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Innovation Network Matching Grants
The Innovation Network Matching Grant Program is part of Rhode Island Commerce’s Innovation Initiatives Portfolio, created to foster innovation in small businesses and further advance the competitiveness of Rhode Island’s companies in the national and global economies.
The Innovation Network Matching Grant Program provides grants to organizations that provide support to small businesses through one or more of the following ways:
- Technical assistance
- Space on flexible terms
- Access to capital
Key Components of the Grant:
- Minimum of $50,000 in funding request, with at least a 50 percent match (cash or in-kind)
- There is no maximum grant amount but typical grants in the program are around $75,000-$125,000
- Eligible applicants include nonprofits, universities and co-working space operators
- Applicant must offer support to small businesses (500 or fewer employees) that are either:
- In targeted industries, including but not limited to life sciences, food and agriculture, clean energy, defense, design, manufacturing, cyber security or blue economy, or
- evaluating a transition to an employee-ownership, regardless of industry
References
Application Deadline
The Innovation Network Matching Grant application deadline is this Friday, March 14 at 5 p.m. EST. Applications are submitted via the webpage.