The U.S. Department of Commerce announced this week that 35 organizations will receive nearly $15 million in funding to create and expand cluster-focused, proof-of-concept and commercialization programs, and early stage seed capital funds through the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program. The organizations, including nonprofits, institutions of higher education, and entrepreneurship-focused organizations, reach urban and rural areas across the U.S.
