XLR8UH, the University of Hawaii’s proof of concept center and venture accelerator, has received a $500,000 grant from the federal Economic Development Administration to strengthen its commercialization projects across the state. Matching funds are provided by the University proving their commitment to innovation and entrepreneurship accomplished by XLR8UH, which Sultan Ventures co-founded and manages.
The grant was part of the 2015 Regional Innovation Strategies Program that aids commercialization, entrepreneurship and job creation projects at a grassroots level. About $8 million was distributed to 17 programs across the nation.
“We are pleased that the EDA recognized the value and promise of our XLR8UH program,” Vassilis Syrmos, UH vice president for research and innovation, said in a statement. “The University of Hawaii will be matching the EDA award to amplify even more of XLR8UH’s reach in extending our research innovation and commercialization efforts across the state.”
See the EDA’s Press Release on the i6 Grant Awardees here.
For press coverage you can see the following:
XLR8UH Receives $500K Federal Grant – Pacific Business News
EDA Awards UH Accelerator $500K To Expand Commercialization Efforts State Wide – Kaleo
UH Accelerator Awarded $500,000 To Expand Statewide Outreach – UHawaii News