Manufacturing Readiness Grants
Be Ready for the
Future of Business
Manufacturing Readiness Grants assist manufacturers planning to make innovative capital investments in smart manufacturing within their Indiana operations—leveraging technologies from advanced communications to cobots to the Industrial Internet of Things (IIoT) and beyond.Apply Now View Sample Application
So far, 169 Manufacturing Readiness Grants have been made to businesses across the state.
These grants are already having a major impact throughout our state.
For example, between 2020 and 2021, we’ve seen budgeting for technology adoption among participating AML companies nearly double. And grant recipients almost universally attribute the grant to either enabling, expanding or accelerating a technology investment.
Given the success of these grants, we’re working with the State of Indiana to help award another $20 million through fiscal 2023.
Have a project in mind?Apply Now Read FAQs
Partners and History
Conexus works with the Indiana Economic Development Corporation (IEDC) and Next Level Manufacturing Institute to help manage the Manufacturing Readiness Grant program.
The program was originally launched as part of the IEDC’s Economic Activity Stabilization and Enhancement (EASE) program and was extended through a new appropriation from the Indiana General Assembly. By encouraging private sector investments, these grants have already made a substantial impact—and have helped set the stage for future innovation and growth in AML throughout the state.
Innovating for Our Future
Our Manufacturing Readiness Grants have supported tech-enabled investment in smart manufacturing all around the state.
Wolf Corporation was established in 1873, is the oldest mattress manufacturer in the U.S. under continuous family ownership.
Whitcraft Enterprises Inc.
Whitcraft Enterprises Inc., a 101-year-old manufacturer of precision machined parts, is investing in a gantry-style automated dual lathe to eliminate the manual loading of materials.
Viewrail / Stair Supplies (Iron Baluster Inc.)
Viewrail / Stair Supplies (Iron Baluster Inc.) manufactures premium stair parts for homeowners, builders and contractors.
Universal Technologies LLC
Universal Technologies LLC founded in 2007 and based in Jasper, offers a variety of solutions for the architecture and design community focusing on resins, glass, metal, lighting and other specialized products.
Universal Blower Pac Inc.
Universal Blower Pac Inc. was established in 1979, is a provider of quality blower systems for the pneumatic conveying and the water and wastewater marketplace.
Tube Forming Systems Inc.
Tube Forming Systems was established in 1968, is a tooling and equipment supplier to the formed tube industry.
Triton Metal Products Inc.
Triton Metal Products Inc., a precision metal manufacturer and supplier of OEM parts for various industries.
Trinity Guardion LLC
Trinity Guardion LLC based in Batesville and founded in 2010, manufactures a launderable micro-barrier for hospital mattresses.
Tri-Pac Inc. based in South Bend, provides contract development and manufacturing services for aerosol, liquid, tubes and specialty-packaged products.
TouchTronics Inc. based in Elkhart for more than 35 years, manufactures wireless and Bluetooth controllers and monitoring solutions for the commercial truck, RV, marine and public safety industries.
Thompson Machining Services Inc.
Thompson Machining Services Inc.is a 25-year-old machine shop with engineering and design capabilities specializing in producing progressive stamping dies, primarily for the medical and automotive industries.
Telamon Corporation a minority-owned company based in Carmel since 1985, primarily designs, builds and installs telecommunication networks enabling connectivity.
Tech Castings LLC
Tech Castings LLC is a leading supplier of vacuum and air melt superalloy investment castings and pressurized ceramic core leaching services to aerospace companies.
TBK America Corp.
TBK America Corporation a Japan-based international company with a manufacturing facility in Richmond, manufactures and markets water pumps and oil pumps.
Super ATV, a family-owned and rapidly growing manufacturer of aftermarket utility task and all-terrain vehicle parts and accessories.
Standard Integrated Solutions Inc.
Standard Integrated Solutions Inc. based in Winamac and founded in 2004, offers a full line of industrial equipment, supplies, services and products essential to the industrial environment.
