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Innovate Rhode Island Small Business Fund

Matching grants up to published Phase I or Phase II caps · Rhode Island Commerce

Innovate Rhode Island Small Business Fund is a grant programme from Rhode Island Commerce for Rhode Island businesses with a qualifying federal SBIR/STTR award and at least 51% of employees in Rhode Island Current lifecycle: unknown. Real economics: Matching grants up to published Phase I or Phase II caps.

Tier 3governmentrhode-islandgrantnon-dilutive

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Key facts

FunderRhode Island Commerce
AmountMatching grants up to published Phase I or Phase II caps
Decision timeNo dependable application-to-decision interval was published across the reviewed public programme pages.
EligibilityRhode Island businesses with a qualifying federal SBIR/STTR award and at least 51% of employees in Rhode Island
RestrictionsSelected recipients should expect an executed agreement, milestone and expenditure documentation, progress or final reporting, record retention and audit or verification rights; the live award agreement controls exact burden. Funds or services are limited to approved project, commercialization, research, prototype, equipment, personnel or vendor costs under the current solicitation; unrelated, unsupported, duplicate-funded and out-of-period costs are excluded.
Statusclosed

Always confirm on the official page before applying — dates and terms change.

Application process

  1. Confirm that a current solicitation is accepting applications
  2. Review the current programme rules and jurisdiction nexus
  3. Prepare company, technology, budget and commercialization evidence
  4. Submit through the official programme route
  5. Complete technical and economic-impact review
  6. Execute award terms and deliver milestones if selected

Background

Rhode Island Commerce operates Innovate Rhode Island Small Business Fund. This pass separates direct cash, repayable finance, credits, incentives and umbrella programs so later ranking does not compare unlike instruments. The programme is maintained by its official Rhode Island or U.S. economic-development, energy, research or innovation sponsor. The published instrument targets Rhode Island businesses with a qualifying federal SBIR/STTR award and at least 51% of employees in Rhode Island. Award economics vary by solicitation or service voucher and are not normalized into unsupported cash.

How the application really works

Confirm that a current solicitation is accepting applications → Review the current programme rules and jurisdiction nexus → Prepare company, technology, budget and commercialization evidence → Submit through the official programme route → Complete technical and economic-impact review → Execute award terms and deliver milestones if selected

Tips

Watch out for

Track record

The reviewed official pages do not publish a comparable application denominator and acceptance rate for the next solicitation.

Frequently asked questions

Is this actionable now?
unknown. The official programme and agency pages were reviewed on 2026-08-10; no later universally actionable deadline was published, so applicants must verify the next solicitation with the programme team.
What is the real economic value?
Matching grants up to published Phase I or Phase II caps
Who is eligible?
Rhode Island businesses with a qualifying federal SBIR/STTR award and at least 51% of employees in Rhode Island
How does selection work?
Confirm that a current solicitation is accepting applications; Review the current programme rules and jurisdiction nexus; Prepare company, technology, budget and commercialization evidence; Submit through the official programme route; Complete technical and economic-impact review; Execute award terms and deliver milestones if selected. No dependable application-to-decision interval was published across the reviewed public programme pages.
What burden and restrictions apply?
Selected recipients should expect an executed agreement, milestone and expenditure documentation, progress or final reporting, record retention and audit or verification rights; the live award agreement controls exact burden. Funds or services are limited to approved project, commercialization, research, prototype, equipment, personnel or vendor costs under the current solicitation; unrelated, unsupported, duplicate-funded and out-of-period costs are excluded.
What evidence exists?
The programme is maintained by its official Rhode Island or U.S. economic-development, energy, research or innovation sponsor. The published instrument targets Rhode Island businesses with a qualifying federal SBIR/STTR award and at least 51% of employees in Rhode Island. Award economics vary by solicitation or service voucher and are not normalized into unsupported cash. The reviewed official pages do not publish a comparable application denominator and acceptance rate for the next solicitation.

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