The Fund also supports talent development via: Matching Grant: Provides grants of up to $45,000 to recipients of SBIR/STTR Phase I awards and up to $100,000 to recipients of Phase II awards. The Innovate RI Small Business Fund provides the following grants to assist local entrepreneurs and high-growth start-ups that participate in the Federal Small Business Innovation Research Program and have fewer than 50 employees:Īpplication Grant: Provides grants of up to $3,000 to help small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application. Through the Rhode Island Science and Technology Advisory Council (STAC), funding was developed for small businesses that need capital to innovate, expand, and succeed.
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