PROVIDENCE, R.I. (AP) - The Rhode Island Commerce Corporation has awarded more than $450,000 to 11 companies pursuing innovative projects.
The Providence Journal reports (https://bit.ly/1nXRlOO ) the voucher program allows small companies to win up to $50,000 in grants to get research and development assistance from universities or research centers.
The agency’s innovation director says 34 companies applied to the economic incentive program, seeking $1.45 million.
Officials say state leaders allocated $500,000 in the budget for the program.
Biotechnology advances for transplant recipients and renewable wind-energy technology were among the projects that won grants.
Information from: The Providence Journal, https://www.providencejournal.com
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