Grants to Defray SBIR/STTR Phase I Application Costs
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 over $2 billion 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. Agencies award grants to explore the technical merit of an idea or technology in response to a specific agency topical need. 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.
Experiential learning opportunities, including internships, are a key method for students to explore career possibilities, gain hands-on experience and meet people in industry in their field of study. For the company, it is a critical workforce development tool. The Innovate Small Business Rhode Island Fund Internship Grant Program provides grants of up to $3,000 to assist companies in the life sciences and engineering sectors defray the costs of providing internships and mentoring to eligible Rhode Island residents attending a college or university in Rhode Island.