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Giving back fund, inc.

Location

Los Angeles, CA

Project Name

Startup in Residence (STIR) Expansion Project

Program

i6

Award Amount

Federal Share

Non-Federal Share

$492,357.00

$533,300.00

City Innovate Foundation (CIF), a nonprofit that works with local government, private industry and academia to help address critical challenges through open innovation, will implement and launch the “STIR for Cities” program. This program will build on the success of the San Francisco regional program and expand it to a national network of regions that accelerate the commercialization of cutting-edge innovations in technology services to the public sector and expands entrepreneurial and investment opportunities within regions. The national program will select cities and then connect those government agencies with talented entrepreneurs and startups from across the world to develop technology products that help make government more accountable, efficient and responsive. As the program scales nationally, CIF expects that at the end of the grant period, it will create and retain 1,912 direct jobs and STIR participants will raise $41 million in private investment.

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