The IRISBF provides grants of up to $3,000 to assist small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR.
Donor Name: Rhode Island Science and Technology Advisory Council
State: Rhode Island
County: All Counties
Type of Grant: Grant
Deadline: 06/30/2023
Size of the Grant: up to $3,000
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.
The IRISBF provides grants to assist small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application.
Funding Information
- The Innovate Rhode Island Small Business Account is a special revenue fund to be administered by the Rhode Island Science & Technology Advisory Council in the amount of $1,000,000 for FY 20.
- Applicants may receive a grant as reimbursement for up to 50% of eligible direct costs up to a maximum of $3000.00 associated with preparing and submitting a Phase I SBIR/STTR grant application.
Who May Apply?
- In order to be eligible for a grant, a business must satisfy the following conditions:
- 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 submitted a qualified SBIR/STTR Phase I proposal to a participating federal agency in response to a specific federal solicitation.
For more information, visit RISTAC.