FIRST FLIGHT VENTURE CENTER’S (FFVC) HANGAR6 AWARDED $450,000 GRANT FOR THE REGIONAL INNOVATIONS STRATEGIES (RIS) PROGRAM CHALLENGE
FFVC was among 35 organizations from 19 states that have been awarded the Economic Development Administration (EDA) Grant. The 35 organizations will receive nearly $15 million to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through EDA’s RIS program.
RESEARCH TRIANGLE PARK, N.C. (November 17, 2016) – First Flight Venture Center (FFVC), a science and technology incubator for entrepreneurs in North Carolina, along with 35 other organizations, received part of the $15 million dollars being awarded across the country this week. The diverse group of awardees, selected from a pool of more than 215 applicants, consists of nonprofits, institutions of higher education, and entrepreneurship-focused organizations, and will reach urban and rural areas across the United States.
“The RIS program advances innovation and capacity-building activities in regions across the country by addressing two essential core components that entrepreneurs need to take their ideas to market: programmatic support and access to capital,” said U.S. Secretary of Commerce Penny Pritzker.