Blog

A RIoT for the Region

September 21, 2017 by Andrea Cook

NC IDEA Ecosystem Partner Receives $500,000 U.S. Economic Development Administration Grant RIoT, an NC IDEA Ecosystem Partner, has been leading the charge into the 4th Industrial Revolution, the Internet of Things (IoT), since 2014. Yesterday RIoT was recognized for those efforts by the US Economic Development Administration’s (EDA) award of a three year, $500,000 grant to launch…Read More

Blog

Making Entrepreneurship Productive Again

June 23, 2017 by Thom Ruhe

My friend and brilliant person, Robert E. Litan , recently co-authored a piece in Harvard Business Review reflecting on a thesis first proffered by another brilliant mind, William Baumol, about productive entrepreneurship vs. unproductive entrepreneurship. The article serves as a great reminder to practitioners of economic development that not all entrepreneurship is created equal, or even of…Read More

NC IDEA LABS

A Look Back and Ahead

December 21, 2016 by Thom Ruhe

As we close the books on 2016 at the NC IDEA Foundation, I thought it would be appropriate to offer a review of the year, and look ahead for 2017. With a mandate to build upon our work to serve the entrepreneurs of North Carolina, we launched a new grant program affectionately called the Ecosystem…Read More

Blog

Ec·o·sys·tem

September 28, 2016 by Thom Ruhe

Ecosystem is a term born from the field of biology (Tansley & Clapham) to characterize a community of interacting (biologic) organisms and their physical environment. It has subsequently been coopted by other fields of endeavor, including economic development, frequently invoked to describe the nexus of economic, societal, and political systems (or lack thereof) affecting the…Read More