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Washington State University

Location

Spokane, WA

Project Name

FIRE & RAIN Networks

Award Amount

Federal Share

Local Match

$750,000

$233,420

The Washington State University-Health Sciences Spokane early-stage life science business incubator, sp3nw, will develop a Flexible Infrastructure for Resilient Entrepreneurship (FIRE), consisting of support programs to spur regional economic development in Eastern Washington and North Idaho.

Specifically, the project will:

  • Launch Executive Advisors and Review Team Honorarium (EARTH), a modified executive-in-residence (EIR) program that matches startups with EARTH-supported executive advisors for 10 months to provide business insights and expedite go-to-market actions;
  • Create Internship Consultants for Entrepreneurs (ICE), consisting of teams that provide wrap-around services in marketing, bookkeeping and business research to accelerate startup growth and create high-quality workers;
  • Create a Rural Angel Investment Network (RAIN), which will establish a directory of funding opportunities, assess regional funding gaps, and train local investment groups to develop funding for early-stage businesses to bridge the funding gap prior to SBIR/STTR funding; and
  • Initiate the Workforce Innovation Network Development (WIND) program, targeting pharmaceutical manufacturing education and certification in urban and rural populations, in order to create sustainable workforce opportunities and regional industry growth.

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Office of Innovation and Entrepreneurship (OIE)

Build To Scale (B2S)
formerly Regional Innovation Strategies Program (RIS)

SPRINT Challenge

STEM Talent Challenge

Accelerate R2 Network Challenge

National Advisory Council on Innovation & Entrepreneurship (NACIE)

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