Rhode Island Commerce’s Innovation Voucher program unlocks R&D capacity for Rhode Island small businesses. Companies with 500 employees or fewer can receive grants up to $50,000 to work with a state “knowledge provider” to commercialize a new product, process, or service; work on scale-to-market of a new idea; or access scientific, engineering, or design expertise. Rhode Island manufacturers have the option to use the Innovation Voucher to fund an internal R&D project. Grants are reviewed on a rolling basis and are for projects that take between six and twelve months.
At the Conversation Corner, participants will learn about the specifics of the Innovation Voucher process and be able to discuss project, idea, and application viability with Commerce staff.
About Rhode Island Commerce
The Rhode Island Commerce Corporation works with public, private and nonprofit partners to create the conditions for businesses in all sectors to thrive and to improve the quality of life for our citizens by promoting the state’s long-term economic health and prosperity. We offer business assistance, access to funding and red tape reduction for companies of all sizes.