RIoT recognizes an enormous opportunity to multiply the positive impact of its efforts in the region by formalizing a RIoT Labs Accelerator Program (RAP), expanding to multiple convenings per year and building a robust support structure around the companies and Intellectual Property that is subsequently commercialized and taken to market.

The RIoT Accelerator Program (RAP) facilitates entrepreneurship end-to-end from academic research and education through to rapid commercial growth. The RAP increases the impact of classroom style accelerator programming by partnering students and startups with an industry consortium of more than 60 companies across the IoT value chain. Industry seeds the accelerator with clear market problems that they are motivated to solve through entrepreneurial partnerships. Industry partners provide access to complimentary resources and seed investor capital necessary to launch new products and services to market.

Over the past 3.5 years, RIoT has worked with over 40 companies in NC that have collectively raised over $275M and created more than 400 jobs. The recent EDA grant recognizes the opportunity to leverage this momentum via a formal accelerator program. The program details are in development with a target to open applications into RAP by year end. The first RAP series will begin Q1 2018.