501992 - Manufacturing 4.0 Technology Investment Grant
Funding Opportunity Details
American Rescue Plan-IEDA
Final Application Deadline:
Status Closed
Posted Date Mar 1, 2023 11:21 AM
Award Amount RangeNo Limit - $75,000.00
Project Dates 04/01/2023 - 04/01/2024
Award Announcement Date 04/01/2023
Categorical Area Community Development,Economic Development
Recurring Opportunity No
Program Officer Anna Lensing
Phone 5153486199 x
Email Anna.Lensing@IowaEDA.com
Description
MANUFACTURING 4.0 GRANT PROGRAMS
Manufacturing Innovation Equipment Grants
Eligible companies can apply for grants up to $50,000 for the purchase of specialized equipment aimed at helping manufacturers increase productivity, efficiency and competitiveness.EXAMPLES
- Machinery acquisition, such as a 3D printer
- Specialized equipment for automation, such as collaborative robotics
- Advanced and autonomous robotics
- Equipment for process improvements
Manufacturing Industrial Internet of Things (IIoT) Infrastructure Investment Grants
Eligible companies can apply for grants up to $25,000 for the purchase of specialized hardware or software in the Industry 4.0 technology groups.EXAMPLES
- IIoT infrastructure hardware, such as enhanced server equipment to enable more cloud computing
- Cybersecurity software
- Predictive maintenance software
- Sensor integration into industrial tools and shop floor machinery to determine wear or flaws
- Industrial wearable technology integration to prevent injury
- Data analytics software/engineering
- Data visualization software
- Augmented reality equipment
- Sensor-driven transmission of real-time information from factory-floor to customers or suppliers
- Radio Frequency Identification (RFID) tagging software and equipment to track inventory
Applicants can apply for one or both grants - the lifetime maximum amount of awards to a single applicant is $75,000.
GRANT REQUIREMENTS
- Match ratio – A minimum 1:1 matching grant ratio is required for both programs. The match must be in the form of cash. Financial support must be provided from a private source.
- Manufacturing 4.0 Assessment – Manufacturers will be required to undergo an assessment by the Center for Industrial Research and Service (CIRAS) to develop a plan for their investment in advance of submitting a grant application. CIRAS is offering these assessments to help manufacturers identify the opportunities and risks associated with Industry 4.0 implementations in their business. A CIRAS assessment can take place at any time in advance of the grant application.
For more information about the assessment, please visit ciras.iastate.edu/industry4-0/.
ELIGIBILITY
- Small- and medium-sized manufacturers (SMEs) with a minimum of three employees and fewer than 150 full-time employees across all locations
- Iowa manufacturers with NAICS codes 31-33, used in the Manufacturing 4.0 report
- A minimum of 51% of applicant’s revenue must be derived from the sale of manufactured goods
- Applicants must have been in operation for at least three years
APPLICATION PROCESS
- Applications will be accepted on a rolling basis and scored competitively until funds are depleted.
- IEDA staff will review applications and may utilize the assistance of a technical review panel for subject matter expertise to review an application.
- Grants will be awarded on a reimbursement basis – no investment can be made prior to the date of the application.
- Grant agreements last one year from the date of award, providing recipients one year to purchase equipment or software, place it in service and seek reimbursement.
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