Wal-Mart, U.S. Conference of Mayors launch $10 million U.S. Manufacturing Innovation Fund
Wal-Mart, the Wal-Mart Foundation, and the United States Conference of Mayors (USCM) have launched the Wal-Mart U.S. Manufacturing Innovation Fund. Eligible nonprofit organizations can apply for grants of $100,000 or more, funded by the Wal-Mart Foundation, to help create solutions to challenges many companies face with onshoring and growing U.S. manufacturing.
The first year of the initiative will focus on innovation in textiles manufacturing and common manufacturing processes that apply to a broad range of consumer goods, including small motor manufacturing and tooling for injection molding. Anticipated participating organizations include research and academic institutions, think tanks, and other nonprofit entities focused on innovations in manufacturing.
The announcement is part of Wal-Mart's commitment to buy an additional $250 billion in products that support U.S. manufacturing.
Applications are due April 22, 2014. Selected proposals will receive grants of $100,000 or more for award periods of at least one year, with the option of reapplying for continued funding. Each applicant will need sponsorship from the mayor of a USCM member city.
For more information and to apply for a grant, visit www.usmanufacturingfund.com.