M2I2 Program
Massachusetts state grant program providing capital cost-share funding to help hardtech innovators advance from prototype to manufacturing readiness.
- Team Size
- 11-50
- Stage
- Active
- Total Funding
- $121.0M
- Latest Round
- Grant
- Key Investors
- Commonwealth of Massachusetts (state budget appropriations)
Technology & Products
Key Products
Competitive grant funding for capital equipment purchases; cost-share for Manufacturing USA Institute-aligned projects; support across electronics, bioindustrial manufacturing, robotics, and additive manufacturing sectors.
Technological Advantage
Administered by the Massachusetts Technology Collaborative (MassTech) with alignment to the federal Manufacturing USA network; leverages $163M+ in non-state funding; supports TRL 4-6 transitions; rolling applications with quarterly reviews.
Differentiation
Value Proposition
M2I2 provides 1:1 matching grants (reimbursement for capital equipment) to Massachusetts-based organizations advancing hardtech products toward pilot-scale manufacturing, with a requirement that equipment remains in Massachusetts and projects include a community benefit component.
How They Differentiate
Unlike federal grants, M2I2 is a state-level program specifically for Massachusetts-based organizations with a 1:1 match requirement, mandatory in-state capital equipment installation, and a community benefit component — combining economic development with workforce training and academic collaboration.
Market & Competition
Target Customers
Massachusetts-based companies, universities, incubators, and accelerators developing hardtech products at Technology Readiness Levels (TRL) 4-6, with a requirement for private-sector applicants to partner with a higher education institution, nonprofit, or public entity in Massachusetts.
Industry Verticals
Advanced Manufacturing; Additive Manufacturing; Electronics; Bioindustrial Manufacturing; Robotics; Photonics; Advanced Materials; Defense
Competitors
Other state-level manufacturing grant programs (e.g., New York's M-Corps, California's CIRM manufacturing grants); Federal Manufacturing USA Institute cost-share programs; NIST MEP (Manufacturing Extension Partnership) grants
Growth & Milestones
Growth Metrics
$121M+ invested across 110+ projects; $163M+ leveraged from other sources; 180+ companies impacted; 1,000+ jobs created; thousands of students and workers trained
Major Milestones
2016: Program launched by Baker-Polito Administration; 2024: Healey-Driscoll Administration announces $7.3M in additional M2I2 grants; 10-year anniversary celebrated with over $121M invested
Notable Customers
99 Degrees (technical performance activewear); Specialty Materials (boron & silicon carbide fiber products); AIM Photonics; Spark Photonics; MIT Lincoln Laboratory (advanced fiber & fabric research)