- Must be a Manufacturer or Allied Service Provider (Allied Service Providers only include companies that physically interact with a manufactured good to alter the product - for example industrial Heat Treaters and industrial Platers).
- Must have a manufacturing facility in Connecticut or relocating operations to CT.
- Must be registered for at least 3-years and currently generating revenue.
- 51% or more of the company's revenue must be generated from the sale of goods the applicant manufactures or from allied services provided to manufacturers.
- Must have at least 3 full-time employees and fewer than 300 employees.
- Proposed project value must be at least $5,000.
- The company's manufacturing facility must be operating in an appropriately zoned commercial area.
- Must not have received $20K or more from IVP program previously.
- Must be in Good Standing with both the CT Department of Revenue Services and CT Department of Labor at time of application submission.
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This grant program is intended to help Connecticut supply chain companies with the adoption and integration of IoT solutions. The program will provide matching grants up to $20,000 for hardware, sensors, platforms, and related third-party integration services. Project proposals that fall under any of the four Industrial 4.0 technology groups: Industrial IoT, Big Data and Analytics, Additive Manufacturing, and Automation will be considered for funding. The goal of this program is to ensure that the Connecticut supply chain is positioned to implement modern digital manufacturing tools so that they can continue to compete favorably against any manufacturing sector in the world!
Here's how it works:
- Eligible companies can apply for vouchers up to $20,000 for the adoption and integration of IoT solutions.
- Participating companies must pay half of the cost.
- Applicants must be seeking assistance for a project they are actively contemplating but have yet to commit to. Projects where a contract has been signed, a Purchase Order placed, or a deposit made in advance of submitting an IVP application WILL NOT be considered for funding.
A program of the Connecticut Manufacturing Innovation Fund, the IVP program is a partnership of the state Department of Economic and Community Development (DECD) and the Connecticut Center for Advanced Technology, Inc (CCAT).
CONNECTICUT CENTER FOR ADVANCED TECHNOLOGY
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Here are some Frequently Asked Questions (FAQs):
Typical uses of this funding include, but are not limited to the following:
- Acquisition of hardware and software in the Industry 4.0 Technology groups.
- Third-party consultants retained to (a) evaluate the suitability of the company's data infrastructure and procedures for the proposed initiative or (b) advise the company in selecting and implementing such hardware and software, except that the matching grant portion related to these third-party consulting fees shall be limited to a maximum of $5,000.
- Other such costs that the Advisory Board and/or DECD deems eligible.
- IoT Infrastructure Hardware.
- Predictive maintenance software.
- Collaborative robotics.
- Sensor integration into industrial tools & shop floor machinery.
- Industrial Smart Glasses Integration.
- Industrial Wearable Technology Integration.
- Industrial Track and Trace Technology Integration.
- Sensor Driven Assembly and Repair Instructions.
- Sensor driven transmission of real-time info from factory floor to customers or suppliers.
- Centrally connecting and monitoring real-time production data of multiple facilities.
- Data Analytics software/Engineering.
- Data Visualization software.
The program has specifically identified the following activities as ineligible uses of the funds:
- Debt restructuring
- Ongoing operational costs
- Loan payments
- Costs related to the sale of disposal of business assets.
- Workforce training
- Vehicles Requiring DMV Registration
- Total project value must be at least $5,000.
- A third-party vendor or service provider must be used to execute the proposed project.
- Only projects that commence after submission of your application will be considered for funding.
- Applicants must match grant awards dollar for dollar.
- Companies that receive an award under this program will be required to complete an impact report 6 months following the project's commencement.
- A project quote from a Vendor or Service Provider
- A Budget Form for your project, included in the application packet.
- A status letter of Good Standing from the state Department of Revenue Services (DRS)
- A status letter of Good Standing from the state Department of Labor (DOL)
- Evidence of the ability to meet the required funding match (i.e. bank statement, credit line availability, approved loan document, etc).
- The processing time depends on the number of applications ahead of yours in the queue.
- You will be notified when your application comes up for review.
- You can monitor processing status online at http://ctivp.ccat.us
- It is up to the applicant to select a vendor or service provider that is appropriate for the proposed project.
- Vouchers are awarded on a first-come first-served basis.
- Funding is provided in the form of a check.
- Checks are issued approximately 30 days following completion of the required award documents.
- Payment is subject to the availability of state funding for the program.
- Once your application is approved, vouchers are awarded on a first-come first-served basis.
Interested in applying? Register & Fill out an Application