Opportunity Information: Apply for EDA HDQ OIE 2018 2005523
The FY 2018 Regional Innovation Strategies (RIS) Program is a discretionary grant opportunity run by the U.S. Department of Commerce through the Economic Development Administration (EDA). Its main purpose is to strengthen regional, innovation-driven economies by helping communities turn research and new ideas into real-world products, services, companies, and jobs. The program is built around the idea that regions grow faster and more sustainably when they have strong connections between researchers, entrepreneurs, investors, and local institutions, and when they can move promising technology or concepts from the lab or early development stage into the marketplace.
This funding focuses on two related needs in the early innovation pipeline. First, it supports capacity-building efforts that provide proof-of-concept and commercialization assistance to innovators and entrepreneurs. That typically means structured support that helps validate a new technology or business idea, reduce technical and market risk, refine prototypes, and prepare for launch or investment. Second, it provides operational support for organizations that deliver essential early-stage funding to startups, recognizing that many young companies fail not because the idea is weak, but because they cannot access early capital and the surrounding support systems needed to reach the next milestone.
EDA structured the RIS Program as two separate competitions under one umbrella. One is the 2018 i6 Challenge, which historically emphasizes building or expanding regional innovation networks and translating research into commercial outcomes through coordinated programming and partnerships. The other is the 2018 Seed Fund Support (SFS) Grant Competition, which targets the ability of seed funds and similar entities to operate and increase early-stage financing capacity for startups. Together, these tracks are meant to reinforce both the “support services” side of commercialization (mentorship, proof-of-concept, market readiness) and the “capital access” side (seed funding organizations that can get startups through the earliest funding gap).
A key requirement is cost sharing. Applicants must provide a non-federal matching share of at least 50 percent of total project costs. In practical terms, for every federal dollar requested, the applicant must bring at least one dollar from non-federal sources. This match can come from eligible local, state, private, philanthropic, or institutional resources, but it cannot be federal funding. This requirement is intended to ensure local commitment and shared risk, and it generally favors applicants that can demonstrate strong regional buy-in, partner contributions, and a clear plan for sustaining the work beyond the federal award period.
Eligible applicants are broad and designed to reflect the many entities involved in innovation ecosystems. Eligible applicants include state governments; county governments; cities and townships; special district governments; federally recognized Native American tribal governments; public and state-controlled institutions of higher education; private institutions of higher education; nonprofit organizations (including both 501(c)(3) and non-501(c)(3) entities); and other eligible entities. The notice also highlights eligibility for organizations such as public-private partnerships, science or research parks, federal laboratories, economic development organizations, or similar entities, as long as the application is supported by a state or a political subdivision of a state. Consortia made up of any combination of the eligible entity types are also allowed, which fits the program’s emphasis on regional collaboration rather than isolated projects.
The opportunity is listed under Assistance Listing/CFDA number 11.020 and uses the grant funding instrument. The Funding Opportunity Number is EDA HDQ OIE 2018 2005523. The original closing date for applications was August 29, 2018, and the opportunity was created May 31, 2018. The maximum award amount (award ceiling) is $750,000. While the source text references “ExpectedAwards:” without a specific number, the ceiling indicates that EDA anticipated funding sizable projects that can show a credible path to measurable commercialization outcomes and stronger regional entrepreneurial capacity.
Overall, the FY 2018 RIS Program is aimed at communities and organizations that can demonstrate a practical, regionally coordinated plan to accelerate innovation-led growth. Competitive applications would generally be expected to show how their activities will help entrepreneurs move from idea to market, how they will coordinate key regional partners, how they will measure results like startups supported, technologies validated, investment leveraged, and jobs created, and how the work will be sustained with the required non-federal match and long-term operating plan.Apply for EDA HDQ OIE 2018 2005523
- The Department of Commerce in the other sector is offering a public funding opportunity titled "FY 2018 Regional Innovation Strategies Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 11.020.
- This funding opportunity was created on 2018-05-31.
- Applicants must submit their applications by 2018-08-29. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $750,000.00 in funding.
- Eligible applicants include: State governments, County governments, City or township governments, Special district governments, Public and State controlled institutions of higher education, Native American tribal governments (Federally recognized), Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education, Private institutions of higher education, Others.
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