FuzeHub, the statewide New York Manufacturing Extension Partnership center, has opened a new grant fund as part of its Build4Scale NY initiative, a program that helps innovators and manufacturers take new products to market and more rapidly expand their operations in New York state.
The Build4Scale NY fund will provide startups and product innovators with grants of as much as $10,000 to launch or accelerate manufacturing projects.
“Access to funding tends to be a significant barrier for a lot of startups and small manufacturers,” FuzeHub Executive Director Elena Garuc said in a press release. “The Build4Scale NY fund will help alleviate the financial obstacles they encounter when trying to scale a new product. It will award grants to support great ideas and inventions that will generate new manufacturing activity and help create jobs in New York state.”
The fund is an element of the overall Build4Scale NY program, which provides training, one-on-one guidance and matchmaking to state resources and contract manufacturers. It provides companies with individualized support to address specific needs, solve unique challenges and spark growth.
Build4Scale NY is a membership program that is open to startups, early-stage developers of physical products and small to medium-sized manufacturers across New York state. Funding will be awarded to member companies that are pursuing projects aligned with a set of requirements, which include company readiness, project fit, aligned resources and location in the state.
FuzeHub will award Build4Scale NY grants of varying values, up to $10,000. A total of $140,000 in grant funding is available.
To apply, companies can visit fuzehub.com/build4scale-ny/membership.
For more information about Build4Scale NY membership, training, workshops,resources and grant funding visit fuzehub.com/build4scale-ny.