The MEDC offers incentives to high-tech start-up companies that are in the process of growing. Each awarded company must demonstrate that its technology fits the MEDC’s technology targets and that it has intellectual property ownership, angel investors and the financial ability to execute a commercial lease.
If the MEDC board approves the project for the MEDC’s Emerging Technology Program, real estate rental cost assistance can be awarded to the company on an annual basis with a maximum of $50,000 per year for each project. The Emerging Technology fund for incentives is limited. Incentives are awarded on a first-come, first-served basis.