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401 Tech Bridge receives $725K in federal funds - Providence Business News


401 Tech Bridge receives $725K in federal funds
401 TECH BRIDGE was awarded $724,674 from the Economic Development Administration.
PROVIDENCE – 401 Tech Bridge has received $724,674 in federal funds to focus on job growth in the state’s blue economy sector, the R.I. congressional delegation announced Friday.
The funds come from the Economic Development Administration’s Scaling Pandemic Resilience Through Innovation and Technology Challenge program. The program was created in the Coronavirus Aid, Relief and Economic Security Act.
Funds will be used to create a Blue Tech Accelerator in partnership with MassChallenge to develop a fellowship program to help startups grow, to leverage its partner network to identify funding and connections for companies in the sector, and to execute programs to bring startups to scale in the blue tech supply chain. ....

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