URI_Research_Magazine_Momentum_Fall_2020_Melissa-McCarthy

$20,000,000.00

FY2010-FY2020 Cumulative Return on Investment URI Internal Seed Grant Programs

$300,000.00

$18,000,000.00

$250,000.00

In FY2020 the Annual Internal Seed funding more than tripled in

$16,000,000.00

$14,000,000.00

$200,000.00

$12,000,000.00

$150,000.00

$10,000,000.00

$100,000.00

$8,000,000.00

size since 2018 from $89,323 to $346,000.

$6,000,000.00

$50,000.00

$4,000,000.00

$20,000.00

$2,000,000.00

$0

FY2010

FY2011

FY2012

FY2013

FY2014 FY2015 FY2016

FY2017

FY2018

FY2019 FY2020

IMPACTING THE RHODE ISLAND ECONOMY

URI INTELLECTUAL PROPERTY FY2011-FY2020 121 U.S. and Foreign Issued Patents

366 Patent Applications 218 Invention Disclosures 6 Companies Formed: CREmedical, pHLIP, Velobit, Burbank, Labonachip, and Plant Advancement

URI IMPACTING RHODE ISLAND BUSINESS POLARIS MANUFACTURING EXTENSION PROGRAM (MEP) FY2019

$124 Million in New Sales $10 Million in Cost Savings 914 Jobs Created or Retained $17 Million New Investment Capital

RHODE ISLAND SMALL BUSINESS DEVELOPMENT CENTER (FROM 10/1/19 - 9/30/20) 873 Clients Served (67% are existing businesses) 5,378 Hours of Counseling 7,517 Counseling Sessions $26,948,829 Capital Formation (the amount of funding from all sources that RISBDC staff has

assisted clients in receiving) 2,113 Webinar Registrants A significant majority of this impact has occurred since the onset of COVID-19.  

RISBDC-POLARIS-IP