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FuzeHub

North America, New York, United States, Albany

Description

FuzeHub is a prominent not-for-profit organization based in Albany, New York, dedicated to supporting the growth and competitiveness of small- and medium-sized manufacturing companies across New York State. As the statewide New York Manufacturing Extension Partnership (MEP) center, an affiliate of the National Institute of Standards and Technology (NIST) MEP, FuzeHub plays a crucial role in connecting manufacturers with the resources, expertise, and funding necessary to innovate, improve operations, and expand their capabilities. Their mission extends beyond just financial assistance, encompassing a broad spectrum of support services, including technology commercialization, workforce development, and supply chain optimization, all aimed at strengthening the state's manufacturing ecosystem.

A cornerstone of FuzeHub's direct support is its Manufacturing Grants Program. This program is specifically designed to help New York State manufacturers address critical challenges and pursue opportunities for growth, such as adopting new technologies, improving processes, or developing new products. Through this initiative, eligible companies can receive non-dilutive funding to implement projects that enhance their productivity, efficiency, and market reach. The grants are typically awarded for specific, well-defined projects that demonstrate a clear path to impact and job creation or retention within the state, fostering a more robust and innovative manufacturing sector.

Since its inception, the Manufacturing Grants Program has made a significant impact on the state's industrial landscape. As of recent reports, FuzeHub has awarded over $7.5 million in grants to more than 150 manufacturers across New York State, demonstrating their commitment to fostering local economic development. Individual grants from this program typically range from $25,000 to $50,000, with the maximum award per project capped at $50,000. This targeted financial assistance enables smaller manufacturers to undertake projects that might otherwise be cost-prohibitive, thereby accelerating innovation and strengthening the manufacturing sector within New York.

Investor Profile

FuzeHub has backed more than 24 startups, with 0 new investments in the last 12 months alone. The firm has led 19 rounds, about 79% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Pre Seed, Seed rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Education, Universities, Manufacturing.
  • Typical check size: $25K – $50K.

Stage Focus

  • Grant (92%)
  • Pre Seed (4%)
  • Seed (4%)

Country Focus

  • United States (100%)

Industry Focus

  • Education
  • Universities
  • Manufacturing
  • Health Care
  • Medical
  • Biotechnology
  • Internet Of Things
  • Wearables
  • Knowledge Management
  • Higher Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does FuzeHub frequently co-invest with?

B
North America, New York, United States, Brooklyn
Co-Investments: 1
Monozukuri Ventures
Asia, Kyoto, Japan, Kyoto
Co-Investments: 1
NextCorps
North America, New York, United States, Rochester
Co-Investments: 1
ACRE
North America, New York, United States, Brooklyn
Co-Investments: 1
NYSERDA
North America, New York, United States, Albany
Co-Investments: 1
The New York Community Trust
North America, New York, United States, New York
Co-Investments: 1
Visible Hands
North America, Massachusetts, United States, Boston
Co-Investments: 1

What are some of recent deals done by FuzeHub?

Ashlawn Energy

Binghamton, New York, United States

Ashlawn Energy provides energy storage systems that make use of vanadium redox fuel cell energy storage technology.

ElectronicsEnergyManufacturing
GrantOct 18, 2023
Amount Raised: $150,000
Wear Opal

New York, New York, United States

Wear Opal is a personal safety smart ring that provides an extra layer of security.

Consumer ElectronicsInternet of ThingsJewelryWearables
Pre SeedOct 17, 2023
Wear Opal

New York, New York, United States

Wear Opal is a personal safety smart ring that provides an extra layer of security.

Consumer ElectronicsInternet of ThingsJewelryWearables
GrantAug 16, 2023
Rensselaer Polytechnic Institute

Troy, New York, United States

Rensselaer Polytechnic Institute is a technological research university that offers bachelor's, master's, and doctoral degrees.

EducationKnowledge ManagementUniversities
GrantAug 16, 2023
ANDRO Computational Solutions

Rome, New York, United States

ANDRO Computational Solutions offers advanced computer software research and development services.

Cyber SecurityProduct ResearchSoftwareSoftware Engineering
GrantApr 13, 2023
Amount Raised: $50,000
Agrynex

Ithaca, New York, United States

Agrynex delivers biocidal enzymes to protect the crop against soil-borne diseases.

AgricultureBiotechnologyChemicalHealth Care
GrantApr 13, 2023
Amount Raised: $50,000
ALLVAR

College Station, Texas, United States

ALLVAR is a manufacturer of metal alloys.

IndustrialManufacturing
GrantApr 13, 2023
Amount Raised: $50,000
Taro Manufacturing Company

Auburn, Alabama, United States

Taro Manufacturing Company manufactures moulded plastics and carbon fibres.

ManufacturingPlastics and Rubber Manufacturing
GrantApr 13, 2023
Amount Raised: $50,000
Clarkson University

Potsdam, New York, United States

Clarkson U educates the leaders of the global economy.

E-LearningHigher EducationTrainingUniversities
GrantApr 13, 2022
Amount Raised: $50,000
University at Albany

Albany, New York, United States

University at Albany is a research university and an environment designs.

Business DevelopmentEducationUniversities
GrantApr 13, 2022
Amount Raised: $46,612