Rhode Island General Laws Title 42. State Affairs and Government § 42-64.28-3. Programs established

(a) The Rhode Island commerce corporation shall establish a voucher program and an innovation network program as provided under this chapter. The programs are subject to available appropriations and such other funding as may be dedicated to the programs.

(c) Voucher program. The commerce corporation is authorized to develop and implement an innovation voucher program to provide financing to small businesses to purchase research and development support or other forms of technical assistance and services from Rhode Island institutions of higher education and other providers and to fund research and development by and for small business manufacturers.

(d) Innovation network program. The commerce corporation is authorized to provide innovation grants to organizations, including nonprofit organizations, for-profit organizations, universities, and co-working space operators that offer technical assistance, space on flexible terms, and access to capital to businesses in advanced or targeted industries, or businesses that are evaluating a transition to become employee-owned businesses, regardless of industry. The commerce corporation shall only issue grants under this subsection when those grants are matched by private-sector or nonprofit partners. The commerce corporation shall establish guidelines for appropriate matching criteria under this section, including necessary matching ratios.

(e) Invention incentive program. The commerce corporation is authorized to develop and implement an invention incentive program to provide grants to small businesses and individuals to reduce barriers to filing a patent application. The commerce corporation shall establish guidelines for eligible recipients under this section, including industry, business size, and other criteria.