InnovateMass - Program Backgrond
InnovateMass was specifically designed to provide targeted, strategic support to 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.
Funding is made available once a year, typically in the fall. While most InnovateMass funding rounds accept applications covering a wide array of clean energy technologies, the program may issue specific energy challenges to foster innovation within particular sectors that are priority areas for the MassCEC, or the Commonwealth of Massachusetts.
Additionally, the program provides third-party project management and technical support to ensure that projects are successful. The program technical consultant will meet regularly with awardees to review workplans, discuss and resolve technical and other project-related barriers and review performance monitoring and evaluation plans.