FORGE Secures New Funding from Connecticut’s MIF fund
FORGE, a nonprofit that connects hardtech startups with product development, manufacturing, and supply chain education and resources, today announced it has received new funding from the Connecticut Department of Economic and Community Development’s Manufacturing Innovation Fund (MIF).
The nonprofit is focused on bringing hardtech startups from prototype to commercialization at scale. They achieve this by providing the tools and advice needed by any startup. The new funding will bridge a critical gap for startups with physical products through non-dilutive product development grants in the range of $30,000 to $100,000, as well as continuing to offer manufacturing readiness education and facilitating right-fit connections to local manufacturers. FORGE aims to use these offerings to drive innovation, create new opportunities to engage with innovation for Connecticut suppliers, and increase advanced product development in the state.
Those interested can submit an application for FORGE’s first $30,000 grant. This grant will be awarded mid November at the CT Innovation Nights event in Stamford, CT. The application deadline is October 4, 2024.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
