Welcome to the Maine Technology Institute The Maine Technology Institute (MTI) is a state-funded nonprofit that offers early-stage capital and commercialization assistance for the research and development of innovative technology-based projects that create new products, processes and services, generating high-quality jobs across Maine. Did you know? For every $1 of MTI funding, $12 are leveraged in additional private and public financing for Maine Read more about MTI's impact in Maine. Latest MTI News 08/11/08 MAINE TECHNOLOGY ASSET FUND A press conference was held on August 11, 2008, with Governor John Baldacci, Commissioner John Richardson of DECD and MTI President Betsy Biemann to announce the 14 recipients of the first round of the Maine Technology Asset Fund for a total request of $29,919,446. Read the press release. Click here for the list of award recipients. The MTI Board expects to announce the Request for Applications for the second around of awards this fall. Read more about the Maine Technology Asset Fund. 07/23/08 MTI AWARDS 8 SEED GRANTS 07/02/08 MTI PRESIDENT COMMENTS ON MPBN ABOUT MAINE'S POSITION IN THE NATIONAL INNOVATION ECONOMY MTI MAKES FOUR DEVELOPMENT AWARDS FOR NEARLY $1.4 MILLION MTI Announcements, Deadlines and Dates NEW CLUSTER INITIATIVE AWARD PROGRAM TO BE ANNOUNCED MTI will shortly announce a new Cluster Intiative Award program to boost the strength and scale of Maine's high-potential technology intensive clusters. The new program draws on MTI's experience with its cluster enhancement award program since 2000 and the recently released report, "Maine's Technology Sectors and Clusters: Status and Strategy." Details will be announced on this website and the MTI eNEWS. 2008 MTI MIXER: Celebrate a Year of Innovation in Maine! Save the date: Tuesday, September 30, 2008, 4;00 - 7:00 p.m. Join MTI, entrepreneurs, members of Maine's technology and business community, legislators, investors and others interested in Maine's technology at the Wells Conference Center on the UMaine campus in Orono. Details to follow. Click here to register to attend. MTI DEADLINES AND DATES October 16, 2008: Next Seed Grant deadline. Signed, complete proposals must be received by MTI at its office by 5 p.m. October 6, 2008: Next Development Award deadline. Applications must be received by MTI at its office by 5 p.m. MTI Award Recipients in the News Tidal Currents Advancing MTI Award Recipient Toward Market Recipient of two MTI Development Awards, Ocean Renewable Power Company in Eastport is moving ahead with its experiments in harnessing Passamaquoddy Bay tides, the greatest tide change in the continental U.S. Follow the story in the Bangor Daily News of August 25, 2008. Aerospace Cluster in an Upswing with Help from MTI Award Last year's MTI Cluster Enhancement Award helped boost Maine's aerospace manufacturers' efforts to build and strengthen educational and research facilities to take advantage of burgeoning global opportunities. Read the story in the Press Herald/MaineToday article on August 5, 2008. MTI Award Helps Virtual Golf mCaddie Dream Move to Reality MTI's recent seed grant award to mCaddie of Portland is helping what began as a dream move to a real application on the golf course: a virtual caddies that not only keeps score, but proviedes help, information, advice and a social network, too. Read the story and watch a video of mCaddie in action in the Sun Journal article on July 29, 2008.  Click here to read more stories about MTI Award Recipients in the News.