The Challenge: Bridging the Funding Gap
To support companies facing the so-called “commercialization valley of death,” a widely-recognized funding gap that exists between early-stage support offered by angel investors and later-stage support historically provided by venture capital and strategic investors.
About InnovateMass
The InnovateMass program provides up to $350,000 in grant funding and technical support to applicant teams deploying new clean energy technologies or innovative combinations of existing technologies with a strong potential for commercialization. Successful applicants will propose projects that address important energy challenges within our four focus areas, help to grow the state’s clean energy economy, and contribute to Massachusetts’ continued clean energy leadership.
The current round of InnovateMass grant funding provides a “Gridtech Spotlight” opportunity to partner with a Massachusetts electric utility on a grid technology demonstration. MassCEC will award at least two Gridtech project proposals in this round. MassCEC will still consider and award non-Gridtech project proposals in this round. Please refer to the accompanying Spotlight Appendix for a list of utility project partnership opportunities and note that concept papers to project partners are due by February 17, 2025.
InnovateMass is a rolling funding program that operates under a quarterly deadline schedule. The next upcoming deadline is March 17, 2025. All applications are reviewed until program funding is exhausted.
