- Must be a Manufacturer or Allied Service Provider (Allied Service Providers only include companies that physically interact with a manufactured good to alter the product - for example industrial Heat Treaters and industrial Platers).
- Must have a manufacturing facility in Connecticut or relocating operations to CT.
- Must be registered for at least 3-years and currently generating revenue.
- 51% or more of the company’s revenue must be generated from the sale of goods the applicant manufactures or from allied services provided to manufacturers.
- Must have at least 3 full-time employees and fewer than 300 employees.
- Proposed project value must be at least $10,000.
- Must be operating in an appropriately zoned commercial area.
- Must not have received $50K or more from MVP program previously.
- Must be in Good Standing with both the CT Department of Revenue Services and CT Department of Labor at time of application submission.
Currently Processing Applications received on
Oct 15 2018
Welcome, Connecticut Manufacturers!
Connecticut manufacturing is renowned for its innovation, quality, and value.
To help keep pace with state-of-the art product development and manufacturing technology, the Manufacturing Innovation Fund Voucher Program provides companies with access to capital to help them obtain new equipment and the expertise they need to become more efficient, productive, and competitive.
Here’s how it works:
- Eligible companies can apply for vouchers up to $50,000 for the purchase of specialized equipment and expertise that will help improve operations, including marketing, LEAN, compliance, and other technical needs.
- Participating companies must pay half of the cost.
A program of the Connecticut Manufacturing Innovation Fund, the voucher program is a partnership of the state Department of Economic and Community Development (DECD) and the Connecticut Center for Advanced Technology, Inc (CCAT).
Want to learn more?
Here are some Frequently Asked Questions (FAQs):
- Assistance with new machinery acquisition
- Technical experts in universities, educational institutions, nonprofits, or other organizations to solve engineering, marketing and other challenges, i.e. workforce development, supply chain network development, technology insertion, research and development
- Market analysis
- Business development
- Patenting, licensing
- Financial transition and market growth planning
- Testing or research to support proof of principle
- Prototype development
- Process Improvements
- Commercialization and innovation services
- Specialized Equipment for automation
- Compliance and Monitoring activities
- Tooling development and manufacture
- Other such costs that the Advisory Board and/or DECD deems eligible.
- Total project value must be at least $10,000.
- A third-party vendor or service provider must be used to execute the proposed project.
- Only projects that commence after submission of your application will be considered for funding.
- Applicants must match grant awards dollar for dollar.
- Companies that receive an award under this program will be required to complete an impact report 6 months following the project's commencement.
- A project quote from a Vendor or Service Provider
- A Budget Form for your project, included in the application packet.
- A status letter of Good Standing from the state Department of Revenue Services (DRS)
- A status letter of Good Standing from the state Department of Labor (DOL)
- Evidence of the ability to meet the required funding match (i.e. bank statement, credit line availability, approved loan document, etc).
- The processing time depends on the number of applications ahead of yours in the queue
- You will be notified when your application comes up for review.
- You can monitor processing status online at http://ctmvp.ccat.us
- It is up to the applicant to select a vendor or service provider that is appropriate for the proposed project.
- Vouchers are awarded on a first-come first-served basis.
- Funding is provided in the form of a check.
- Checks are issued approximately 30 days following completion of the required award documents.
- Once your application is approved, vouchers are awarded on a first-come first-served basis.
- Payment is subject to the availability of state funding for the program.
Interested in applying? Fill out an Application