The Michigan Economic Development Corporation (MEDC) Industry 4.0 grant program provides 50% reimbursement for qualifying Industry 4.0 technology costs up to $25,000.
Adopting Industry 4.0 technologies is critical to the success and growth of Michigan’s Small and Midsized Businesses. For example, many Michigan manufacturers are eager to integrate 3D printing into their manufacturing processes. For some small manufacturers, however, the cost of industrial 3D printers is an obstacle.
In recognition of the vital role of 3D printing technology in the future of manufacturing, the $3 million MEDC’s Industry 4.0 Technology Implementation Grant Program specifically includes 3D printers.
Michigan manufacturers as defined by NAICS code and classified as a small business by the Small Business Administration may now apply for co-funding a 3D printer purchase through the Michigan Economic Development Corporation (MEDC) Industry 4.0 Grant Program up to 50% of the cost with a cap of $25K. (See below for full Eligibility Guidelines.)
.As of July 29, 2022, twenty-three small manufacturers in Michigan were awarded a total of nearly $500,000 to help them adopt Industry 4.0 technologies. The amount of increased revenue as a result of implementing these technologies will be approximately $29.9 million, with an estimated 93 jobs created and 283 jobs retained.
Apply for MEDC’s Industry 4.0 Grant and Be Part of Manufacturing’s Next Industrial Revolution
MEDC grants will be reimbursement-based and will cover up to 50% of eligible technologies, with an emphasis on additive manufacturing, AI, and robotics/automation.
By supporting local partners and communities through these regional grants, we are strengthening our state’s leadership in advanced manufacturing and the entrepreneurship and jobs this innovative sector supports for years to come.
– Quentin Messer Jr., CEO of MEDC and President and Chair of the Michigan Strategic Fund (MSF) Board
Grant applications will be accepted on a rolling basis until all funds are allocated.
- Companies must be a manufacturer, as defined by NAICS code
- Proposed project must take place at a Michigan manufacturing facility. Awarded companies will be required to provide a current certificate of good standing from the Michigan Department of Licensing and Regulatory Affairs.
- Companies must be classified as a small business by the Small Business Administration: https://www.sba.gov/federal-contracting/contracting-guide/size-standards
- Companies must complete an I4.0 Technology Assessment by the MMTC prior to award OR provide documentation of an executed strategy for determining which technology to implement
- Companies must be an Essential Member with Automation Alley (free) or be an existing Automation Alley member. For more information visit: https://www.essentialmembership.automationalley.com
The grant application is now open and can be accessed by clicking on the button below. For questions regarding the grant program, please contact your regional I4.0 grant administrator.
NOVASTAR SOLUTIONS – YOUR PARTNER IN ADOPTING HP 3D PRINT TECHNOLOGY
Novastar Solutions sells and services HP 3D Printing technology in Livonia MI. We are making our Michigan prospects and customers aware of the MEDCIndustry 4.0 technology grant program to assist them in their journey towards adopting additive manufacturing.