entrepreneurship

Software enabled manufacturing start-ups are dominating

The business environment for entrepreneurial-minded manufacturers is getting a lot of buzz. An explosion of digital tools and services has rocked the manufacturing realm, drawing in computer-assisted design and 3D printing equipment, open-source operating systems and the Internet of Things (IoT). 


A recent article in HBR by Mark Muro of Brookings puts it in perspective:  Innovative “tools, resources, and intermediaries are allowing a new generation of serious entrepreneurs to begin to bridge the worlds of hacker space and industry. As a result, software-enabled manufacturing start-ups are poised to have a large economic impact.”  So, how does Rhode Islander’s famed maker-movement plug into this energy? Engaging young, creative minds is the answer.

 

Governor Raimondo’s Rhode Island Promise Scholarship Program is officially rolling out this academic year, Fall 2017. For prospective students to qualify for RI Promise, they must have just graduated from high school or recently obtained a GED, and they would be eligible for two years at CCRI tuition free.  CCRI is hosting enrollment days on August 10th and 17th – a chance for students to ask questions and enroll for this semester. Rhode Island is the fourth state in the country to offer tuition-free community college, an essential credential for the evolving workforce--- particularly in manufacturing.

 

Rhode Island's efforts to spur workforce development don’t stop there.  Along with being the first state to offer computer science to every child in every public school, Rhode Island partners its high schools and community colleges with local manufacturers to give students industry-specific knowledge, workplace tours, apprenticeships and internships.  Rhode Island also offers student-loan assistance to graduates pursuing a STEM or design career.

 

Looking for a place to start and grow your manufacturing business? Providence's deep roots in manufacturing innovation must be seriously examined. Would you like to learn  more?
 
 

Start-Up Environment In Providence Cheered

Summer is a perfect time of year to see Providence in a new light.

Summer is a perfect time of year to see Providence in a new light.

Good news travels fast. We've had a recent spate of positive media attention highlighting the Providence, Rhode Island entrepreneurial communities. This piece in Crain's Boston talks about our legacy as a maker city and as a recent leader in the social enterprise movement.  Kelly Ramirez from Social Enterprise Greenhouse shares her thoughts on how the movement is catching fire. Providence's world class colleges and universities and young talent pool are the key differentiators drawing attention.

FDi Intelligence magazine, a publication associated with The Financial Times in London, has a well researched feature story highlighting our international prowess in the manufacturing sector and how educational leaders are driving Rhode Island's economic resurgence.

I have been on the road recently, as well, promoting Rhode Island's advantages as a place to do business. The Greater Providence Chamber of Commerce and Commerce RI have had a major presence at the Boston Biosciences Leaders Conference, the Social Innovation Summit in Chicago, and BIO International 2017 in San Diego. 

The reaction from business leaders with whom we have met has been consistent: 

  • Rhode Island is definitely on the radar screen for investors. High profile names like GE Digital, Virgin Pulse, Johnson & Johnson, Agoda and Wexford Science & Technology have generated a bit of a curiosity factor. i.e. What's going on in Providence???
  • Our talent pipeline and workforce development strategy is considered smart and unique.
  • Our incentive programs are performance-based and deliver benefits that are most relevant.
  • Rhode Island's business climate is now viewed as increasingly favorable. 

Help us spread the word! If you would like to learn more about Rhode Island as a place to grow and expand your business, reach out to us today.