East Central Vermont Economic Development District (ECVEDD). This EDA investment will support a new project focused on scaling the network and support needed for technology startups to succeed in rural Vermont.
BRIC and GMEDC will execute a three-pronged strategy, which includes:1) BRIC scaling its successful Actuator technology entrepreneurship incubator/accelerator program from Springfield to Randolph while developing additional specializations in advanced manufacturing, cybersecurity, and medical technologies; 2) GMEDC launching an innovation and entrepreneurship hub in Randolph; and 3) BRIC and GMEDC executing regional strategies for ecosystem engagement to attract and retain entrepreneurs, investors, mentors, and workforce.