Spencer Industries Incorporated
Spencer Industries Incorporated founded in 1981 and headquartered in Dale, is a vertically integrated, plastic theremoformer with in-house extrusion, serving several markets including medical, agricultural, transportation and industrial.
South Bend Ethanol
South Bend Ethanol, an ethanol producer that uses 95% local corn.
SoChatti founded in Indianapolis in 2013, manufactures specialty chocolate, food appliances and industrial food technology with a focus on flavor preservation in shelf stable foods.
Sequel Wire and Cable LLC
Sequel Wire and Cable LLC is a startup company and manufacturer of copper fabricated and insulated wire and cable products for use in a variety of markets including OEM, wire and cable distribution, appliance, automotive and RVs.
Semiconductor Test Supply LLC
Semiconductor Test Supply LLC founded in 2010 and based in Martinsville, designs, assembles and tests electronic printed circuit boards for aerospace, defense, medical and industrial applications.
Rochester Metal Products Corp.
Rochester Metal Products Corp., a manufacturer of quality gray and ductile iron castings, is investing in a cobot to automate part of its production process.
Reliable Tool & Machine Company
Reliable Tool & Machine Company, a machining, welding and assembly manufacturer for construction, agricultural, recreational vehicle.
Red Gold Inc.
Red Gold Inc. headquartered in Elwood, is a national brand tomato processor making ketchup, sauces, paste, juice and canned tomatoes under its brand and private label.
Recovery Force Health LLC
Recovery Force Health LLC based in Fishers and founded in 2013, is a digital health company focused on SaaS solutions through wearable medical technology.
QuikCut, an advanced metal fabricator offering fabrication, machining, welding and finishing for small parts and large structures.
Procoat Products, a custom electrocoating and flocking provider that services the automotive industry including Cummins, Ford, General Motors, Lexus, Mercedes Benz and Toyota.
Primex Design and Fabrication
Primex Design and Fabrication based in Richmond, manufactures packaging, handling and shipping products made from plastic materials.
Premium Rock LLC
Premium Rock LLC based in Elkhart, produces lightweight, highly durable, fire-resistant, waterproof and UV-resistant engineered stone panels.
Poolguard founded in 1982 and based in North Vernon, manufactures swimming pool safety devices.
Poly Electronics LLC
Poly Electronics LLC, a manufacturer of custom electronics and proprietary products for various industries.
POLARIS Laboratories LLC
POLARIS Laboratories LLC based in Indianapolis, is a fluid analysis laboratory that provides testing and analysis of oils, fuels, coolants and water-based fluids for equipment reliability.
Pike Lumber Company Inc.
Pike Lumber Company is located in Akron and founded in 1904, is a primary manufacturer of kiln dried hardwood lumber.
Perfecto Tool and Engineering Co. Inc.
Perfecto Tool and Engineering Co. Inc. founded in Anderson in 1955, builds custom machinery and parts, and manufactures build-to-print customer designs.
PDQ Workholding LLC
PDQ Workholding LLCis a tool shop specializing in hydraulically actuated machining center fixtures and custom cutting tools for large OEMs in automotive, equipment and aerospace industries.
PBTT is based in Newburgh, and they are a high-tech manufacturer specializing in the development and commercialization of disruptive technology to produce components and assemblies primarily in the defense, aerospace and energy industries.
Overton & Sons Tool & Die Co. Inc.
Overton and Sons Tool & Die Company was founded in Mooresville in 1968, manufactures metalworking machinery, offering design, engineering and inspection services in the transportation, energy, construction, defense and aerospace industries.
Ossian Smoked Meats Corp.
Ossian Smoked Meats Corp., a 74-year-old preparer of meat products with seasoning, smoking and packaging for resale.
Omega Enterprises, a family-owned and operated glass mold manufacturer.
Nutrition 101 Inc.
Nutrition 101 Inc. was founded in 1987 and based in Pendleton, recycles food waste and produces livestock feed, biofuels and recyclable commodities.
