Learn more about the RI Commerce Innovation Voucher Program!
The Innovation Voucher program is part of Rhode Island Commerce’s Innovation Initiatives Portfolio created to support Rhode Island’s small businesses and entrepreneurs. The Innovation Voucher funds strategic investments in local businesses that catalyze growth through research and development (R&D) innovation.
Rhode Island manufacturers can access funding for internal research and development through the Manufacturing Voucher. This voucher supports specific R&D projects that Rhode Island manufacturers need to advance or reinvent their product offerings and remain competitive within their industry.
Rhode Island Commerce is accepting applications for the next Innovation Voucher funding round until November 4, 2025 at 5pm EST.
Register now for the virtual Info Session on October 15, 2025, at 12:00 pm to learn more about the application process and this opportunity.
At a glance information below. Review the Rule & Regulations and more information at commerceri.com/innovation-voucher.
Voucher Use
- The commercialization of a new product, process or service
- Access to scientific, engineering, and design expertise that fits an innovation need
- Technological development and exploration to make an innovation come to life; and/or
- Scale-to-market development of an innovative idea
Targeted Industries
- Advanced Materials
- Ocean Economy
- Defense
- Energy and Environment
- Food Systems
- Life Sciences
Eligibility
- Must be a small business (500 employees or less)
- Must be registered to do business in Rhode Island
- Must have 51% of employees in Rhode Island
- If you are seeking a Knowledge Provider Voucher, you must partner with a College, University, Research Institute, Research Laboratory or Hospital
- If you are seeking a Manufacturing Voucher, you must have a manufacturing NAICS code