Innovate RI Fund
Rhode Island Commerce Corporation
About the Grant
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.
Application Grant:
Provides grants of up to $3,000 to assist small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application.
Matching Grant:
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.
Notes
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