State to select projects for $12 million innovation grants
PROVIDENCE, R.I. (AP) — Rhode Island is poised to approve $12 million for three projects that officials say will help the state economy and create jobs.
The winners of a statewide “innovation campus” competition will be selected at a meeting on the URI campus Tuesday morning. The Providence Journal reports Democratic Gov. Gina Raimondo will formally announce the winners after.
The competition is meant to create hubs and offshoots at the University of Rhode Island campus in South Kingstown and in Providence.
The projects will all be affiliated with URI and will help research and startups on cybersecurity, agriculture and the “idea to impact gap.”
The state funding is the first round out of $20 million that voters approved in a bond referendum in 2016. The state received 16 total proposals.