Description
The Massachusetts Technology Collaborative is issuing a Notice of Funding Opportunity for the Massachusetts Manufacturing Accelerator Program to solicit responses from qualified entities interested in receiving grant funding to modernize, adopt technologies, and improve their operations. The program aims to support small- and medium-sized manufacturers in Massachusetts with fewer than 500 employees. The grant funding will be used for capital purchases, such as new or used equipment and software, and will require a match from the manufacturer. The application process will involve an informational webinar, a written application, and a video submission. The evaluation criteria will include company profile, alignment with accelerator priorities, workforce impact, process improvement, and market potential.
• The program will provide grant funding for capital purchases, such as new or used equipment and software.
• The grant funding will require a match from the manufacturer, with a 50% match required for grant sizes up to $100,000 and a 100% match required for grant sizes between $100,001 and $300,000.
• The application process will involve an informational webinar, a written application, and a video submission.
• The evaluation criteria will include company profile, alignment with accelerator priorities, workforce impact, process improvement, and market potential.
• The program aims to support small- and medium-sized manufacturers in Massachusetts with fewer than 500 employees.