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Emerging Technology Fund

The Massachusetts Emerging Technology Fund (ETF) targets technology companies that are starting up or expanding manufacturing in Massachusetts by providing financing for manufacturing facilities and equipment.  The ETF offers:

  • Loans or loan participations up to $2,500,000
  • Loan guarantees up to $1,000,000

To qualify for ETF financing:

  • Borrower must be a technology company starting or expanding manufacturing operations in Massachusetts
  • Financing must be for the purchase, expansion or improvement of real estate, and/or the purchase of equipment
  • The ETF Loan or guarantee is limited to a maximum of 25% of the project cost
  • There must be at least two other parties at risk
  • Financial investment must benefit the Massachusetts economy

Companies that receive ETF financing must have strong management teams, demonstrated technical feasibility, market demand for their products, and a proven fundraising record.

Case Study – EInk

EInk, located in Cambridge, is a developer of electronic ink and electronic paper display technologies.  To meet product demand for a new joint venture, EInk needed to expand its manufacturing facility and purchase new equipment.  MassDevelopment was ready to help – EInk received a $1,000,000 loan from the ETF enabling the company to ramp up production.

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