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EDA announces $17M in awards via RIS program
On September 20, the Economic Development Administration (EDA) announced $17 million in awards to the 2017 Regional Innovation Strategies (RIS) program awards. SSTI’s Innovation Advocacy Council has worked with members to encourage Congress to support this program, which makes awards to support the creation and expansion of tech transformation networks (i6 Challenge) and early-stage seed capital funds (the Seed Fund Support). In total, EDA made 42 investments that leveraged over $22 million in private, state and local matching funds, including to eight SSTI members:
Seed Fund Support Awardees
- Biogenerator – $300,000
- JumpStart Inc. – $300,000
- Louisiana Tech University – $299,178
- Enterprise Center of Johnson County, Inc. – $150,000
i6 Challenge Awardees
- UI LABS – $500,000
- University of Maryland – $500,000
- Oregon BEST – $499,972
- University of Michigan – $499,679