Commerce Corp. announces? SBIR matching grants

PROVIDENCE – The R.I. Commerce Corp. says companies receiving a Small Business Technology Transfer Phase I awards from the Small Business Innovation Research program can apply for a matching grant of up to $45,000 from the Innovate Rhode Island Small Business Fund. Applications will be accepted until May 1.

To date, the fund has awarded matching grants to 14 federal SBIR Phase I award recipients. The state matching funds have leveraged $2.4 million in federal grants from the departments of defense and energy, the National Science Foundation and the National Institutes of Health. Two of the matching-grant recipients have gone on to win SBIR Phase II awards amounting to $1.25 million. •

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