The U.S. Economic Development Agency (EDA) announced today that StartingBlock Madison is one of the winners of its i6 Challenge. Launched in 2010, the i6 Challenge is part of the EDA’s Startup America Initiative. U.S. Secretary of Commerce Penny Pritzker announced 35 organizations from 19 states—out of more than 215 applicants—will receive nearly $15 million to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through the EDA’s Regional Innovation Strategies (RIS) program.
StartingBlock’s Executive Director, Scott Resnick, says that the EDA announcement is an exciting show of support and “will help StartingBlock carry out its bold and ambitious dream of strengthening our region by helping Madison’s most promising startups and entrepreneurs succeed.” The grant will provide $475,000 over three years to further StartingBlock’s objectives to cultivate the next generation of entrepreneurs, provide proof-of-concept and commercialization support to existing companies, and leverage and connect regional assets. Read the full story here.