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A bureau within the U.S. Department of Commerce
OIE Background

Innovation and
Entrepreneurship

About OIE

Established by the America COMPETES Reauthorization Act of 2010 and housed within the Economic Development Administration (EDA), the Office of Innovation and Entrepreneurship (OIE) aims β€œto foster innovation and the commercialization of new technologies, products, processes, and services with the goal of promoting productivity and economic growth in the United States.”

OIE operates two primary initiatives that focus on increasing the rate at which innovations, including Federally-funded research, are translated into jobs and economic growth and on promoting and supporting high-growth entrepreneurship:

OIE Initiatives and Goals: Regional Innovation Strategies, Interagency I&E Collaboration, National Advisory Committee on Innovation and Entrepreneurship

Grant Competitions

The Regional Innovation Strategies (RIS) Program, a catalytic national grant program focused on regional capacity-building.

  • i6 Challenge - Funding to build regional capacity to translate ideas and inventions into products, services, companies, and jobs.
  • Seed Fund Support - Funding to support availability of and access to regional risk capital for early-stage companies.

Federal Advisory Committee

The National Advisory Committee on Innovation and Entrepreneurship (NACIE), a Federal advisory committee chaired by the Secretary of Commerce.

In addition, OIE provides ad hoc policy expertise on innovation, technology commercialization, and high-growth entrepreneurship to other agencies and the White House and through various fora within and beyond the Federal government.

Need help? Contact the OIE Team