About this programme
The Emerging Technology Fund (ETF) is a loan program run by MassDevelopment, the state's quasi-public economic development agency, for technology companies that are launching or expanding manufacturing operations in Massachusetts. The fund provides capital for real estate purchases, equipment acquisitions, and working capital as these companies grow.
ETF is aimed at technology sectors such as advanced materials, communications, defense, electronics, IT, medical devices, and nanotechnology. Kevin M. Barry serves as Senior Vice President of the Emerging Technology Fund.
How it works
Standard ETF loans go up to $4,000,000. Companies must secure financing from two additional parties beyond MassDevelopment as part of the deal.
MassDevelopment publishes a white paper, 'ETF Solutions,' addressing venture debt readiness for companies considering this financing.
Who can apply
The company must be a technology company (fields include advanced materials, communications, defense, electronics, IT, medical devices, and nanotechnology) planning to launch or expand manufacturing operations in Massachusetts.
The company must secure financing from two additional parties besides MassDevelopment, and the project must show financial benefits to the Massachusetts economy.
Frequently asked
What can an Emerging Technology Fund loan pay for?
Real estate purchases, equipment acquisitions, and working capital for technology companies expanding or launching manufacturing in Massachusetts.
How large can the loan be?
Standard ETF loans go up to $4,000,000.
Do I need other financing sources besides MassDevelopment?
Yes, the company must secure financing from two additional parties beyond the ETF.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.