Funding

Apply Now for New Round of SBIR/STTR Phase 1 Matching Grants

Rhode Island companies with 50 or fewer employees that have received an SBIR/STTR Phase I award have the opportunity to apply for a matching grant of up to $45K from the Innovate RI Small Business Fund. Applications will be accepted until March 14, 2016.

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; and
  • Encourage the establishment of high potential, high quality, high growth ventures in Rhode Island.

Through the Fund, eligible Rhode Island small businesses may also apply for grants to defray the cost of applying for SBIR/STTR awards and hire interns. For more information or to apply for a grant contact Rachel Myroniuk at rachel.myroniuk@commerceri.com or 401-278-9122.