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Grants - Federal and State grants available

Smart and Advanced Manufacturing (SAM) Focus Fund

Program:

  • This program is managed by Elevate Ventures, the state’s venture development partner
  • This fund will make seed and early-stage investments and provide entrepreneurship resources
  • The fund will also identify and encourage IP-to-commercialization opportunities in the manufacturing sector

Value:

  • Total Funding: $3 million
  • Investment: Up to $500,000

Notable Conditions:

  • Minimum 1:1 co-investment

Beneficiaries:

  • Manufacturing-focused startups
  • Companies developing or integrating smart technologies such as 3D printing, data analytics, and augmented or virtual reality (AR/VR)