Funding
Grants
FuzeHub’s Manufacturing Grants
Part of the Jeff Lawrence Innovation Fund, FuzeHub’s Manufacturing Grants encourage collaboration between not-for-profit organizations and small to medium-sized manufacturers in New York State. These grants support companies from early-stage development to maturity, helping with technology transfer, new manufacturing processes, and innovative products. Manufacturers can partner with university departments, economic development entities, and organizations like the Koffman. Projects may include technology adoption, prototype development, equipment purchases, and more. To date, millions in funding have been provided to drive innovation and growth in New York State’s manufacturing sector. Grant applications are accepted twice per year, normally in the winter and summer.The American-Made Network
The Koffman is a proud member of the American-Made Network. We support entrepreneurs as they participate in American-Made Challenges, or funding opportunities, and provide the resources, and necessary connections participants need to succeed in these competitions. Learn more about the American-Made Network and current challengesStart-Up NY
Start-Up NY, operated by New York’s Empire State Development, offers new and expanding businesses tax-free operations for up to 10 years when located on our near eligible university or college campuses in New York state. By partnering with Koffman and Binghamton University, businesses gain more than just tax incentives–they also access advanced research labs, technology transfer offices, and industry expertise to fuel growth. Program Requirements:- Be a new or expanding business in New York
- Partner with a university or college
- Create new jobs and contribute to local economic development
Innovation Hot Spot: Fueling Startup Growth
The Innovation Hot Spot program, administered by New York State, provides funding and tax benefits for qualifying startups. The Koffman is one of 10 designated Hot Spots across the state. Startups in the program can receive five-year exemptions from state corporate income tax and sales tax on purchases. To qualify, your business must be less than five years old (or seven years for life sciences), a member of a participating incubator, and contribute to local economic development by creating jobs. Interested in applying?SBIR Grants: Fueling Innovation for Small Businesses
The Small Business Innovation Research (SBIR) program offers competitive grants to small businesses engaged in federal research and development with commercialization potential. SBIR grants are designed to support innovation and technological advancements across a range of industries by providing funding through three phases: concept development, prototype testing, and product commercialization. This program enables small businesses to collaborate with federal agencies and bring high-impact technologies to market. For startups at the Koffman, SBIR grants provide an opportunity to access critical funding for developing groundbreaking solutions and growing their ventures.
Bing Tech Ventures
BingTech Ventures LLC is an equity investment entity designed to directly support Koffman companies. Through strategic investments, BTV empowers promising startups, focusing on those with the potential to create significant local economic impact, hire 10+ employees, or leverage Binghamton University technology. Koffman members interested in investment should speak directly with their Koffman mentor for additional information.
Koffman company
support program
The Koffman Company Support Program offers member startups funding to enhance their growth by participating in educational sessions, incubator or accelerator programs, micro-grant opportunities, and more. Members can receive up to $1,500 per activity, with a maximum of $3,000 annually per company. This financial support is designed to accelerate technology commercialization and prepare startups for market success. Learn more about the program guidelines HERE.
