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Find similar grantsInnovate RI Fund - Matching Grant (SBIR/STTR Phase I and Phase II) is sponsored by RI Science & Technology Advisory Council. Provides matching grants to encourage recipients of federal SBIR/STTR Phase I and Phase II awards and sustain companies through the early stages of product development.
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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: Recipients of federal SBIR/STTR Phase I and Phase II awards in the life sciences and engineering sectors. Confirm the full requirements in the official notice before applying.
The current listing shows up to $75,000 for Phase I, up to $150,000 for Phase II. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Innovate RI Fund - Matching Grant (SBIR/STTR Phase I and Phase II) is funded by RI Science & Technology Advisory Council. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
Past winners and funding trends for this program
On August 26, 2026, NSF named the STC class of 2026: TEMPEST at Michigan State, GENIE at Northwestern, and a human-robot co-adaptation center at UT Austin. $90 million total, $6 million a year each. The 2023 class was four centers and $120 million. The award size is intact; the shelf space shrank 25 percent — and that is the number that should reshape how you plan a center proposal.
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