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Rolling application. Contact Kevin M. Barry, Senior VP at (617) 330-2000. Massachusetts-based technology companies only.
The Emerging Technology Fund (ETF) is a loan program from MassDevelopment that funds growing technology companies located in or relocating to Massachusetts. The ETF provides loans of up to $4,000,000 for expansion activities including working capital, equipment purchases, and real estate improvement or acquisition.
Eligible companies must have strong management teams, demonstrated technical development, proven market demand, and solid financial records; financing must also come from two additional parties beyond the ETF. The fund serves technology companies across sectors including defense, homeland security, and clean technology.
Additionally, the ETF offers SBIR Bridge Loans of up to $250,000 for Massachusetts-based SBIR grant recipients awaiting federal funding disbursement, advancing up to 90 percent of eligible award amounts.
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Emerging Technology Fund - MassDevelopment Designed to help growing technology companies. We work with companies located in or relocating to Massachusetts that have strong management teams, demonstrated technical developments, shown market demand for their products, and proven financial records. Your company is off and running, and you’re ready to go to the next level—that’s when you come to us.
The Emerging Technology Fund (ETF) is designed to help growing companies like yours find the capital you need. The ETF makes loans of up to $4,000,000 to technology companies for expansion, working capital, or equipment purchases. Combined with MassDevelopment’s other offerings, we can help you deliver the products essential for a thriving economy.
ETF Powers OnPoint Surgical’s Expansion A $4 million loan from MassDevelopment’s Emerging Technology Fund helped OnPoint Surgical hire new... ETF Invests $1. 3M in SCV to Drive Growth and Hiring MassDevelopment provided a $1.
3 million loan from its Emerging Technology Fund to SCV Holdings Inc.,... $4M Investment Advances indiGOtech’s Smart Electric Vehicle Innovation MassDevelopment provided a $4 million loan from its Emerging Technology Fund to Indigo Technologies...
Frequently Asked Questions To qualify for the ETF program, you must be a technology company that: Is considering launching or expanding manufacturing operations in Massachusetts Seeks financing for the purchase, expansion, or improvement of real estate; the purchase of equipment; or working capital for growth Will receive financing from two parties other than the ETF Can ensure your financial investment benefits the Massachusetts economy We help proven technology companies of all kinds looking to expand in Massachusetts, including: Defense / Homeland Security What are SBIR Bridge Loans?
The Small Business Innovation Research (SBIR) Bridge Loans through the ETF are for Massachusetts-based recipients of federal SBIR grants, which are federal grants that fund research and development projects at small businesses to help them explore their technological potential.
SBIR grant awardees typically wait three to nine months for their grant funds; the SBIR Bridge Loans bridge the time between the SBIR award and the time the grant is funded, increasing the value of the SBIR grants by putting the money to work faster. Companies that have committed federal SBIR grants may apply. SBIR Bridge Loan facilities may be up to $250,000.
Loans will advance up to 90 percent of eligible grant milestone payments. Loan advances must be repaid when the SBIR grant milestone payments are received. MassDevelopment will take a first lien on all business assets of the borrowing companies until fully repaid.
What’s the advantage of Venture Debt? Venture debt provides emerging-growth companies the capital they require without unnecessary dilution. The table below shows typical ranges for terms and costs from the private sector and the Emerging Technology Fund, a venture debt program offered by the Commonwealth of Massachusetts.
Venture Debt Cost Comparison Is your business ready for venture debt? Download our white paper. Senior Vice President Emerging Technology Fund
Scoring criteria used to review proposals for this grant.
Based on current listing details, eligibility includes: Growing technology companies with demonstrated market demand for their products, located in Massachusetts. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Funding amounts vary based on project scope and sponsor guidance. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
Past winners and funding trends for this program