New State Voucher Program Promotes Industry Use of UMass System Research Facilities to Stimulate Economic Development, Innovation

Advanced research laboratories and equipment across the five-campus University of Massachusetts system are being made available to start-up businesses and local companies through a new, state-funded subsidy program aimed at promoting economic growth and innovation. Created with a $2 million state investment championed by House Speaker Robert DeLeo, the Innovation Voucher Program began accepting industry applications in late March. The program is administered by MassDevelopment, the state’s economic development and finance authority.

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