Updated August 29 at 7:42am

New accelerator program would support designer-entrepreneurs

The city is teaming with Rhode Island School of Design and local business groups to launch a new accelerator program for design-centered entrepreneurs.

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entrepreneurship

New accelerator program would support designer-entrepreneurs

Posted:

PROVIDENCE – The city is teaming with the Rhode Island School of Design and local business groups to launch a new accelerator program for design-centered entrepreneurs.

Tentatively titled Providence Design Forward, the new program will employ U.S. Department of Housing and Urban Development funding and the expertise from Founders League, Rally Rhode Island and DesignxRI.

Exact details of the program have yet to be finalized and it will need to be approved by the Providence Economic Development Partnership, which controls the city’s allocation of federal Community Development Block Grant money.

Lynne McCormack, director of the city’s Department of Art, Culture and Tourism, briefed the PEDP board last week on the accelerator and is slated to give a full presentation at the agency’s March meeting, at which point it could be approved.

McCormack said the new accelerator is modeled roughly on the MassChallenge accelerator in Boston.

Details yet to be worked out include whether accelerator graduates will receive loans or grants. An early cost estimate of the entire program is $250,000.

Rhode Island School of Design, Providence Design Forward, HUD, Founders League, Rally Rhode Island, DesignxRI, Providence Economic Development Partnership, Lynne McCormack, MassChallenge,

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