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FUZEHUB INC

ALBANY, NY · EIN 463122950 · Form 990 · FY2024 · NTEE S30 · Community Improvement · Medium ($1M-$10M) · fuzehub.com
revenue
$4.8M
expenses
$4.4M
net assets
$4.0M
employees
10
program ratio
89%
mission · from form 990

FUZEHUB WORKS TO BETTER CONNECT NEW YORK'S SMALL AND MID-SIZED MANUFACTURING COMPANIES TO THE RESOURCES, PROGRAMS AND EXPERTISE THEY NEED FOR TECHNOLOGY COMMERCIALIZATION, INNOVATIVE SOLUTIONS AND BUSINESS GROWTH.

profile · synthesized from sources

FuzeHub accelerates the growth of small-to-medium manufacturing and technology companies in New York State by connecting them with resources, expertise, and funding. The organization supports innovation and commercialization through programs like the Jeff Lawrence Innovation Fund, which offers grants and competitions, and provides direct services in marketing, technology adoption, and strategic planning. It focuses on strengthening the state’s manufacturing ecosystem through collaboration between industry, nonprofits, and government.

named programs · 6 · from sources

What they call their work

Commercialization Competition
Annual competition offering awards up to $150,000 to help startups develop prototypes and bring new products or production methods to market.
Innovation Challenge
Intermittent funding opportunity targeting specific manufacturing sectors based on current market needs, with variable award sizes and eligibility criteria.
Jeff Lawrence Innovation Fund
Provides financial support and strategic guidance to New York-based manufacturing and technology startups through three tracks: Manufacturing Grants, Commercialization Competition, and Innovation Challenge.
Manufacturing Grants
Grants that support collaboration between NYS manufacturers and nonprofit organizations to advance technology transfer, adopt new processes, and enhance products.
Marketing Services for Manufacturers
Offers branding, digital marketing, website development, public relations, and marketing strategy services tailored to small and mid-sized manufacturers.
inFUZEd Marketing Meetup
Monthly virtual forum where manufacturers can learn from marketing experts, discuss challenges, and receive guidance on digital marketing, SEO, social media, and more.
activities · 4 groups

What they do

  • Women Entrepreneurs Grant Programs 2 activities
    • Administering grant programs for manufacturing and technology innovation
      Funds manufacturing and technology companies through the Jeff Lawrence Innovation Fund and other grant initiatives, awarding up to $150,000 annually to support prototype development, commercialization, and market entry. Also provides intermittent grants for specific industry needs and has awarded over $1 million annually through its Innovation Fund.
    • Hosting innovation challenges and competitions
      Organizes and executes annual competitions such as the Commercialization Competition and the NYS Microelectronics Innovation Challenge to support early-stage companies in developing prototypes and go-to-market strategies, including awarding up to three $60,000 grants for microelectronics development.
  • Small Business Technical Assistance 1 activity
    • Connecting manufacturers to resources and expertise
      Provides guided access to a network of industry experts, programs, and assets to help startup, small, and mid-size manufacturing and technology companies in New York State address challenges in productivity, commercialization, R&D, and business growth. Offers no-cost consultations and facilitates connections to partners such as NYSTAR, ITAC, and workforce development organizations.
  • Professional Networking Events 1 activity
    • Organizing industry networking and professional events
      Plans, promotes, and manages virtual and in-person events and workshops for manufacturers and technology companies across New York State, ranging from 10 to 500 attendees, to support program development and connect target populations.
  • Uncategorized 3 activities
    • Conducting technology readiness and cybersecurity assessments
      Provides Industry 4.0 readiness assessments, cybersecurity evaluations based on NIST SP 800-171 to meet DFARS requirements, and product development assessments to help manufacturers identify improvement technologies, optimize processes, and avoid costly rework.
    • Delivering marketing and branding support services
      Offers free and paid marketing services to manufacturers and technology companies, including 30-minute expert consultations, digital marketing workshops, annual report development, and monthly inFUZEd Marketing Meetup sessions featuring experts in website development, PR, social media, and digital marketing.
    • Providing engineering and product development services
      Supports manufacturers by creating 3D CAD files from hand-made prototypes, converting prototypes into manufacturable designs, conducting design for manufacturability (DFM) analysis, and generating 2D drawing packages and bills of materials to enable accurate manufacturing quotations and reduce rework.
financials · form 990 · fy2024
revenue
Total revenue$4.84M
Contributions & grants$4.31M89%
Program service revenue$461K10%
Investment income$65K1%
Other revenue$0
expenses
Total expenses$4.42M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$915K
Grants paid out$1.68M
Largest expense lineCompensation
balance sheet
Total assets$4.29M
Cash$3.42M
Investments$0
Liabilities$269K
Net assets$4.02M
Liquid reserves9.3 mo
4 years on record · 2020–2024 · YoY revenue +7.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
ELENA GARUC EXECUTIVE DIRECTOR 40 $197K
ERIC FASSER SOLUTIONS PROGRAM MANAGER 40 $119K
board members · 5
  • FATIN HADDAD — SECRETARY
  • KEVIN O'LEARY — TREASURER
  • LLOYD PLOOF — BOARD MEMBER
  • RYAN SILVA — BOARD MEMBER
  • SANTOKH BADESHA — BOARD MEMBER
relationships · 20

