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Regional Innovation Strategies (RIS)

U.S. Department of Commerce Invests $21 Million to Accelerate Entrepreneurship Across the Nation; Announces Timeline for Next Round of Regional Innovation Strategies Competition

Our Approach

Regional Innovation Strategies Infographic
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EDA’s Office of Innovation and Entrepreneurship (OIE) leads the Regional Innovation Strategies (RIS) Program. Under the RIS Program, the centerpiece of the Regional Innovation Program authorized under Section 27 of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. § 3722), EDA currently awards grants that build regional capacity to translate innovations into jobs (1) through proof-of-concept and commercialization assistance to innovators and entrepreneurs and (2) through operational support for organizations that provide essential early-stage risk capital to innovators and entrepreneurs.

Funding Opportunities:

  • FY18 i6 Challenge is a leading national initiative designed to support the creation of centers for innovation and entrepreneurship that increase the rate at which innovations, ideas, intellectual property, and research are translated into products, services, viable companies, and jobs.
  • FY18 Seed Fund Support Program provides funding for technical assistance to support the creation, launch, or expansion of equity-based, cluster-focused seed funds that invest regionally-managed risk capital in regionally-based startups with a potential for high growth.
  • RIS Highlights

    To stay up-to-date on the latest RIS program news, including announcements of any future funding opportunities, please check OIE's Highlights page regularly and sign up for EDA’s newsletter.

Office of Innovation and Entrepreneurship (OIE)

National Advisory Council on Innovation & Entrepreneurship (NACIE)

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