PROVIDENCE – The application period for the next cohort of Polaris MEP’s Manufacturing Innovation Challenge opens Friday.
The program matches companies with a team of subject matter experts with industry knowledge that works with a company’s leadership team to conduct a strategic review of the business.
The program culminates in a report of the participating companies’ maturity across eight categories to offer insight and recommendations to help the company focus time and resources to improve potential growth and operations.
The project used to be specifically for manufacturers in the defense industry sector, but is now open to all manufacturing sectors in Rhode Island.
The MIC was created in 2015 with funding from the U.S. Office of Economic Adjustment through the R.I. Commerce Corp.
“The Manufacturing Innovation Challenge, and its precursor, STEAMEngine, helped 50 companies in the defense supply chain analyze their strategy, operations, and marketing,” said Mary Johnson, the program manager for the Manufacturing Innovation Challenge at Polaris MEP. “It’s an opportunity for companies that are interested in fresh perspective and setting a course toward the future.”
Up to 10 Rhode Island manufacturers will be chosen for the next cohort, following a competitive review process.
“The program has proven particularly valuable for companies that have new leadership, are planning a transition to the next generation, or are determined to remain competitive in the quickly-changing manufacturing landscape,” added Johnson.
Thursday evening, the organization is holding a launch event for manufacturers interested in participating in the cohort at Foolproof Brewing in Pawtucket from 5:30-7 p.m. Registration for the event is already closed.
More information on the Manufacturing Innovation Challenge may be found online.