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Commercialization Competition
As part of the Jeff Lawrence Innovation Fund, FuzeHub holds an annual Commercialization Competition. Companies throughout New York State compete to demonstrate the commercialization potential of their technology or product.
The FuzeHub Commercialization Competition is intended to help small manufacturing and technology companies further develop their prototype in an effort to pursue additional investment and customers as well as strengthen their “go-to-market” strategies, as they move from new product/production method to marketplace.
2024 Award Details
Companies have the chance to be awarded up to $150,000.
Eligibility
Companies are required to have an existing tangible prototype.
- Applicants must be available to pitch in person October 28-29, 2024 in Syracuse, NY.
- Applicants must propose to fund activities to improve upon an existing tangible prototype and/or improve upon their “go-to-market” strategy.
- Company must reside and operate in New York State from the time it submits the application until at least a twelve (12) consecutive month period following the award announcement, or project completion, whichever is longest. Winning companies that do not comply with the residency requirement shall be obligated to return all funds to FuzeHub to be reinvested in the Commercialization Competition.
- Company must be registered with Dun & Bradstreet, and have an eligible North American Industry Classification System (NAICS) code specific to manufacturing identified in their D&B profile.
- Company must be pre-revenue (less than $100,000 in revenue).
- While grants do not count as revenue, companies which have been awarded more than $500,000 in grants in the last 2 years are not eligible to apply.
FuzeHub encourages participation by military veterans, women, minorities, and socially or economically disadvantaged businesses.
For more information, visit fuzehub.com/commercialization-competition/?utm_campaign=SocialTrial24&utm_medium=social