Nix Companies a fifth-generation, family-owned business founded in 1902, is a diversified metal fabricator and specialty contractor.
NASCO Industries Inc.
NASCO Industries, Inc. was founded in 1979 and based in Washington, manufactures protective outerwear for a variety of industries.
Myers Spring Co. Inc.
Myers Spring Company Inc. was founded in 1946 and based in Logansport, manufactures products made from wire, primarily compression springs, torsion spring and wire forms.
Mursix Corporation specializes in stamping and component manufacturing, serves a wide range of customers whose applications range from hospital beds to automotive safety to hybrid electric vehicles.
Moore Metal Works & A/C LLC
Moore Metal Works & A/C LLC is a custom metal fabrication shop established in 1998 in Evansville.
Mid-West Metal Products Co. Ind.
Mid-West Metal Products Co. Inc. is based in Muncie for more than 90 years, produces wire-formed and fabricated, sheet metal fabricated and tubular metal products for customers worldwide.
Micro Etch Technologies LLC
Micro Etch Technologies LLC manufactures small, thin gauge metal components for electronics, medical, aerospace and other industries.
Meyer Plastics Inc.
Meyer Plastics Inc. a family-owned business based in Indianapolis for more than 65 years, distributes industrial plastics including plastic sheet, rod and tube, engineering performance plastics and more.
Metro Plastics Technologies, Inc.
Metro Plastics Technologies, Inc. was founded in 1975, is a custom plastic injection molding and tooling company based in Noblesville.
Marion Manufacturing based in Terre Haute since 1996, offers turnkey manufacturing of precision machined components.
Mach Medical, an orthopedic implant manufacturer that supplies OEMs and specializes in high-velocity, single-piece flow manufacturing.
Lucas Oil Products Inc.
Lucas Oil Products Inc. manufactures premium lubricants and additives for its customers, meeting stringent quality, performance and delivery requirements.
Liberty Trailersdesigns and manufactures commercial-grade trailers suitable for homeowners and businesses such as car and equipment haulers and dump, utility, tilt, flatbed and pipe trailers.
Konrady Plastics manufactures and distributes machined plastic parts, including plastic sheet, rod and tube.
Koester Metals Inc.
Koester Metals Inc. a sheet metal fabricator formed in Defiance, Ohio, in 1975 and moved the business to Fremont in 2010.
Kirby Risk Corp.
Kirby Risk Corporation is located in Lafayette and founded in 1926, is a wholesale distributor of electrical supplies and automation products.
Kimura Foundry America
Kimura Foundry America is a Japan-based metal foundry with operations in Shelbyville.
Kammerer Dynamics Inc.
Kammerer Dynamics Inc.is a fourth-generation, family-owned metal fabricator specializing in repetitive original equipment manufacturer.
Jomar Machining & Fabricating
Jomar Machining & Fabricating was founded in 1991 in Middlebury, specializes in large machining and fabrication projects and is investing in a robotic welding system.
Jeco Plastic Products LLC
Jeco Plastic Products LLC was established in 1973 in Plainfield, specializes in rotational molding and twin sheet pressure forming to produce logistics products for the printing, pharmaceutical and automotive industries.
Jasper Engines and Transmission
Jasper Engines and Transmissions headquartered in Jasper since 1942, is a re-manufacturer and distributor of automotive drive train components.
Italpollina USA Inc.
Italpollina USA Inc. was founded in Italy with a new U.S. manufacturing facility in Anderson, produces biostimulants for sustainable modern agriculture.
Indiana Furniture has been headquartered in Jasper for more than 100 years, is a contract furniture manufacturer providing customers with desk, chair and other office furnishings.
Impact CNC is a contract computer numerical control (CNC) manufacturer for industrial, material handling, construction and agricultural industries.
Huhtamaki was founded in 2012 and located in Marion, is a global manufacturer of consumer packaging products including disposable dinnerware.
