The Rhode Island Science and Technology Advisory Council is seeking applications for its SBIR/STTR Phase I Matching Grant Program.
Donor Name: Rhode Island Science and Technology Advisory Council
State: Rhode Island
County: All Counties
Type of Grant: Grant
Deadline: 12/12/2022
Size of the Grant: up to $45,000
Grant Duration: 6 months
Details:
The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs represent the largest source of early-stage, high-risk technology financing in the United States. Eleven federal agencies participate in this program which provides funding for early-stage research and development projects leading to the commercialization of resulting products or services. The programs are designed to benefit entrepreneurs and small businesses — while increasing the competitiveness of the U.S. economy — by funding the development of innovative products and services.
The objective of Phase I is to establish the technical merit, feasibility and commercial potential of the proposed Federal Research/Research & Development (R/R&D) efforts and to determine the quality of the performance of the small business awardee organization prior to providing further Federal support in Phase II.
Funding Information
- The IRISBF provides matching grants of up to $45,000 to assist recipients of SBIR/STTR Phase I awards to pursue the more substantial Phase II awards.
- SBIR Phase I awards normally do not exceed $150,000 total costs for 6 months.
Who May Apply
- Recipients of a SBIR/STTR Phase I or Phase II federal award who satisfy all the following conditions may apply for funding:
- Is a for-profit Rhode Island based-business with fifty (50) or fewer employees. For purposes of this program, a Rhode Island-based business is one that has its principal place of business and at least fifty-one percent (51%) of its employees residing in this state;
- Has received an SBIR/STTR Phase I or Phase II award credited to Rhode Island from a participating federal agency.
For more information, visit RISTAC.