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MassDevelopment Emerging Technology Fund (ETF) is sponsored by MassDevelopment (Massachusetts). The ETF offers loans (not grants, but a relevant funding opportunity) to growing technology companies in Massachusetts that have demonstrated market demand for their products. Funds can be used for acquisition, expansion, capital, or equipment purchases.
A digital health app company could be eligible.
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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.
According to the current listing, eligibility includes: Growing technology companies in Massachusetts with demonstrated market demand for their products. Confirm the full requirements in the official notice before applying.
MassDevelopment Emerging Technology Fund (ETF) is funded by MassDevelopment (Massachusetts). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Massachusetts. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
Past winners and funding trends for this program
The Cummings Foundation's flagship program will award $35 million to roughly 150 eastern-Massachusetts nonprofits in 2027, up from $30 million — and nearly all of it now flows as unrestricted general operating support. Letters of Inquiry opened July 15 and close September 16, 2026. Here is who qualifies, how the multi-year and 10-year tracks work, and how to write an LOI that survives the first cut.
Read articleCummings Foundation grew its annual local program from $30 million to $35 million for 2026 awards, but the dollar increase is the smaller story. Nearly every grant now flows as unrestricted general operating support — the funding nonprofits ask for most and receive least. For eligible Massachusetts organizations, the 2027 cycle opens July 15 with a September 16 letter-of-inquiry deadline. Here is who qualifies, why the shift to operating support changes the calculus, and how a small nonprofit should approach a program that hands out 150 grants a year, most of them chosen by community volunteers.
Read articleThe Cummings Foundation lifted its flagship local grant program from $30M to $35M for 2026, citing government funding cuts and rising costs, while shifting nearly all of its 150 grants to unrestricted general operating support. Here is who qualifies, how the July-to-January application cycle works, and how a Massachusetts nonprofit should build a competitive letter of inquiry.
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