URI_Research_Magazine_Momentum_Fall_2018_Melissa-McCarthy

$18,000,000.00

$4,988,715.78

FY2009-2017 Cumulative Return on Investment URI Internal Seed Grant Programs

“In FY2019 the Annual Internal Seed funding will triple in size.” - Peter J. Snyder, Ph.D. URI Vice President for Research and Economic Development

$16,000,000.00

$2,267,598.08

$14,000,000.00

$1,030,726.40

$12,000,000.00

$468,512.00

$10,000,000.00

$212,960.00

$8,000,000.00

$96,800.00

$6,000,000.00

$44,000.00

$4,000,000.00

$20,000.00

$2,000,000.00

$0.00

2009 - 2010

2010- 2011 2011 - 2012 2012- 2013 2013 - 2014 2014- 2015 2015 - 2016 2016- 2017

URI Intellectual property FY2011-FY2018 91 U.S. and Foreign Issued Patents 290 Patent Applications 159 Invention Disclosures 6 Companies Formed: CREmedical, pHLIP, Velobit, Burbank, Labonachip, and Plant Advancement URI Impacting Rhode Island Business Polaris Manufacturing Extension Program (MEP) FY2018 Engaged with more than 200 Rhode Island manufacturers during the past year $27.6 Million total increased or retained sales $551,000 in cost savings 138 jobs added or retained $4.5 Million new client investments For every $1 of federal investment, Polaris MEP generates $17.9 in new sales growth for manufactures. For every $1,501 of federal investment, Polaris MEP creates or retains one manufacturing job. 1 Manufacturing job = 2.5 Local Service Jobs Rhode Island Small Business Development Center Total number of clients served: 533 Total number of counseling/prep hours delivered by the counseling staff: 5,511 Total number of counseling sessions: 3,001 Total capital formation (this is the amount of money RISBDC counselors have helped business owners to access through loans, investors, etc.): $13,339,526 Impacting the Rhode Island Economy

RISBDC-POLARIS-IP