The FORGE Product Development Funding Program (PDFP) is non-dilutive funding awarded to emerging hardtech companies to support the development of a physical product and overcome the hardware “valley-of-death”.
The goal of the grant is to remove barriers to scale and manufacturing, providing the necessary funds to solve for a specific product development challenge critical to the company’s ability to scale and/or reach the marketplace. Successful grant application will pinpoint that challenge and articulate how the grant funds will be used to overcome the roadblock, using Connecticut-based contract manufacturing and/or supplier resource/s*.
This funding opportunity is open to CT-registered companies developing physical products, regardless of their sector. All applicants must have at minimum an early stage physical prototype, both “looks like” and “works like” prototypes are eligible.
Awards will range from $30,000 to $100,000 and must be used by the winning company to address a specific product development challenge.
Funds may be applied toward work carried out by a Connecticut-based supplier, as evidenced by accompanying quotes and/or work orders. This includes purchases of supplies, materials, or machinery from CT-based suppliers to support in-house manufacturing or product development. Companies may also use funds to collaborate with a Connecticut-based contract manufacturer or product development firm.