Growth Company Grant Awards are designed to support Connecticut early-stage companies that are demonstrating promise and have already reached certain financial milestones.
ROCKY HILL, Conn. (PRWEB) November 21, 2017
CTNext, Connecticut’s go-to resource for entrepreneurial support, today announced that it has awarded a Growth Company Grant to Addaero Manufacturing, an additive manufacturing company for the aerospace, marine and defense industries that is headquartered in New Britain. Addaero will receive $25,000 from CTNext to enhance the company’s marketing efforts, expand its brand identity and begin targeting new industries that may not have historically used additive manufacturing.
“Growth Company Grant Awards are designed to support Connecticut early-stage companies that are demonstrating promise and have already reached certain financial milestones,” said Glendowlyn Thames, Executive Director of CTNext. “Addaero has demonstrated high growth potential and has met the criteria to receive Growth Grant funds that can be used toward projects that will help further accelerate growth.”
Addaero is a metal additive manufacturing company that uses technology for high-precision applications. Founded in 2013 by experienced aerospace and additive technology professionals, the company works with large and small original equipment manufacturers, helping them produce quality parts for production applications using additive manufacturing. Addaero has received industry recognition for its quality and comprehensive approach to additive technology development and parts production project engagement.
CTNext Growth Company Grants are given to companies that have been operating for less than 10 years, have already raised private capital and have seen at least a 20 percent increase in annual gross revenues over the past three years. Funds can be used for any number of strategic projects, including sales and marketing, prototype development, customer acquisition, organizational development and more.
For more information about Growth Company Grants or to apply for consideration, please visit https://ctnext.com/growth-company-grants/.
CTNext is Connecticut’s go-to resource for entrepreneurial support. The goal of the program is to build a more robust community of entrepreneurs and to accelerate startup growth by providing access to talent, space, industry expertise, services, skill development and capital to foster innovation and create jobs for people in Connecticut. CTNext launched in 2012 and has more than 1,900 members in its network.