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Innovate Rhode Island Small Business Fund (Application Grant) is sponsored by Rhode Island Science & Technology Advisory Council (administered by Rhode Island Commerce Corporation). This grant assists small businesses in offsetting the costs associated with preparing a competitive Phase I Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) application.
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Innovate RI Fund | RI Science & Technology Advisory Council In 2013, to foster job creation, facilitate small business development and enhance the workforce pipeline, the Rhode Island General Assembly created the Innovate Rhode Island Small Business Fund (IRISBF). Eligible Rhode Island small businesses may apply for grants to defray the cost of applying for SBIR/STTR awards, match SBIR/STTR Phase I and Phase II awards, and hire interns.
Provides grants of up to $3,000 to assist small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application. Provides grants of up to $75,000 to encourage recipients of SBIR/STTR Phase I awards and up to $150,000 to recipients of Phase II awards.
Submit a Phase I Application Submit a Phase II Application Provides grants of up to $6,500 to assist companies offset the cost of providing internships and mentoring to RI residents attending a RI college or university. Small businesses need capital to innovate, expand and succeed.
The Innovate RI Small Business Fund provides grants to assist local entrepreneurs and high-growth start-ups defray the costs of applying for federal SBIR/STTR grants, match Phase I and Phase II awards and hire interns.
The goals of the program are to: Leverage state funds to encourage and support Rhode Island entrepreneurial participation in the federal SBIR/STTR programs; Increase the amount of federal research dollars received by Rhode Island firms; Sustain companies through the early stages of product development; Encourage the establishment of high potential, high quality, high growth ventures in Rhode Island; and Enhance the talent pipeline in the life sciences and engineering fields.
According to the current listing, eligibility includes: Rhode Island-based for-profit businesses with 50 or fewer employees; 51% of employees must reside in Rhode Island. Confirm the full requirements in the official notice before applying.
The current listing shows up to $3,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Innovate Rhode Island Small Business Fund (Application Grant) is funded by Rhode Island Science & Technology Advisory Council (administered by Rhode Island Commerce Corporation). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Rhode Island. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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