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Find similar grantsInnovate Rhode Island Small Business Fund is sponsored by Rhode Island Science and Technology Advisory Council. Provides grants to Rhode Island small businesses to offset costs associated with applying for federal SBIR/STTR awards, match Phase I and II awards, and hire interns.
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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: For-profit Rhode Island-based businesses with 50 or fewer employees, with 51% of employees residing in Rhode Island. Confirm the full requirements in the official notice before applying.
The current listing shows up to $3,000 (Application Grant), Up to $75,000 (Phase I Matching Grant), Up to $150,000 (Phase II Matching Grant), Up to $6,500 (Internship Grant). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Innovate Rhode Island Small Business Fund is funded by Rhode Island Science and Technology Advisory Council. 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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On July 22, 2026 the White House announced more than $5 billion and 15-plus federal agencies behind the Genesis Mission — a national effort to point AI at the hardest problems in science. Here is what the mission actually funds, how its five National Science and Technology Challenges map to real solicitations already opening, and how a research team or small business should position for the money flowing out of it.
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