501992 - Manufacturing 4.0 Technology Investment Grant
Funding Opportunity Details

American Rescue Plan-IEDA

Final Application Deadline:

Description

• 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.