FuzeHub
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
Frequently Asked Questions
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