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Many small and medium-sized manufacturers in the region are seeking resources to decrease the time and risk, and increase the odds of success to commercialize new and existing products and develop new markets.
The Innovation Hub
The InnovationHub aggregates resources from industry, economic development, and academia to create an accessible network to help overcome the technical, financial, and business challenges of getting ideas to market. The Hub serves as a regional resource to support commercialization and the sharing of synergies between companies for mutual benefit. GMEDC hosts the East Central Vermont Innovation Hub discussion group on LinkedIn and periodically coordinates Innovation Hub events networking.
- Primary Functions
1. Networking and Collaboration Events.
Periodically the HUB holds events where regional manufacturers and entrepreneurs come together to share ideas and learn about resources to assist getting product to market and leverage a wide range of resources in areas including, but not limited to, prototyping, intellectual property, financing, product testing and development, market analysis, and accounting/administrative support.
2. One-on-One Technical Assistance.
Regional manufacturers and entrepreneurs seeking to work with resources and companies can access a panel of participating partners to develop an action plan and next steps, as well as connect with appropriate programs and resources to move their idea to market. Some of the services are available at no cost, and others are fee for service.
- Founding Partners
The founding partners of the Innovation Hub include:
Vermont Technical College (faculty, staff, students), Green Mountain Economic Development Corporation, the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center, Applied Research Associates, Inc. (R&D and manufacturer), and the Vermont Department of Economic Development.
Our collaboration continues to shape this regional resource, and we welcome input and suggestions.