Hubner Industries LLC
Hubner Industries LLC conditions and packages seed corn and seed soybeans, and provides warehousing and distribution services.
Holic Foods, a manufacturer of globally inspired, bold-flavor sauces, dips and condiments, is modernizing and expanding automated production in its liquid filling space.
Hightech Signs was founded in 1988 and headquartered in Fort Wayne, has temporarily pivoted from providing large format print and graphics to manufacturing fabric masks to aid in the fight against COVID-19.
Helmer Scientific LLC
Helmer Scientific LLC is based in Noblesville, designs, integrates, manufactures, markets and distributes specialized medical and laboratory equipment to clinical and life science customers in more than 125 countries.
Gracie Industries LLC
Gracie Industries LLCis a contract manufacturer and painting and coating business that builds custom sleepers for over-the-road trucks, RVs and components, crew cab conversions and other truck modifications.
Global Plastics Inc.
Global Plastics Inc. is headquartered in Indianapolis and founded in 1992, provides plastic injection molding of automotive, industrial, medical, packaging and commercial parts.
Georg Utz Inc
Georg Utz Inc. is headquartered in Switzerland with a production facility in Edinburgh since 2009, develops and produces reusable plastic transport devices for automated and manual systems across various industries.
Fox Products, a family-owned manufacturer of double-reed woodwind musical instruments.
FosTecH Inc. manufactures firearm products for retail, law enforcement, and military customers worldwide.
Fort Wayne Metals
Fort Wayne Metals is a manufacturer of precision wire-based materials used in medical devices and other critical applications.
Fatheadz Inc., a manufacturer of sun and optical frames.
eti Controls Inc.
eti Controls Inc. which was founded in 2019 as part of the ETI Network, manufactures electronic controllers and sensors for various applications including heat tracing that monitors temperature, humidity and pressurization.
Entech Inc. is based in Middlebury since 1995, specializes in producing all sizes of micronized rubber powder (MRP) and crumb rubber.
Eckhart & Co. Inc
Eckhart & Company Inc. is a 100+-year-old company in Indianapolis, specializing in full service bookbinding and finishing services.
EarthWay Products family owned in Bristol since 1955, manufactures lawn and garden equipment for turf scientists, landscape professionals and homeowners.
Earl Solutions LLC
EARL Solutions LLC recently spun out from a Carmel-based distillery in order to manufacture hand sanitizer to aid in the fight against COVID-19.
DQE Inc. provides safety and emergency preparedness products and expert support that improves the safety and readiness of the response and health care community.
Diver’s Supply Co. Inc dba Ikelite Underwater Systems
Diver’s Supply Co. Inc dba Ikelite Underwater Systems, an innovative, family-owned manufacturer in the niche market of advanced underwater photographic equipment.
DeKALB Molded Plastics
DeKALB Molded Plastics based in Butler for more than 40 years, is a custom structural foam molder specializing in large, multi-nozzle plastic products servicing the medical, safety, transportation and material handling industries.
Decatur Plastic Products LLC
Decatur Plastic Products LLC is based in North Vernon, provides high quality injection molding, flocking, assembly and finishing services along with expert engineering assistance and material recommendations.
Decatur Mold, Tool and Engineering Inc.
Decatur Mold, Tool and Engineering Inc. is headquartered in Indianapolis and founded in 1999, provides rapid product design & development.
D.A.S. Services Inc.
D.A.S. Services Inc. was established in 1992, began as a small, portable, welding repair operation and has since grown into a quality, hydraulic and pneumatic custom job shop, specializing in cylinders and presses.
Custom Cut Decor, LLC
Custom Cut Decor, LLC was award), founded in 2014, manufactures direct-to-consumer, niche home decor products.
Culver Tool and Engineering Inc.
Culver Tool and Engineering Inc. (CTE Solutions) founded in 1950 and located in Plymouth, manufactures orthopedic implants and instruments for spinal surgeries.
Contract Industrial Tooling Inc.
