GRANTS & COOPERATIVE AGREEMENTS

RHODE ISLAND COMMERCE CORP

Department of Commerce · Economic Development Administration

Federal obligations$395,349.00Government commitment across this award

Non-federal funding$106,636.00Reported contributions outside federal funding

Combined funding$501,985.00Source total including non-federal contributions

A federal obligation is a commitment to spend. It is distinct from cash paid out, recognized revenue and any stock-price effect. Amounts cover the award’s life and may include revisions or reductions.

AS REPORTED

What this award covers

THE OCEAN TECH HUB OF SOUTHEASTERN NEW ENGLAND (OCEAN TECH HUB), LED BY THE RHODE ISLAND COMMERCE CORPORATION, SEEKS TO DEVELOP, TEST, AND COMMERCIALIZE EMERGING MARITIME ARTIFICIAL INTELLIGENCE / MACHINE LEARNING-ENABLED ROBOTICS AND SENSORS. THIS TECH HUB WILL LEVERAGE ITSUNIQUE COASTAL ASSETS ? INCLUDING SEVEN COMMERCIAL PORTS AND SHALLOW AND DEEP OCEAN ACCESS ? TO ESTABLISH DIGITAL AND PHYSICAL TESTING AND MANUFACTURING ENVIRONMENTS FOR RAPID PROTOTYPE TESTING AND DELIVERY TO MEET THE GROWING COMMERCIAL DEMAND. IN DOING SO, THE OCEAN TECH HUB SEEKS TO ADVANCE OCEAN TECHNOLOGY INNOVATION AND BECOME A GLOBAL LEADER IN THE GROWING OCEAN ECONOMY.

Award timeline

Signed: December 19, 2023
Performance start: November 1, 2023
Performance end: May 31, 2026
Source last modified: October 1, 2026

Reported identity

Award number: ED24OIE0G0012
Award type: Not reported
Recipient UEI: HCNJFC71CHQ1
Reported parent: STATE OF RHODE ISLAND

Assistance listings: 11.039 · Regional Technology and Innovation Hubs
Source award identifier: ASST_NON_ED24OIE0G0012_013

Recipients are shown as reported. VestCue does not infer a listed ticker, a final beneficiary or an investment return from a name match.