Industry Investment and
Development (II&D) Program
The Trust’s Industry Investment and Development (II&D) Program is committed to accelerating job growth and economic development in the Renewable Energy industry cluster in Massachusetts, and to promoting the development of technologies that lays the foundation for long-term growth of the industry.
The II&D Program makes direct investments to catalyze new product commercialization, works to build networks and provide services that better enable companies to access capital and other vital resources, and strives to lower barriers to success for entrepreneurs in the state.
Business Expansion Initiative (BEI)BEI supports the development and expansion of the production capacity of renewable energy technology firms in Massachusetts. BEI provides secured debt capital to expansion-stage companies for new renewable energy product design and manufacturing financing. BEI loans may only be made to companies located within Massachusetts.
Sustainable Energy Economic Development (SEED) Initiative
This funding program is primarily intended for early-stage renewable energy companies. SEED funds bridge a gap in a company’s capital-raising lifecycle, providing the company with time and resources to advance to a point at which it would be a good candidate for private investment. SEED funding may also be offered to later-stage companies for improvements to renewable energy technologies.
Massachusetts Green Energy Fund (MGEF)
The MGEF is a privately-managed venture capital fund, created with a $15 million lead investment from the Trust. The fund is a force for new company creation and growth in Massachusetts and seeks to attract traditional venture capital players into the renewable energy space.
Unsolicited Proposals
The II&D Program accepts Unsolicited Proposals for financial assistance for unique projects, ideas, methods, or approaches that don’t fit into the existing II&D initiatives. Learn more about qualifying projects and how to apply.
II&D Events
The II&D Program holds events for businesses and investors. Learn more about upcoming and past events.
Renewable Energy Employment Links
The renewable energy industry is growing. Use these links and tips to search for jobs in this field.
Renewable Energy Trust II&D Investments
II&D has already made a series of investments in a variety of companies and technologies.
