Innovation Works Launches Scalable Grant Program for Hardware Startups

Innovation Works, a leading early-stage investor in the U.S., has initiated the application process for its Scalable Grant Program. This initiative is designed to aid hardware startup companies by providing up to $25,000 in reimbursement for prototype design and production expenses. The program emphasizes collaboration with Pennsylvania-based manufacturers and suppliers, aiming to make large-scale production feasible for startups facing high production costs and requiring specialized manufacturing partnerships. Over 50 entrepreneurs have already benefited from this initiative, leveraging connections with over 600 local manufacturers. The program not only offers financial support but also provides expert guidance, allowing entrepreneurs to interact directly with manufacturers during early production stages. Testimonials from companies like Thiopoly demonstrate the significant impact of this grant, which has aided them in initial production and market deployment. Due to the limited availability of the grant, potential applicants are urged to apply before the February 1, 2025 deadline. Innovation Works has a storied history of fostering innovation and economic development in Pennsylvania through both financial investment and connectivity opportunities, contributing significantly to job creation and economic growth in the region.