§ 42-64.16-1. Establishment of incentive program. (a) There is hereby established the Innovate Rhode Island Small Business Incentive Program SBIR/STTR to be administered by the Rhode Island Science and Technology Advisory Council (STAC). In order to foster job creation and economic development in the state, STAC may provide grants to eligible businesses to offset costs […]
§ 42-64.16-2. Establishment of matching funds program. (a) There is established the Rhode Island SBIR/STTR Matching Funds Program to be administered by STAC. In order to foster job creation and economic development in the state, STAC may provide grants to eligible businesses to match funds received by a business as a SBIR or STTR Phase […]
§ 42-64.16-3. Establishment of bioscience & engineering internship program. (a) There is hereby established the Innovate Rhode Island Bioscience & Engineering Internship Program to be administered by STAC. In order to promote workforce development and education in the bioscience and engineering fields and enhance the talent pipeline for Rhode Island businesses engaged in the biosciences […]
§ 42-64.16-4. Program guidelines. STAC shall develop guidelines related to the administration of the programs established by this chapter. At least twenty (20) days before the effective date of any guidelines or nontechnical amendments to guidelines, STAC must publish the proposed guidelines on STAC website and provide notice to persons who have requested notice of […]
§ 42-64.16-5. Innovate Rhode Island Small Business Account established as a special revenue fund. (a) Establishment. The Innovate Rhode Island Small Business Account is hereby established as a special revenue fund in STAC. (b) Purpose. The Innovate Rhode Island Small Business Account (“IRISBA”) shall be used for the Rhode Island SBIR/STTR Incentive Program, the Rhode […]
§ 42-64.16-6. Reports. STAC shall publish a report on the use of funds in the Innovate Rhode Island Small Business Account (“IRISBA”) at the end of each fiscal quarter. The report shall contain information on the commitment, disbursement, and use of funds allocated under the (IRISBA). The report is due no later than one month […]