Who they work with

  • Ameri-Tool Manufacturing Partner — Manufacturer of gas springs products that received website transformation services from FuzeHub.
  • CathBuddy, Inc. / Aurie Partner — Supported through the Commercialization Competition or Manufacturing Grant program, with FuzeHub providing investment and strategic guidance.
  • Center of Excellence for Food and Agriculture Partner — Partner organization supporting entrepreneurs in food and agriculture innovation.
  • Clarkson University Partner — Collaborated with FuzeHub to support LC Drives Corp in establishing manufacturing capabilities.
  • Empire State Development’s NYSTAR division Government — Government-affiliated entity whose subsidized resources and personnel support manufacturer development through FuzeHub referrals.
  • Globalfoundries Partner — Collaborates with FuzeHub through industry engagement in semiconductor initiatives.
  • ITAC Partner — Resource partner providing guidance on manufacturing setup and relocation.
  • Jeff Lawrence Innovation Fund Funder — Funds the Commercialization Competition through which FuzeHub awards grants to early-stage companies.
  • MEP National Network Network — FuzeHub is part of the MEP National Network, collaborating to support manufacturing innovation in New York State.
  • Manufacturing Extension Partnership Network — FuzeHub is the statewide representative of the Manufacturing Extension Partnership (MEP) network in New York State.
  • NORDTECH Partner — Co-hosted the inaugural NYS Microelectronics Innovation Challenge with FuzeHub.
  • NYS Government — Collaborates on manufacturing and technology industry events across New York State.
  • New York MEP Partner — Collaborates on delivering Industry 4.0 readiness assessments and consultations.
  • New York State Government — Primary geographic and operational focus for service delivery and program implementation.
  • New York State Government — Primary geographic and operational focus; receives support and alignment with state-level manufacturing and technology initiatives.
  • Retrn Bioworks Inc. Partner — Supported through the Commercialization Competition or Manufacturing Grant program, with FuzeHub providing connections, guidance, and investment.
  • SOTRO Innovations Partner — Supported through the Commercialization Competition, with FuzeHub providing critical investment, advice, and guidance for product development.
  • Schatz Bearing Company Partner — Client manufacturer that received website redesign services from FuzeHub.
  • Workforce Development Institute Partner — Referral partner for manufacturers needing workforce assistance.
  • Z Axis, Inc. Partner — New York state contract manufacturer that has used FuzeHub's marketing workshops and services.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Client-Centered, Staged Support Model
    methodology: client-centered_support
    By tailoring services to a company’s specific growth stage, team composition, and innovation status, FuzeHub ensures relevant and timely interventions because individualized roadmapping increases the effectiveness of resource connections and support services.
  • Design-for-Manufacturability as an Innovation Enabler
    methodology: design_for_manufacturability
    By applying design-for-manufacturability (DFM) principles to convert prototypes into production-ready designs, FuzeHub enables startups to engage contract manufacturers effectively because alignment with real-world production methods reduces cost, risk, and time-to-market.
  • Integrated Support and Funding Model
    methodology: integrated_support_model
    By layering expert consultation, education, funding access, and technology adoption support into a single service model, FuzeHub comprehensively addresses barriers to manufacturing growth because a multidimensional approach better meets the complex needs of small-to-medium technology-driven manufacturers.
  • Market-Responsive Innovation Funding
    methodology: market-responsive_innovation_funding
    By aligning funding opportunities with current market needs through targeted innovation challenges and competitive selection, FuzeHub prioritizes high-potential technologies because market-aligned investment increases commercialization success and sector-wide innovation impact.
  • Network-Brokerage Model for Manufacturing Growth
    methodology: network_brokerage
    By connecting manufacturers to a coordinated network of resources, expertise, funding, and training across public, academic, and private sectors, FuzeHub lowers barriers to growth and innovation because access to distributed support ecosystems enables technology commercialization and business scalability.