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Futureworks NYC Growth Initiative

Grants to New York City Early-Stage Businesses
to Develop New Manufacturing Technology

Agency Type:

Foundation / Corporation

Funding Source:

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New York City Economic Development Corporation (NYCEDC)

LOI Date:

10/31/16

Deadline Date:

11/14/16 5:00 PM

Description:

Request a Grant Writer

Grants of up to $30,000 to New York City early-stage businesses to develop advanced technologies in manufacturing. Questions may be submitted through October 31. The purpose of this program is to support the development of high-potential companies that are working to bring advanced technologies to the market.

GrantWatch ID#:

GrantWatch ID#: 166187

Estimated Size of Grant:

Up to $30,000

Term of Contract:

Project duration is 2 years.

Additional Eligibility Criteria:

Businesses eligible for that program should:

-Be using and/or developing advanced manufacturing technologies* to produce tangible goods.
-Have been incorporated for at least one year.
-Have less than 15 full-time equivalent employees.
-Have generated revenues and / or piloted products.
-Not have received institutional financing**.

*Advanced manufacturing technologies should be understood broadly as activities that (a) depend on the use and coordination of information, automation, computation, software, sensing, and networking, and/or (b) make use of cutting-edge materials and emerging capabilities to manufacture existing and new products emerging from new advanced technologies.

** Institutional financing should be understood as funding received by a professionally managed investment fund (Series A round and above). Financing received through angel investors and / or crowdfunding sources will not be considered institutional financing.

Pre-Application Information:

Respondents may submit questions and/or request clarifications from NYCEDC no later than 5:00 PM on October 31, 2016. Questions regarding the subject matter of this application should be directed to futureworksnycgrowth@edc.nyc. Responses will be posted on the website by 5:00 PM on November 7, 2016.

Eligible companies should download the application form and submit all required documentation by Monday, November 14, 2016, at futureworksnycgrowth@edc.nyc.

Companies selected for the second round will be announced late December. Selected companies will participate in a short phone or in-person interview, and will have to submit additional information

NYCEDC plans to select funding recipients on the basis of factors which include, but are not limited to, the experience and commitment of the founders of the companies, the strength of the business model, the potential to scale, and the founders’ understanding of the industry context and technology.

NYCEDC staff will review the information provided and anticipates awarding funding by mid-January subject to entering into an agreement with NYCEDC.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

futureworksnycgrowth@edc.nyc

Grant Coverage Areas:

Companies in New York City may apply.

URL for Full Text (RFP):

Geographic Focus:

USA: New York City;   New York

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