James Bessette of the Providence Business News reports Polaris MEP’s parent organization received $2.4M federal grant to launch RISE-UP blue economy initiative bringing new manufacturing opportunities to RI.

A $2.4 million grant has been awarded from the U.S. Office of Naval Research for a new blue economy innitiative to help develop and advance  marine and energy technologies, plus other opportunities that build the RI economy.

“The Resilient Innovative Sustainable Economies via University Partnerships – or “RISE-UP” – will be in collaboration with the University of Alaska-Fairbanks and the University of Hawaii. 

RISE-UP’s goal, the foundation says, is to bring “dual-use” products and technology to the commercial market, as well as launching new business ventures to have positive impacts on Rhode Island’s, Alaska’s and Hawaii’s economies.”

The foundation says that timelines and details will be released later this month.

Click here to read the full article, published June 15, 2023 in Providence Business News.