Strome Business Minute With Dr. Jeff Tanner

RISE is a Hampton Roads based non-profit, economic development organization funded by a federal HUD grant to accelerate innovation and business growth in developing solutions to coastal flooding. One of the ways it does this is to offer challenge grants to companies with innovative business ideas. RISE announced five grant winners receiving up to two hundred fifty thousand dollars each to set up shop here and begin their business. Winners include Natrx which offers a digital technology to architects and engineers that incorporates nature-based solutions to flooding and Storm Sensor which makes sensors for smart cities to measure flooding. Other winners include a customizable mapping solution, a financial service that offers capital for flood mitigation, and an artificial intelligence-based weather forecasting service. In addition to the money, the companies also get business assistance. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dom