Gov. M. Jodi Rell is pledging to help Connecticut companies qualify for matching federal funds to support research in manufacturing and on projects that extend the life of major infrastructure such as bridges, sewer systems and dams.
The Technology Innovation Program (TIP) is supported by the National Institute of Standards and Technology, an arm of the U.S. Department of Commerce.
This year, the TIP grants will be used to support research in manufacturing and infrastructure support. A single company can be eligible for up to $3 million and a joint venture can be eligible for up to $9 million in federal grants.
To be eligible for the federal funds, a company must match the federal money dollar-for-dollar.
To help them do that, Connecticut is making $2 million available through its Manufacturing Assistance Act. The Department of Economic and Community Development will award individual grants to companies on a competitive basis.
“We are making smart, targeted investments in areas we expect will bring a high return,” Rell said. “By assisting these entrepreneurial, high-tech ventures we have the potential to trigger transformational changes in our economy.”
Proposals for the federal program are due June 23. For more information, http://www.nist.gov/tip/comp_09/2009_ffo_final1.pdf.
