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

Office of Innovation and
Entrepreneurship (OIE)

Wireless Research Center Of North Carolina


Wake Forest, NC

Project Name

The RIoT Accelerator Program (RAP)



Award Amount

Federal Share

Non-Federal Share



This EDA investment will support RIoT and its ecosystem partners and stakeholders in creating an accelerator program to drive innovation, commercialization and market execution of Internet of Things (IoT) technologies. The RIoT Accelerator Program (RAP) will facilitate entrepreneurship end-to-end from academic research and education through to rapid commercial growth. RAP will provide access to the technology services industry vital to executing large commercial projects and seed investor capital necessary to launch new products and services to market. Once complete, the program anticipates improved efficiencies to enable them to work with more companies, as well as anticipated impacts of 96 new startups created, 200 new jobs created, and $10.1 million in private investments.