Dear Alumni and Friends,
Nonprofit organizations and charitable foundations are emerging as the key thought leaders and funders in the conversation around government innovation. With the announcement of the state's new Chief Innovation Officer Richard Culatta, Rhode Island has become an active player in this national discussion.
We are thrilled to announce that Rhode Island College, the RIC Foundation and the State of Rhode Island have entered into an agreement to house the Innovation Office here on the RIC campus. The Innovation Office will create a hub for higher education, nonprofit and private-sector experts to pilot and scale innovative initiatives.
As Chief Innovation Officer, Mr. Culatta is an employee of the RIC Foundation. This arrangement aligns the Innovation Office with the RIC Foundation and its corresponding 501-c-3 status, thereby allowing Mr. Culatta to fundraise on a regional and national level. It is important to note that the Innovation Office is responsible for raising the funds necessary to support its work and replenish the initial investment made by the RIC Foundation.
Last fall, when the state first conceived of the Innovation Office concept, Rhode Island College and the RIC Foundation pursued the opportunity to house the office on campus for the following reasons:
- The office will leverage the expertise of our talented faculty in a mutually beneficial arrangement.
- New innovation initiatives will provide real-world research opportunities for RIC students.
- The partnership will raise the RIC Foundation's profile among national foundations and charitable organizations.
- The outcomes of any innovative initiatives will directly benefit our student body, 86 percent of whom are in-state residents, and our alumni, 39,000 of whom continue to live in Rhode Island.
The Innovation Office represents an exciting opportunity that will benefit the RIC community and its home state. To stay updated on the office's progress, follow the Innovation Office on Facebook (www.facebook.com/InnovateRI) and Twitter (twitter.com/innovateRI).
Edwin R. Pacheco
Associate Vice President for Advancement and External Affairs
Rhode Island College Foundation