In partnership with the Indiana Economic Development Corporation (IEDC), Conexus Indiana is now accepting applications for up to $200,000 in matching grants for companies committing to increasing their competitiveness by integrating smart technologies and processes in order to improve capacity, capability, speed and quality. Funding may also be utilized for health care manufacturing technology, providing financial assistance to manufacturers supporting COVID-19 response efforts.
Examples of qualifying smart technologies
Projects should focus on investments in commercial-ready equipment through established vendors, and leverage technologies such as industrial internet of things (IIoT), sensor technology, COBOTS, additive manufacturing (3D printing), big data and analytics, cybersecurity, machine learning, artificial intelligence (AI), digital twin, advanced modeling, blockchain, autonomous robotics or vehicles, augmented, virtual or mixed reality, cloud computing, and advanced communications (5G, etc).
How do Indiana businesses receive reimbursements under the program?
Manufacturing Readiness Grants serve as reimbursements for qualified technologies. Once approved, Indiana businesses must complete the project specified in their grant application followed by submitting documentation (i.e. receipts, other proof of purchase) and undergoing a site visit with project checkoff, prior to receiving the reimbursement.
Grants must be matched by the company on a minimum 1:1 basis and are available up to $200,000. A smaller matching ratio and/or a smaller grant may be awarded based on the company’s evaluation criteria.