Denver University Center Program 2018

EDA-DEN-TA-DRO-2018-2005672

Grant

Discretionary

Other

EDA’s mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for economic growth and success in the worldwide economy. EDA fulfills this mission through strategic investments and partnerships that create the conditions for economic growth and improved quality of life by expanding the capacity of individuals, firms, and communities to maximize the use of their talents and skills to support innovation, lower transaction costs, and responsibly produce and trade valuable goods and services. The achievement of economic development potential results in regional economic ecosystems that foster globally competitive regions throughout the United States. The economic ecosystem is a multifaceted concept that links together a highly networked regional talent pool; innovation infrastructure (including both tangible and non-tangible types); research and science support systems; and a culture of collaboration sustained by institutions focused on advancing mutual gain for the public and the private sector. The purpose of EDA’s University Center Economic Development Program (also referred to in this announcement as the University Center program) is to enable institutions of higher education and consortia of institutions of higher education to establish and operate University Centers specifically focused on using university assets to build regional economic ecosystems that support innovation and high-growth entrepreneurship. University Centers collaborate with other EDA partners by providing expertise and technical assistance to develop, implement and support regional strategies which result in job creation, high-skilled regional talent pools, and business expansion in a region’s innovation clusters . Expertise and technical assistance may address, for example, applied research centers, technology commercialization, feasibility studies, market research, economic impact analyses training, and other technical assistance to help communities foster vibrant economic ecosystems. Since FY 2004, EDA has administered the University Center program as a competitive multi year program. In FY 2018, EDA is holding the competition in its Austin and Denver Regional Offices.