Strategy 5: Increase Research Activity and New Company Creation
Increasing Rhode Island’s research and development capacity and enabling entrepreneurship is critical to creating economic growth.
Action: Strengthen the Rhode Island Research Alliance
The Rhode Island Science and Technology Advisory Council created the Rhode Island Research Alliance to promote collaboration across the state’s research institutions, attract federal R&D investment and increase the state’s R&D capacity. The Alliance will assess collaborative research opportunities, assist with the preparation of collaborative proposals to federal funding agencies and support the development and marketing of shared laboratory facilities.
Action: Strengthen the Slater Technology Fund and expand its life science incubator
Supporting entrepreneurs is essential for new company creation and accelerating growth in Rhode Island’s life sciences industry. Expanding the Slater Technology Fund’s life sciences incubator and relocating the facility to Providence’s Jewelry district will deepen the state’s capacity for launching compelling new ventures and creating high-wage jobs.