Funding Opportunities

Explore the funding opportunities available from Massachusetts organizations to support digital health companies below. Please contact the organization listed in the opportunity directly – our staff will be unable to answer specific questions about external opportunities.

If you manage a program available to digital health organizations in Massachusetts, please submit your opportunity here.

Additionally, please visit our Investor Directory to explore venture capital firms in Massachusetts that invest in digital health companies. 


 

City of Boston Business Strategy Team:

The City of Boston offers support to businesses seeking to move or expand in Boston. The Healthcare and Life Sciences team can help connect you with resources and opportunities within Boston’s world class ecosystem.

Details available on the City’s Healthcare and Life Sciences webpage.

The MassDevelopment Emerging Technology Fund (ETF):

The ETF makes loans of up to $2.5M targeted at growing technology companies that have already demonstrated market demand for their products. Loans can be used for acquisition, expansion, capital, or equipment purchases.

Details available on the ETF webpage.

MassDevelopment Equipment Loan:

MassDevelopment offers loans up to $2M to purchase equipment for companies expanding their operations in Massachusetts. Loans can cover up to 85% of the cost of new equipment with loan terms up to 7 years.

Details available on MassDevelopment’s loans and guarantees page.

MassTech Collaborative Research Matching Grant Program:

The Innovation Institute’s Collaborative Research Matching Grant Program supports research and development projects by investing in critical infrastructure. These investments support R&D partnerships that bring together the Commonwealth’s world-class research institutions with the state's leading technology firms.

Details available on the grant program webpage.

MassVentures MassVX Program:

Specifically for academic founders looking to spin out their research

MassVentures draws from their deep network of business development experts to match academic founders with the entrepreneurial champion best suited to address their unique needs or challenges. Their network of vetted entrepreneurial champions includes CEOs, chairpersons, venture capital advisory board members, and other professionals.

Details available on the program webpage.

MassVentures Revenue Based Financing:

MassVentures offers loans for early-stage tech companies in Massachusetts that are paid back as a percentage of revenue up to a capped amount.

Details available on the program webpage.

Massachusetts Life Sciences Center’s (MLSC) Massachusetts Next Generation Initiative (MassNexGen):

Through the MassNexGen program, women-led early-stage companies will be awarded a year-long customized package of support to refine their business strategies and effectively raise capital. The package includes non-dilutive grant funding and access to a network of seasoned Executive Coaches from the life sciences ecosystem. Companies must be located and registered to do business in MA, must have a life sciences focus with core technology and/or service in areas including digital health, and must be led by a woman (CEO, President, etc.)

Details available on the initiative webpage.