EDA Grant for NRV Innovation Network

The U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded $338,086 to the Roanoke-Blacksburg Innovation Network. The EDA investment supports a Network project to help guide and facilitate innovation in the Roanoke-New River Valley area and beyond. U.S. Congressman Morgan Griffith (R-VA) issued the following statement:

“Through this grant, U.S. EDA has recognized the Roanoke-New River Valley region as an attractive hub for innovative businesses and companies.

“This $338,086 grant helps Roanoke-Blacksburg Innovation Network lead mentoring sessions and roundtable events in collaboration with local and statewide partners to assist early-stage startups.”

BACKGROUND

The project whose funds the EDA grant is directed towards is the Catalyzing Entrepreneur Impact and Support Project.

Upon completion, the project will help enhance future economic sustainability and bolster redevelopment in the region.

Main industries in the New River Valley include Advanced Manufacturing, Food Processing & Agribusiness, Information Technology, and Unmanned Systems.

The Roanoke-Blacksburg Innovation Network, with affiliated entities including Roanoke-Blacksburg Technology Council and Verge, proactively secures grant funding to support regional innovators, entrepreneurs, and infrastructure investment.