In 2017, the Commonwealth of Virginia was awarded $120.5 million through the Department of Housing and Urban Development’s (HUD) National Disaster Resilience Competition (NDRC) for innovative projects in the Hampton Roads region. Of this award, HUD allocated $5.25 million to support the development of the nation’s first-of-its-kind resilience innovation hub called RISE to accelerate innovation in resilience-building solutions, and to demonstrate how adaptation to the impacts of climate change can be turned into an economic growth and job creation engine for coastal regions.
RISE is a non-profit, economic development organization with a mission to accelerate innovation and business growth around solutions to coastal communities’ resilience challenges. RISE leverages local assets and global networks to enable businesses to develop, demonstrate and scale innovations that help coastal communities adapt to changing climate.
RISE achieves its mission by:
- Surfacing resilience challenges faced by organizations operating in coastal environments.
- Conducting international competitions to surface entrepreneurs with solutions.
- Brokering access to the Hampton Roads region’s living laboratory to innovators with resilience technologies, products or services to test, demonstrate and scale.
- Providing access to funding, space, data, demo sites, experts, business mentors and other support to help resilience-focused businesses grow.