Please note that new eligibility criteria for the MVP Program was established in June 2020. All applications pending at that time and all future applications will be evaluated based on the new criteria shown herein.

Currently Processing Applications received on

Aug 16 2019


CONNECTICUT CENTER FOR ADVANCED TECHNOLOGY

CCAT validates and demonstrates leading-edge technologies and assists companies in adopting those technologies into the business operation. In addition, CCAT provides incumbent worker and advanced training to enable the business to fully utilize the new technology.

Yasda 5-Axis Milling Machine

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:

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):

Who can apply?
  • 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 no more than 100.
  • Proposed project value must be at least $10,000.
  • Must be operating in an appropriately zoned commercial area.
  • Must not have received an MVP award subsequent to June 30, 2018.
  • Must be in Good Standing with both the CT Department of Revenue Services and CT Department of Labor at time of application submission.
What are the eligible uses of funds?
  • 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
  • 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
  • Tooling development and manufacture
  • Other such costs that the Advisory Board and/or DECD deems eligible.
What are the in-eligible uses of funds?

The program has specifically identified the following activities as ineligible uses of the funds:

  • Debt restructuring
  • Ongoing operational costs/Working Capital
  • Loan payments
  • Costs related to the sale of disposal of business assets.
  • Lobbying
  • Workforce training
  • Motor Vehicles Requiring DMV Registration
  • Real Estate Acquisition
  • Construction related activities
What are the Manufacturing Innovation Fund Voucher Program requirements?
  • 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.
  • A project match of 1:1 to 3:1 will need to be provided.
  • Companies that receive an award under this program will be required to complete an impact report 6 months following the project's commencement.
What are the Matching Requirements?

Any award amount must be cash matched by the applicant as follows:

First Time Applicants

  • 1:1 for the first $25,000
  • 2:1 for the remainder up to $24,000 (Greater match for prior grant recipients (see below)
EXAMPLES
Example Funding Request Match 1:1 Match 2:1 Match 3:1 Min Total Project Cost
1 $5,000 $5,000 0 0 $10,000
2 $25,000 $25,000 0 0 $50,000
3 $35,000 $25,000 $20,000 0 $80,000
4 $49,000 $25,000 $48,000 0 $122,000

Repeat Applicants

(those who received awards prior to June 30, 2018)
  • 3:1 for any amount up to the maximum award of $49,000
EXAMPLES
Example Funding Request Match 1:1 Match 2:1 Match 3:1 Min Total Project Cost
1 $5,000 0 0 $15,000 $20,000
2 $25,000 0 0 $75,000 $100,000
3 $35,000 0 0 $105,000 $140,000
4 $49,000 0 0 $147,000 $196,000
What information do I need to provide with my application?
  • A project quote from a Vendor or Service Provider
  • A program provided Budget Form for your project.
  • 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).
  • Certificate of Insurance naming State of Connecticut DECD as Additional Insured
How long does it take for my application to be processed?
  • 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
Who selects the vendor or service provider?
  • It is up to the applicant to select a vendor or service provider that is appropriate for the proposed project.
How are vouchers distributed?
  • 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.
Am I guaranteed a voucher if my application is approved?
  • Payment is subject to the availability of state funding for the program.

Interested in applying?     Fill out an Application