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Nine local projects designed to expand the state’s “knowledge economy,” a cluster of high-tech, biotechnology and design enterprises, were awarded $150,000 in grants from the federal government and the city of Providence Wednesday.

Six of the projects will be funded with $100,000 from the U.S. Department of Commerce Economic Development Administration and three with $50,000 from the Providence Economic Development Partnership.

Many of the projects are designed to link researchers and entrepreneurs in the hopes of developing new business ventures. They were selected by the Innovation Providence Implementation Council (IPIC) set up by the Greater Providence Chamber of Commerce.

To read the full, original article click on this link: Nine R.I. ‘knowledge economy’ projects receive funding | Rhode Island news | projo.com | The Providence Journal

Author: Andy Smith