Remove the thin membrane covering the ribs, if still attached. Season ribs with your favorite all-purpose barbecue rub.
Place trivet in Instant Pot pressure cooker and add seasoned ribs and vegetable broth. Close lid with pressure vent closed and set to Meat/Stew. Let cook 25 minutes and then use the quick release method.
Open lid, remove ribs and cut into individual pieces. Wrap one piece of bacon around each rib, securing with a toothpick.
Place on a greased foil tray on a medium-high heat grill. Grill for 15 minutes, turning ribs every 5 minutes. Brush with barbecue sauce and cook an additional 5-10 minutes. Remove toothpicks and enjoy.