December 10, 2014

Connecticut Manufacturing Innovation Fund is Now Accepting Applications for Matching Grant Voucher Program

This past session, the legislature passed a bill creating the Connecticut Manufacturing Innovation Fund (CMIF). CMIF was intended to provide Connecticut manufacturers with resources to meet demand for their products and strengthen the state’s manufacturing sector.

Governor Malloy recently announced the approval of a $3.5 million matching grant voucher program as a part of CMIF. The voucher program, funded by the Department of Economic and Community Development (DECD) and administered by the Connecticut Center for Advanced Technology (CCAT), provides financial assistance to eligible Connecticut manufacturers to help them undertake innovative projects that will improve productivity, efficiency, and competitiveness. The program will award grants in amounts from $5,000 to $50,000, and grant recipients must match awards dollar for dollar. Recipients may use grant funds for many different purposes, including accessing technical experts, training employees, developing prototypes, and improving processes.

CCAT is administering the program on a first-come, first-served basis, and those interested must submit an application on CCAT’s website to be placed in the queue for funding consideration. For more information on the program, including eligibility and application requirements, visit CCAT’s website.