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 organization dedicated to solving the most pressing resilience problems facing coastal communities. RISE leverages global partnerships to help businesses develop, demonstrate and scale innovations that allow coastal communities to adapt to changing climate and rising seas.
RISE achieves this 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 and other support to help resilience-focused businesses grow