Two entities are teaming up to help Rhode Island businesses that are starting out.
The state Economic Development Corporation and Brown University plan to open the Center for Innovation and Entrepreneurship, which will help entrepreneurs start businesses. The EDC is putting $100,000 toward the center, while the Slater Technology Fund and the Science and Technology Advisory Council are fronting $50,000 each. The center will be located at 1 Davol Square, in a building owned by Brown.
Participants will pay fees for services offered at the center, which will eventually be subsidized by corporate sponsors, according to an article by The Providence Journal.