Project Budgets

Grants are available for capital purchases including equipment, development of new technology platforms or systems and related capital costs only. The acquisition of land and construction of new buildings are not eligible capital expenditures for the purposes of this program. Staff salaries are also not a reimbursable capital expenditure for purposes of this program. All capital expenditures to be funded under this program must be accounted for by the recipient in its financial records as a capital expenditure under Generally Accepted Accounting Principles (“GAAP”). The capital acquired must be installed within the borders of the Commonwealth. 

All projects require a minimum of a 1:1 cost match of the state’s investment under this program.  All contributions, including cash and in-kind contributions, will be accepted as part of the match requirement provided that such contributions meet all of the following criteria: (i) are necessary to accomplish the objectives of the collaborative project; (ii) are included in the approved budget for the project; (iii) are not sourced from other state grants; (iv) are verifiable from recipient’s records; and (v) are not included as matching contributions for any other federal or state-supported project. Match costs should be incurred within the grant period. Match can come from the applicant, third parties, other private investments, or federal grants. Any fees required from the non-profit partner can be considered as part of the applicant’s cost share but cannot be an allowable grant funded cost. 

Eligible Applicants

An applicant must have, or plan to have, operations in Massachusetts. Additionally, all applicants must either be (i.) an institution of higher education including state, municipal and community colleges and universities, (ii.) a nonprofit organization, or (iii.) another public or quasi-public entity located in Massachusetts OR must have a partnership with an institution of higher education, a nonprofit organization, or a public or quasi-public entity located in Massachusetts.

Reporting

All projects that receive cost share from the M2I2 program must report at least annually on progress and impacts of the project to the state for every year that the project is active and for one year after it completes. Applicants must also present on their M2I2 project at a public event of CAM’s choosing one time during the course of the project.