MCEDC Business Financing Programs
BEN FRANKLIN PARTNERSHIP: CHALLENGE GRANT PROGRAM
Descriptions: Supports the development and application of new products, technologies, and ideas among entrepreneurs and established companies. Operates regionally with four centers strategically located throughout the Commonwealth.
Eligibility:
- Advanced technology
- Start-ups or existing firms
Eligible Uses:
- Research and development
- Technology transfer
- Joint research and development between private companies and universities
- Entrepreneurial assistance
- Training
Where to Apply: Ben Franklin Technology Partners
Amounts: Services and levels of investment vary by region and by the type and developmental stage of the client's firm
Terms/Conditions: Investments, often with payback provisions. Specific terms may vary by region and by type of assistance provided.
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