ECU receives $500,000 for grant meant to transform regional economy

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GREENVILLE, N.C. (WNCT) – East Carolina University’s Office of Innovation and Economic Development will receive nearly $500,000 for a project aimed at transforming the regional economy.

U.S. Secretary of Commerce Penny Pritzker announced ECU’s OIED is one of 35 organizations from 19 states that together will receive nearly $15 million to create and expand cluster-focused, proof-of-concept and commercialization programs through the Economic Development Administration’s Regional Innovation Strategies Program.

“We’re excited that this grant will allow us to form talented, multidisciplinary teams of ECU students and faculty mentors to discover new entrepreneurial opportunities and address innovation challenges for our regional partners,” said Joe Gaines, director of industry and economic development.

The project is intended to provide a roadmap of the science, technology and innovation needs of advanced manufacturing organizations with the intent of rapidly advancing technology and manufacturing readiness levels.

The project is also meant to encourage, support and foster entrepreneurship and new business/venture creation.

The grant will be administered by OIED.

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