Fuze Hub Announces Manufacturing Innovation Fund
While attending a recent New York State Center of Excellence event we learned that: Fuze Hub recently announced the Jeff Lawrence Manufacturing Innovation Fund, a Manufacturing Innovation Grant that is available to non-profit organizations in New York State, quarterly.
Applicants must demonstrate industry partnerships through which the project will benefit companies, especially manufacturers or early stage companies with projects relevant to the manufacturing sector. Non-profit organizations in New York State, including non-profit institutions of higher education, are eligible to serve as lead applicants for Manufacturing Innovation Grants. Applicants must demonstrate industry partnerships through which the project will benefit companies, especially manufacturers or early stage companies with projects relevant to the manufacturing sector.
(Just a note to clarify: A For-Profit Manufacturing Client and their For-Profit vendor such as ASG would apply for the grant through a partnership with a Non-Profit organization such as UB.)
Manufacturing Innovations Grants are developed to offset the costs of assisting companies with the following types of projects:
- Prototype development
- Proof-of-concept manufacturing
- Manufacturing-related equipment purchases
- Manufacturing scale-up
- Market validation
- Other projects to advance manufacturing or manufacturing capabilities
Applications for the Manufacturing Innovation Fund are accepted quarterly, and awards range from $25,000 to $75,000. Applicant teams involving industry partners with 50 or more employees are required to contribute a match according to the sliding scale, with at least 50% of the match in the form of cash equity. Essentially, this is FREE money toward your next manufacturing innovation!
Let ASG play a part in your manufacturing innovation. Our Engineers can help you develop new manufacturing automation systems or update your old systems with current technology – as we have for many companies since 1993. The next Manufacturing Innovation Grant application round opens on Friday, June 2, 2017 and will close on Friday, June 30, 2017.
For learn more about Fuze Hub’s Manufacturing Innovation Fund, visit: https://fuzehub.com/manufacturing-innovation-fund/
Contact ASGto learn how we can help you plan your next Manufacturing Innovation for your Fuze Hub funding application.