SBIR workshop planned for June 12

The workshop will focus on the development of winning strategies to increase the number of SBIR grants awarded to Rhode Island businesses. The federal program offers Phase I grants of up to $100,000 and Phase II grants of up to $1 million to fund research at small companies with innovative ideas.

Mark Henry, a well-known SBIR expert, will offer insights from his involvement in more than 700 SBIR proposals. Expected attendees include small companies that want to capitalize on innovative ideas through the SBIR program and larger businesses and government agencies interested in partnering with SBIR companies.

There is a $100 charge per company, for two people to attend. The fee covers breakfast, lunch, breaks and reception. To register, call Cathie Greco at RIMES, (401) 294-3535 or email at cgreco@rimes.org, or register online at www.rimes.org. For further information, call Bob Lobecker at RIMES, (401) 294-3535 x.119, or e-mail blobecker@rimes.org.

R.I.’s CollegeBound fund eclipses $3 billion

PROVIDENCE – The state of Rhode Island’s CollegeBound fund, the Section 529 college-savings plan, has reached more than $3 billion in assets under management for the first time since its inception in November 2000, state officials recently announced.

Gen. Treasurer Paul J. Tavares said in a news release that Rhode Island has the largest 529 plan in the country. The plan, which is managed by Alliance Capital Management LP and administered by the R.I. Higher Education Assistance Authority, has seen its in-state assets multiply by more than eightfold to $70 million since 2000.

The tax-advantaged CollegeBound fund allows participants to invest as little as $1 per month toward their child’s education and offers special benefits to residents of its home state, including low fees and a state tax deduction on up to $1,000 in contributions annually.