17 Providence Design Businesses Receive Major Grants
FOR IMMEDIATE RELEASE
December 18, 2015
Providence Design Businesses Receive Major Grants to Catalyst Small Business Growth
First design business grant program awards 17 Providence businesses up to $35,000 each
Providence, RI – DESIGNxRI announces the recipients of the Providence Design Catalyst grant program. The Providence Design Catalyst program is the first design business grant program aimed at catalyzing small design business growth in the City of Providence by providing seed capital, mentoring and technical assistance. It is a partnership between DESIGNxRI, Rhode Island School of Design, the City of Providence, and Social Enterprise Greenhouse.
After a highly competitive application process, the following 17 design driven businesses were selected to be awarded grants to help catalyze business growth:
- Atelier Rosenkrantz
- AV Productions
- Bela Monde
- Christian Thomas Designs
- Fulcrum Product Development
- Heather Guidero Jewelry
- Joshua Shockley Interior Design
- Linkmount Systems
- LLAMAproduct / Headmaster Magazine
- Nest Homeware
- Oblique Studio
- Spirare Surfboards
- Studio Endo
- There Will Be Cake
“Providence is deeply rooted in art and design based industries. The Providence Design Catalyst program builds on that strength by enabling small businesses to get off the ground and grow in the Creative Capital,” said Mayor Elorza. “The winners of this innovative and creative funding opportunity will continue to support our design scene and thrive here in Providence.”
Grant awards to these businesses range between $12,000 - $35,000. Awardees will also be partnered with a mentor, take part in educational workshops and meet monthly for peer to peer engagement during the four month program running from January to April 2016.
The awardees range in types of design businesses and include a cast iron homeware company, a luthier, furniture design, architecture and design/build companies, a smartphone accessory company, jewelry and textiles companies, as well as graphics and interior design firms.
“We were incredibly impressed with the quality and quantity of applications for a first time design grant program,” stated Lisa Carnevale, Co-Founder and Director of DESIGNxRI. “This created a highly competitive process. The final awardees represent an exciting group of design businesses in our city and we look forward to working with them.”
The program received 42 applications from design driven businesses. Applicants were evaluated based on selection criteria including experience of business owner, project’s ability to sustain, strengthen or grow business, probability of success and potential contribution to the economic development of Providence. Each awardee showed clear business acumen and presented viable projects that would catalyze their small businesses into the next phase of development.
The Providence Design Catalyst program is funded by $500,000 of federal funds through the City of Providence. It is being administered by DESIGNxRI in collaboration with an advisory committee comprised of representatives of the City and partnering organizations.
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DESIGNxRI (DxRI) is a nonprofit organization that works to coalesce the design talent in Rhode Island and spotlight it through events, a digital rolodex of designers, and economic development participation. Our goal is to maximize the assets of the RI design community and highlight its innovative problem-solving practices to create more business opportunities and nurture growth in the design industries in Rhode Island. Learn more at www.designxri.com.