U.S. Department of Commerce Invests $300,000 to Support AgTech Entrepreneurship efforts in Nebraska

Tuesday, October 17, 2017

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The U.S. Department of Commerce announced that Invest Nebraska has been awarded a $300,000 grant to focus on AgTech in Nebraska through the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program. Invest Nebraska, a public-private partnership with the Nebraska Department of Economic Development, is a major player in the advancement of high-growth businesses across the state

“The Trump Administration is committed to strengthening U.S. production and exports, which are essential to our nation’s economic growth,” said Secretary of Commerce Wilbur Ross. “These projects will enable entrepreneurs in communities across the United States to start new businesses, manufacture innovative products, and export them throughout the world – increasing America’s global competitiveness.”

Under the award Invest Nebraska, in coordination with the Nebraska Department of Economic Development, the University of Nebraska, and the private sector, will lead the efforts to develop an AgTech Cluster Development Plan, conduct statewide education and outreach efforts with potential AgTech investors, and increase deal flow activity by providing operational assistance to Nebraska’s AgTech entrepreneurs and innovators.

The Office of Innovation and Entrepreneurship (OIE), housed within the U.S. Department of Commerce’s Economic Development Administration (EDA), leads the i6 Regional Innovation Strategies Program to spur innovation capacity-building activities in regions across the nation. The program is authorized through the America COMPETES reauthorization Act of 2010, and has received dedicated appropriations since FY2014.

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Category: Economy