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Innovation Voucher Program

Innovation Voucher Program

Funds Rhode Island small businesses partnering with research institutions to advance manufacturing innovation.

Between cyclesRhode Island Commerce CorporationUnited StatesEligible in Rhode Island
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About

Rhode Island Commerce Corporation's Innovation Voucher Program provides grants of up to $75,000 to Rhode Island small businesses to fund research and development projects that drive growth and commercialization. The program operates through two distinct voucher types: a Knowledge Provider Voucher, which funds R&D partnerships between small businesses and local colleges, universities, research inst…

What this grant funds

R&D projects that drive growth and commercialization in Advanced Materials, Ocean Economy, Defense, Energy and Environment, Food Systems, and Life Sciences.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Timeline

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Last verified: 24 Jul 2026Source: commerceri.com