Competitive Capital Program

Program Overview

The Competitive Capital Program is designed to provide grants for capital projects that support the life sciences ecosystem in Massachusetts by enabling and supporting life sciences workforce development and training, research and development, commercialization and/or manufacturing in the Commonwealth. Applicants are academic organizations, research institutions, research hospitals, business incubators and other non-profit organizations. MLSC recognizes that investment in capital projects and infrastructure is required to create and sustain the attributes that make Massachusetts attractive to innovation clusters such as life sciences. This program is designed to help fund high potential economic development projects that promise to make a significant contribution to the state’s life sciences ecosystem.

Program to Date

To date, the MLSC has awarded or committed more than $455 million to support capital projects across the state.  This includes projects that were designated for funding in the Life Sciences Initiative, and projects funded through the MLSC’s Capital Programs.

Program Eligibility

Applicants must be a Massachusetts legally organized “not-for-profit” entity such as an academic/research institution, a hospital engaged in research, business incubator or accelerator, or other not-for-profit entity that would be eligible for capital funding from the Commonwealth of Massachusetts. Institutions that are exclusively health care providers and/or requests for the purchase of equipment associated with standard healthcare would not be eligible for capital funding.

Each application submitted per organization must be signed by a senior leader of the organization (President, CEO, Executive Director, etc.).

The following entities are NOT ELIGIBLE to apply to the Capital Program:

  • Organizations that are exclusively healthcare providers or are requesting funding to support allied health
  • For-profit companies or other for-profit entities
  • Municipalities or other governmental entities
  • Organizations that have been designated for capital funding in Chapter 112 of the Acts of 2018 (An Act of Providing Continued Investment in the Life Sciences Industry in the Commonwealth)

Eligible applicants must meet the following criteria:

  • Applicants must be requesting funding for capital projects to support the life sciences “infrastructure” in Massachusetts in organizations engaged in life sciences research, development, education and training, or commercialization in the Commonwealth of Massachusetts by the time of the application deadline.

Life sciences is: “advanced and applied sciences that expand the understanding of human physiology and have the potential to lead to medical advances or therapeutic applications” as defined in the Massachusetts General Laws (MGL), chapter 23I, section 2.

  • Project requests for funding from research institutions, academic medical centers, incubators, and accelerators must not exceed $5 million. Project requests from colleges and universities that are not research institutions in the life sciences or workforce development organizations must not exceed $500,000 per project.
  • Projects must be ready for funding beginning in FY20 (July 1, 2019) and completion of the project must not extend beyond FY21 (June 30, 2021). Applicants may request single or multi-year funding. Thirty (30) million dollars has been allocated to the 2019 program with the MLSC providing up to $15 million in FY20 and up to $15 million in FY21.
  • The MLSC envisions that recipients under the Program will receive a grant amount that leverages additional funds that have been identified and raised for the proposed project. The MLSC acknowledges that the sources and amounts of additional funding will vary depending on the Applicant, the proposed project, and the availability of such funding to the Applicant. These variables will be taken into consideration by the MLSC’s Board of Directors as it makes its funding decisions. For example, a research institution engaged in finding a cure for cancer may be able to attract a greater share of philanthropic dollars than a community college focused on workforce development. Applicants that have succeeded in attracting significant additional funds will benefit during the review process.

Application and Review Process

Applications must be submitted online.  MLSC staff will conduct an initial screen and then submit to experts for review.  Applicants may be invited to present their proposals to address questions or provide clarification.  Final recommendations will be brought to the full Board of Directors for approval.

Application period is closed.

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