The Rhode Island Science and Technology Advisory Council is accepting applications for its SBIR/STTR Phase II 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: $100,000
Grant Duration: 2 years
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 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 II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II. Only Phase I awardees are eligible for a Phase II award. SBIR Phase II awards do not normally exceed $1,000,000 total costs for 2 years.
Funding Information
- The State of Rhode Island FY20 budget appropriated $1,000,000 to this account to support Innovate Rhode Island Small Business Fund programs.
- For Phase II awards, applicants may apply for a matching grant of 10% of the Phase II award not to exceed $100,000.
- SBIR Phase II awards do not normally exceed $1,000,000 total costs for 2 years.
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.