Contract Industrial Tooling Inc. which was founded in Ohio in 1987 and moved to Richmond in 1992, manufactures OEM cab enclosures, lift gates, custom steel shipping racks and containers, rapid response hospital beds, medical therapy tables and aerospace support equipment.
Circle City Sonorans, LLC
Circle an Indianapolis-based beverage manufacturer of its own brands as well as a contract manufacturer for large and emerging brands.
Cimtech Inc., a manufacturer to manufacturers, specializing in precision machined parts, fabrication, welding, tube bending and assembly for all types of industries.
CHaSE Manufacturing LLC
CHaSE Manufacturing LLCis a manufacturer of decorative interior products such as cabinet doors, trim and moldings and doors for recreational vehicle.
Catalyst Product Development Inc.
Catalyst Product Development Inc. is headquartered in Indianapolis and founded in 1999, provides rapid product design & development.
C&R Advanced Cooling Technology
C&R Advanced Cooling Technology was founded in 1988, manufactures advanced cooling solutions including aluminum radiators, oil coolers, intercoolers, supercharger heat exchangers, bare cores and cold plates.
Bruce Fox Inc.
Bruce Fox Inc.has been in business for over 80 years producing high-quality accolades and recognition products for Fortune 500 companies.
Brownstown Quality Tool & Automation
Brownstown Quality Tool & Automationis a tooling job shop that supports manufacturing companies by producing small dies, jigs, gauges and specialty automated equipment.
Brake Supply Company
Brake Supply Company is a 74-year-old company operating one of the largest heavy equipment remanufacturing centers in the world.
Beverly Industrial Service Inc.
Beverly Industrial Service Inc. was founded by Howard and Beverly Snyder in 1980, specializes in tool making, machining and engineering in the metal-working field, a continued family tradition since 1891.
Bed Techs Inc.
Bed Techs Inc., established in 2000, produces used, refurbished and reconditioned Hill-Rom® hospital beds, stretchers, medical equipment and replacement bed parts.
Batesville Products Inc.
Batesville Products Inc. manufactures machined and finished aluminum and zinc alloy castings in Lawrenceburg.
Barber Manufacturing Co. Inc
Barber Manufacturing Company Inc. was founded in 1894 and located in Anderson, manufactures springs for the upholstered furniture and bedding industries.
Arroyo Industries LLC dba Direct Path Alliance
Arroyo Industries LLC dba Direct Path Alliance, founded in 2004, is a Minority and Women’s Business Enterprise certified company that offers aerospace and medical manufacturing, and consulting services such as project management and process improvement.
Armor Plastics LLC
Armor Plastics LLC is a manufacturer of products for integrated circuit manufacturers, touch panel producers, ITO coaters, transit authorities, display manufacturers, and flexible and printed electronics companies.
Arcamed LLC was founded in 2011 and based in Indianapolis, designs and manufactures medical case and tray systems, caddies, instruments and implants.
Analytical Engineering Inc.
Analytical Engineering Inc., a manufacturer of specialty equipment for engine, exhaust and vehicle development.
American Quality Molds
American Quality Molds was purchased by Shrader Enterprises from the original owner and founder in 2018 and moved to Richmond earlier this year, manufactures aluminum mold bases and Rapid Insert Dies for plastic injection molding.
Ameri-Can Engineering manufactures portable sanitation trailers in Argos.
Amatrol , a company that designs, develops and manufactures technical training systems, is implementing an automated production system consisting of several advanced technologies.
Aero Machine & Manufacturing LLC
Aero Machine & Manufacturing LLC based in Valparaiso for nearly 20 years, is a complete service machine shop offering engineering, machining, fabrication and assembly services from inception to installation.
Advanced Cabinet Systems
Advanced Cabinet Systems, based in Marion, is a plastic and laminate furniture manufacturer serving the health care, educational, industrial and retail industries.
Addman Engineering is an additive manufacturing shop at the cutting edge of metal additive for aerospace, defense and other industries.
