Innovation Voucher Program
Grants can be applied to
- support for commercialization of a new product, process, or service
- access to scientific, engineering, and design expertise
- technological development and exploration to make your innovation come to life
- scale-to-market development of your innovative idea
Industry Cluster Grants
Innovation Network Matching Grants
The Wavemaker Fellowship
CommerceRI facilitates its award-winning Wavemaker Fellowship program, which provides student loan debt relief to qualified candidates working in STEM (science, technology, engineering, and mathematics) and design fields in Rhode Island. This publicly funded program is committed to keeping the best and brightest in Rhode Island after graduation, and ensures a robust talent pool for the state’s growing businesses.
The program offers qualifying individuals a refundable tax credit certificate equal to the value of their annual student loan burden for up to four years. In addition to the financial benefit, fellows are invited to participate in various personal and professional development programs, social and professional networking opportunities, community-based events, and more.
Wavemaker Fellowship Director
Science and Technology Grants
Science and Technology Grants
The Rhode Island Science and Technology Advisory Council (STAC)
STAC was launched in 2005 and sustained by legislative statute in 2006 to make innovation central to the state’s leadership agenda. Through this council, funding was developed for small businesses that need capital to innovate, expand, and succeed.
Innovate RI Small Business Fund
The Innovate RI Small Business Fund provides the following grants to assist local entrepreneurs and high-growth start-ups:
- Application Grant: Provides grants of up to $3,000 to help small businesses offset the costs associated with preparing a competitive Phase I SBIR/STTR application.
- Matching Grant: Provides grants of up to $45,000 to recipients of SBIR/STTR Phase I awards and up to $100,000 to recipients of Phase II awards.
- Internship Grant: Provides grants of up to $3,000 to help companies offset the cost of providing internships to RI residents attending a RI college or university.
Collaborative Research Grants
Competitive funding is offered each year as part of STAC’s participation in Rhode Island’s Cooperative Agreement with the National Science Foundation’s (NSF) Established Program to Stimulate Competitive Research (EPSCoR). Collaborative Research projects are eligible that address research questions related to the current Rhode Island NSF EPSCoR Track-1 that will create the RI Consortium for Coastal Ecology Assessment, Innovation, and Modeling (RI C-AIM). Project teams must be collaborative in nature and include investigators from at least two RI C-AIM partner institutions. These include the University of Rhode Island, Brown University, Bryant University, Providence College, Rhode Island College, the Rhode Island School of Design, Roger Williams University, and Salve Regina University. Business and government organizations may be part of a collaboration of academic partners.
Learn more about STAC and its funding and grant opportunities
Rhode Island Innovation Campus
These Innovation Campuses are envisioned as facilities designed to stimulate collaborative research and development projects among academic and corporate tenants, with the goals of job growth and catalytic statewide impact. The campuses pair world-class, cutting-edge research with proven industry leadership and investment.
The Executive Office of Commerce initiated a competitive solicitation process with the release of a Request for Proposals (RFP). Activity and discussions related to the RFP are not part of any CommerceRI procurement process.