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 $45,000 to encourage recipients of SBIR/STTR Phase I awards and up to $100,000 to recipients of Phase II awards.
Provides grants of up to $3,000 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: