The Build Our Future Grant Pilot Program and Fund (Fund) is a financing resource operated by the Maryland Department of Commerce (Commerce), to provide grants for innovation infrastructure projects intended to support innovation in an eligible technology sector.
Donor Name: Maryland Department of Commerce
State: Maryland
County: All Counties
Type of Grant: Grant
Deadline: 11/17/2023
Size of the Grant: $10 million
Details:
In 2024 $10 million is available for grants to transformative projects that accelerate the growth of the state’s strategic industry sectors. Grants may be awarded to private companies, nonprofit entities, local governments, or colleges and universities in the State.
Eligible Use of Funds
Grant awards may be used to defray the cost a grantee incurs to acquire, construct, rehabilitate, install, improve, or equip an eligible innovation infrastructure project.
Grants may be used for eligible innovation infrastructure projects designed to transform and accelerate growth in the following eligible technology sectors:
- Advanced manufacturing
- Aerospace
- Agriculture
- Artificial Intelligence
- Biotechnology
- Blue Technology
- Cybersecurity
- Defense
- Energy and Sustainability
- Life Sciences
- Quantum
- Sensors and Robotics
Examples of eligible projects include, but are not limited to:
- Sensitive Compartmented Information Facilities
- Wet Laboratories
- Cyber Ranges
- Prototype Manufacturing Centers
- Other Specialized Workforce Training, Skill Certification, or Research-Related Spaces.
Applicant Eligibility
- A single entity may not be awarded more than $2,000,000 in grant funds in a fiscal year.
- For a grant award up to $1,000,000, a grantee shall provide matching funds that are at least 200% of the grant amount.
- For a grant award exceeding $1,000,000, and up to $2,000,000, a grantee shall provide matching funds that are at least 400% of the grant amount.
- Funds received by a grantee through other State grant programs are not counted toward the grantees matching funds requirement.
- A grantee must demonstrate an ability to cover the full estimated costs of the project for which the grant is awarded.
- Not more that 50% of the appropriation to the fund in a fiscal year may be awarded to colleges and universities in that fiscal year.
- Grants to colleges and universities from the fund will be awarded to projects that:
- Are performed in collaboration with private industry; or
- Offer the prospect of significant economic impact and the opportunity to develop entrepreneurship or clusters of technological innovation in the State.
For more information, visit Maryland Department of Commerce.
