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Indiana Manufacturing Readiness Grants
Industry-Specific · Indiana Economic Development Corporation (IEDC), with Conexus Indiana · IN
The Indiana Manufacturing Readiness Grants is a state matching grant from the Indiana Economic Development Corporation that reimburses up to 50%, or a maximum of $200,000, of costs for Indiana manufacturers adopting automation and smart technologies. It's aimed at small and mid-size manufacturers in Indiana who can provide a dollar-for-dollar match.
The Indiana Manufacturing Readiness Grants program is a state-level matching grant offered by the Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana. It is designed to help Indiana manufacturers modernize their operations by adopting Industry 4.0 and smart manufacturing technologies, including automation and robotics.
Under this program, eligible manufacturers can be reimbursed for up to 50% of qualifying project costs, with a maximum award of $200,000. Because the grant requires a dollar-for-dollar (1:1) match from the business, applicants should be prepared to fund half of the total project cost themselves. The program is aimed at small and mid-size manufacturers in Indiana looking to upgrade equipment, processes, or systems to remain competitive.
For a small business owner running a manufacturing operation in Indiana, this grant could offset a significant portion of the capital costs involved in modernizing a production line or integrating new smart technology systems. Because it is a grant rather than a loan, funds reimbursed through the program generally do not need to be repaid, though applicants should confirm program terms directly with IEDC.
Deadlines and specific funding rounds are not fixed and should be checked directly on the official state site, as availability may change over time. Likewise, exact eligibility requirements, current award caps, and application windows should be confirmed at the source before applying, since program details can be updated periodically by IEDC.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a grant, not a loan, administered by the Indiana Economic Development Corporation.
Do I have to repay the funding?
As a grant, it generally does not need to be repaid, but confirm program terms at the official source.
Who is eligible?
Indiana manufacturers modernizing operations or adopting Industry 4.0 and smart technologies.
How much money can I get?
Up to $200,000, covering up to 50% of eligible project costs.
Do I need matching funds?
Yes, a dollar-for-dollar (1:1) match is required.
What is the application deadline?
There is no fixed deadline listed; check current funding rounds at the official site.
Where do I apply?
Through the IEDC program page at https://iedc.in.gov/program/economic-activity-stabilization-and-enhancement/overview.
Is this only for Indiana businesses?
Yes, it is limited to eligible manufacturers operating in Indiana.
What kind of projects are funded?
Projects involving automation, robotics, and smart manufacturing technology adoption.
Is the award amount fixed at $200,000?
$200,000 is listed as the maximum; actual awards depend on project costs and match, per the note 'up to $200,000.'
Is this grant taxable?
Confirm at the source, as tax treatment is not specified in the available information.
Who runs this program?
The Indiana Economic Development Corporation (IEDC), with Conexus Indiana.
Can any business apply, or just manufacturers?
Only manufacturers modernizing operations or adopting smart technologies are eligible.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Indiana Economic Development Corporation (IEDC), with Conexus Indiana; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.