Information Technology and Digital Media

Overview

Rhode Island’s size and its tightly connected networks work to the advantage of ITDM companies. Located between Boston and New York City — world centers for activity in the sector — Rhode Island is a cost efficient and strategic location, offering ITDM companies quick access to the region’s talent and resources at a lower cost.

World-class educational institutions such as the Rhode Island School of Design (RISD) and Brown University produce talent for a wide range of ITDM companies, from small software start-ups to larger communications corporations. RISD’s faculty, students and alumni network make Rhode Island a hotspot for design, while Brown University’s Computer Science Department produces innovative research in areas such as applied mathematics, artificial intelligence, robotics, cognitive science and engineering.

Rhode Island has become a strategic location of choice for ITDM companies that want to take advantage of the state’s unique ecosystem, closely connected networks and diverse assets. Rhode Island is ranked seventh in the country for generating university spin-offs by the Committee for Enterprise Development. After their initial discovery, nearly 75 percent of start-ups remain in the state, according to the Association of University Technology Managers.

RI Nexus

Rhode Island's Information Technology and Digital Media sector now has an online community to collaborate, connect and share ideas — RI Nexus.com.The Rhode Island Economic Development Corporation, in conjunction with Providence Geeks co-founder Jack Templin, developed RI Nexus.com to serve as an online portal for connecting companies, individuals and academic organization within the ITDM sector and streamlining access to the resources they need to grow.

Visit RI Nexus

Why Rhode Island?

RIEDC offers ITDM companies:

  • Access to RIEDC’s portfolio of financial services and lending programs
  • Site selection, relocation assistance, and workforce training
  • Connectivity and proximity to the Northeast’s robust network of ITDM-related industries
  • An innovation investment tax credit of up to 50 percent ($100,000 max credit)
  • The Slater Technology Fund, which provides seed funding for qualified local technology-based ventures and provides the network of partnerships entrepreneurs need to raise capital
  • Comprehensive export assistance programs for companies looking to tap into global markets
  • RI Nexus, the online hub of the state’s ITDM sector offers a powerful set of information sharing and community building tools designed to help the sector’s individuals and organizations connect, communicate and collaborate


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