Providence is an Ivy League town. Because we are only 50 miles south of Boston, we are an integral part of the Greater Boston regional economy. Launching a venture is faster and easier in a less congested marketplace like Providence where people, connections and expertise are at your fingertips. At the same time, we are close enough to the region's many start-up super clusters to be a viable and complementary option. As a networked region, Greater Providence and Greater Boston are geographically one and the same. Lots of "dry powder" in the form of angel and venture capital, is waiting on sidelines, eager to be invested in new and promising entrepreneurial ventures. Maybe even yours?
To be sure, Providence has its own identity and all-star characteristics. Students, young professionals and innovators are everywhere. Our world-class research institutions are cranking out businesses with a ferocious pace. Entrepreneurial companies find that there is plenty of talent here to keep their growth trajectory steep. As a university town, you will find lots of places to hang out with like-minded risk-takers to develop your next great idea. Why get lost in the crowd when you can have it all right here? Providence is a great place to work, live and have fun.
Private equity investors have long known that Providence has a thriving research and development community. Technology transfer and commercialization is a way of life. Seed money and tax incentives are available to rescue innovators from the valley of death. Mentors, industry partners, advocacy groups and service providers dominate the landscape. It is well known that the "power of ideas" will save the day in America, and that philosophy is warmly embraced in Providence.
Rhode Island’s capital city has a huge talent base from seven world-class colleges and universities, and leading hospitals and research centers. New England’s second largest city is home to 40 percent more knowledge workers than the national average and is known for its indigenous creativity.
The Providence Knowledge Economy includes: biotechnology/medical devices, healthcare, electronic/industrial hardware, digital media, telecom, information technology/software, scientific research, design and engineering, food science and hospitality, financial services and education.
Visit Entrepreneur Providence - a comprehensive online resource and help center for startup companies and entrepreneurs looking at Providence, Rhode Island and Greater Boston as a place to live, work and grow.