A&T Concrete Supply Inc.
A&T Concrete Supply Inc., founded in 1963, produces concrete and precast concrete products in Fort Branch.
Past Recipient Case Studies
How have companies put their Manufacturing Readiness Grants to good use? Explore some of their stories.
When the pandemic hit, North Vernon-based Poolguard saw demand for the five different alarm pool safety products the company manufactured soar. With a $56,250 Manufacturing Readiness Grant, Poolguard transformed a tedious manual job into an automated process using surface-mount technology.
Standard Integrated Solutions
Standard Integrated Solutions was looking for a more efficient way to produce custom-designed parts through a process called air bending. After identifying a bottleneck in the metal and sheet metal manufacturing process, specifically in the press break process, Standard Integrated Solutions invested in its first cobot to take parts in and out of the CNC press breaks.
Yes, a funding expansion for the program has been included in the 2022-2023 state budget at
$10 million per year beginning July 1, 2021. As long as the “Apply Here” button leads to an active form allowing an application to be completed, then the State of Indiana is continuing to fund select applications.
Must be a manufacturer planning to make capital investment in the form of smart manufacturing technologies within their Indiana operation. While there is no size limitation for applicants, small- and medium-sized manufacturers (<500 employees) are heavily favored. The degree to which an applicant is a manufacturer (manufacturing intensity) and relationship to Indiana are also significant considerations.
Projects should directly affect manufacturing processes and focus on investments in commercial-ready equipment through established vendors. The equipment should be beyond ‘advanced’ in nature, i.e. more technologically intensive and broadly innovative than mere upgrades via standard automation, increased capacity, tighter tolerances, improved fabrication techniques, or other incremental improvements that are common for the applicant’s sector. Strong applications offer a detailed description for how the applicant is undertaking an initiative that will be transformative beyond the status quo for themselves and competitors. The equipment should credibly leverage technologies such as industrial internet of things (IIoT), sensor technology, COBOTS, additive manufacturing (3D printing), big data and analytics, cybersecurity, machine learning, artificial intelligence (AI), digital twin, advanced modeling, blockchain, autonomous robotics or vehicles, augmented, virtual, or mixed reality, cloud computing, and advanced communications (5G, etc).
Applications must be submitted through this portal. Once submitted, the application will undergo a peer review process by a committee of volunteers. Each application will be reviewed by multiple committee members. These individual reviews are then aggregated together into a composite result to be discussed at the next regularly scheduled committee meeting. The outcome of committee discussion is a consensus for a funding recommendation offered to the IEDC. The IEDC takes the recommendation under advisement and performs further diligence before making a final funding decision. Conexus notifies the applicant once a decision is made.
There is no application deadline. Applications are processed in monthly cycles for as long as the program is funded by the State of Indiana. You should apply when you are ready and able to submit a strong, detailed, and compelling application. If you can complete a strong application prior to the end of the calendar month then do it. However, applications are rigorously reviewed, so it is much better to take the time necessary for a quality submission rather than rush a poor submission.
Yes, this page has a link to a sample application that is helpful for collecting and organizing information ahead of completing the formal application.
Applications progress through a consideration process in monthly steps with a few steps along the way. Applications received during a given calendar month enter peer review the following month. They are discussed in committee the month after that. And then the IEDC takes some time for final diligence and decision. A realistic expectation would be to hear results in 3-4 months.
Applications and their support materials are seen by Conexus staff, the IEDC, and the committee of volunteers who peer review the applications. The committee is comprised of a diverse, statewide, multi-sector and distinguished group of Conexus Smart Manufacturing Fellows. The fellows are subject matter experts on technology deployment within manufacturing environments. All are bound by confidentiality and comply with a policy for recusal in the event of conflict of interest.
The grant is intended to incentivize a project investment that would not otherwise happen but for the grant. The grant is not meant to be used for reimbursement of project expenditures incurred or committed prior to the date of application. The application should demonstrate how the project, either its scope or timeline, is significantly dependent upon or would be enabled/enhanced by the grant. Projects that can be immediately started and quickly executed pending an award are preferred.
