Section 42-64.28-4 - Eligible uses(a) Vouchers available under this chapter shall be used for the benefit of small businesses to access technical assistance and other services including, but not limited to: research, technological development, product development, commercialization, market development, technology exploration, and improved business practices that implement strategies to grow business and create operational efficiencies.(b) Vouchers available under this chapter shall be used to provide funding to finance internal research and development by and for small business manufacturers, including, but not limited to: research, technological development, product development, commercialization, market development, technology exploration, and improved business practices that implement strategies to grow business and create operational efficiencies. Subject to appropriation, the commerce corporation shall reserve an amount not to exceed fifty percent (50%) of the voucher program's annual appropriation to be made available in fiscal year 2018 for vouchers awarded to small business manufacturers under this subsection.(c) Matching fund awards shall be used for the benefit of small businesses in industries designated from time to time by the corporation, including without limitation: life science and healthcare, food and agriculture, clean technology and energy efficiency, and cyber security to pay for and access technological assistance, to procure space on flexible terms, and to access capital from organizations, including nonprofit organizations, for-profit organizations, universities, and co-working space businesses. Provided, however, that any business that is evaluating a transition to become an employee-owned business, regardless of industry, shall be an eligible beneficiary of a matching fund award.(d) Grant awards through the invention incentive program shall be used in the form of reimbursement for allowable expenses incurred, per regulations promulgated by the commerce corporation, in connection with the submission of a patent application to the United States Patent and Trademark Office. Reimbursement shall only occur following the submission of a patent application by the eligible recipient. No more than one award per individual shall be allowed.R.I. Gen. Laws § 42-64.28-4
Amended by 2024 Pub. Laws, ch. 117,§ 7-13, eff. 6/17/2024.Amended by 2017 Pub. Laws, ch. 302, § 2-1, eff. 7/1/2017.Added by 2015 Pub. Laws, ch. 141, § 19-11, eff. 6/30/2015.