The Healey-Driscoll Administration and the Center for Advanced Manufacturing (CAM), a division of the Massachusetts Technology Collaborative (MassTech), has introduced $1,849,643 in awards to 3 Massachusetts manufacturing corporations by means of the Massachusetts Manufacturing Innovation Initiative (M2I2), program that gives capital grant funding for Massachusetts producers to develop manufacturing, construct native jobs and strengthen key innovation sectors.
The awards are anticipated to create as much as 62 jobs throughout the state.
Governor Maura Healey mentioned: “Massachusetts is dwelling to progressive corporations which are constructing the subsequent era of producing applied sciences, and we’re dedicated to creating certain they’ve the assist to develop right here.
“These awards will assist producers scale new applied sciences, create good jobs, strengthen our provide chains and guarantee Massachusetts continues to steer as a worldwide hub for superior manufacturing and innovation.”
Lieutenant Governor Kim Driscoll mentioned: “Massachusetts leads after we put money into the businesses and employees constructing what’s subsequent. In an effort to keep aggressive, we have to present corporations with the capital and assets to scale.
“These investments assist producers develop, develop manufacturing and ship the type of good jobs communities throughout our state are relying on.”
M2I2 supplies capital grant funding for Massachusetts producers to scale the event of technology-based bodily merchandise generally known as hardtech.
This system leverages federal and personal funding to bridge the hole between innovation and commercialization by means of partnerships between corporations, universities and accelerators.
Financial Improvement Secretary Eric Paley mentioned: “M2I2 grows our manufacturing sector by serving to corporations rent new employees, interact with consultants and switch concepts into actual merchandise.
“By supporting small manufacturing companies, we’re strengthening our superior manufacturing sector and creating new job alternatives for communities throughout our state.”
Since launching in 2016, M2I2 has awarded greater than $121 million in grants to producers throughout Massachusetts, creating greater than 1,300 jobs and offering coaching alternatives for 1000’s of producing college students and employees.
CAM director Lily Fitzgerald mentioned: “The businesses on this spherical of M2I2 awards have been sturdy contenders to construct manufacturing capability in markets that we imagine will drive future competitors.
“CAM is making statewide investments in power effectivity and drug improvement as a result of we perceive innovation in these industries is not going to solely profit small companies, but in addition assist shoppers entry inexpensive and dependable merchandise.”
Awardees
Feon Power, Woburn – $299,643
Feon Power makes use of an in-house AI-driven platform to design superior electrolyte molecules for high-performance batteries.
With this award, the corporate will construct a pilot-scale manufacturing line and battery analysis heart, associate with Northeastern College on analysis and pupil coaching, and work with Activate Boston to assist early-stage manufacturing startups.
Highland Park Applied sciences, Somerville – $700,000
Highland Park Applied sciences (HPT) is creating an insulated cladding system to enhance the power effectivity and resiliency of low-rise residential buildings.
The grant will fund an in-house manufacturing line able to producing 2,000 sq. toes per day within the Larger Boston space together with college partnerships for focused coaching and knowledge-sharing by means of conferences, journals and public clear power companies.
HPT will work with FORGE on manufacturing readiness, manufacturing scale-up and skilled advising.
Terrestrial Bio, Woburn – $850,000
Terrestrial Bio is creating a Microneedle Array Patch (MAP) platform for delivering therapies and vaccines. With this grant, Terrestrial Bio will automate and scale up its manufacturing line in Woburn to supply 1000’s of MAPs monthly.
Terrestrial Bio can even associate with Bunker Hill Group School and North Shore Group School to determine internship and apprenticeship alternatives, publish analysis, and work with MassMEP to share classes discovered with fellow producers.