Grant awards are structured as reimbursements. Upon receiving an award notification, the awardee enters into a simple incentive agreement. At that point, they are authorized to complete the project specified in their grant application. They use their own funds to complete the project and submit documentation (i.e. receipts or other proof of purchase) for reimbursement. Unless otherwise specified in an award notification, reimbursements are for half of the qualified submitted expenses and cannot exceed the award amount.
Grants can be any size up to a maximum of $200,000. They must be matched by the applicant on a minimum 1:1 basis. A project with a total budget of at least $400,000 would be required to secure a maximum $200,000 grant award. However, projects with a higher matching leverage, i.e. larger projects, are more favorable. Partial awards are also common. Several factors and criteria are considered in the application evaluation process and can affect the amount offered and/or matching percentage of a grant award. Very few projects receive $200,000.
If the projects relate to each other at all then it is advised that they be included in a single application. An application that demonstrates a breadth of innovation investment can be more compelling than one that is narrowly focused on a single project. And it is unlikely for more than one award to be granted to a single company.
The $200k maximum is per company. The intent is to make use of a limited pool of funds to assist as many manufacturers as possible with meaningful smart manufacturing initiatives. Additional awards are possible so long as they support new projects not supported in an earlier award, prior projects completed successfully and total of all awards cannot exceed $200,000.
Advanced manufacturing in Indiana is diverse in many ways, and this has been reflected with a wide variety of project opportunities that have been funded already to date. Each project will be evaluated on its own unique merits and context as described by the applicant within their application submission, which is encouraged to be as detailed and descriptive as possible.
Consider a few key differences between “advanced” and “smart” manufacturing. Advanced manufacturing is often thought of as the use of innovative technologies to improve processes, usually through automation, PLCs, controls and IT/OT systems for increased capacity and product quality. Smart manufacturing goes further to integrate digital technologies, like Internet of Things (IoT), cloud computing and analytics, and AI and machine learning, into company-wide operations and manufacturing processes. Outcomes of smart manufacturing are often increased production and flexibility/agility, real-time visibility into equipment performance, and responsiveness to customer demand. Smart manufacturing also leverages data to a high degree (with technologies like advanced sensors, IoT connectivity, embedded software, etc.) for outcomes like predictive maintenance, self-optimization of process improvements and increased production efficiencies. The grant program favors Industry 4.0/Smart Manufacturing/Digital Plant projects. “Advanced” investments will be considered if they are innovative and transformative beyond the status quo to a degree appropriate for the applicant and proportional to the ask.
Hardware investments are generally easier for the MRG program to financially support as proof of purchase orders, etc. are easy to obtain for reimbursement purposes. Software can also be supported as long as there is evidence that it’s a true capital investment and is sufficiently smart manufacturing related. Keep in mind that great examples of smart manufacturing projects often include both software and hardware elements, and generally, the program prefers to support the hardware portion.
A grant award will be contingent upon an applicant entering into a “grant agreement” detailing full terms and conditions of the grant prior to any qualifying project expenditures occurring for which reimbursement will be sought. Some of the terms and conditions include:
- Payment shall be made on a reimbursement basis upon submission of proof of expenditure;
- Right of first refusal on purchased equipment so long as book value is above $5,000 using straight line 10-year depreciation;
- Favored Nation Pricing & Terms for at least 3 years for products produced using equipment;
- Indiana would have prioritized capacity for production off of equipment; and
- Subsidized equipment through this program will be ineligible for the HBI Tax
Awardees will be expected to participate in a case study upon successful conclusion of any project that receives grant funds. Conexus Indiana developed which are coordinated with and approved by awardees. The case studies highlight the awardee’s project outcomes to share best practices while increasing broad understanding of technology use cases in manufacturing and spur greater adoption across the state’s manufacturing base. Only non-proprietary information will be shared in the case study.