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MTI Support Events

MTI and Maine Angels Network Mentoring

On Friday, May 21, the Maine Technology Institute and the Maine Angels Network convened a lunch panel of early-stage companies and their advisors and mentors who shared their experiences with the audience of over 60 MTI-funded entrepreneurs, Maine Angel investors and others. Their stories reinforced the value of drawing on experienced business advisors and mentors to help develop successful early stage businesses. MTI’s Roger Brooks and Maine Angels’ Chris Speh moderated the panel. Participants included David Murray, Dan Gagnon, Cindy Sweet and Kerem Durdag from Advance Electric Concepts, Portland, Penny Johnston, Terry Veysey and Kip Moore from The Maine Float Rope Company, Waldoboro and William Sulinski from AccelGolf, Portland.

The luncheon is an annual event sponsored by MTI and the Maine Angels Network which serves to introduce MTI-funded companies to prospective angel investors and also educate attendees on approaches for strengthening management teams, engaging experienced advice needed to get results and better prepare for subsequent investment and growth. “MTI’s work with early-stage and emerging companies over the past ten years has underscored the importance of engaging experienced advisors and mentors as well as building strong management teams necessary for a start-up company to survive and thrive,” noted Roger Brooks. “As we move through this climate of tighter investment capital, particularly for early-stage technology companies, our role at MTI needs to include this kind of targeted assistance. Educating companies how to develop advisor and core mentoring relationships is a vital component of such assistance.”

Providing support to MTI-funded companies both directly and through partner collaborations is a key initiative in the new three-year MTI strategic plan and is aimed at assisting companies as they advance along the technology development, commercialization and growth continuum.

SBIR Technical Assistance Program

The Maine Technology Institute (MTI) has developed an SBIR/STTR (Small Business Innovation Research and Small Business Technology Transfer) Technical Assistance Program to encourage entrepreneurs and small business to participate in the federal SBIR/STTR Program. The SBIR/STTR program is designed to encourage small businesses to perform leading edge technology-oriented research and development leading to the commercialization of new products or services.

The MTI Technical Assistance Program advises and guides small businesses in identifying business opportunities within the $2Billion plus SBIR program by providing and is available at no cost to:

  • Provide introduction to the SBIR program
  • Assist small businesses in writing competitive proposals
  • Assist with proposal strategy and planning meetings, accounting assistance
  • Assist with proposal writing guidance throughout the entire process
  • Provide critical technical editing and reviews of your proposal, and
  • Assist in the Phase II planning process, including accounting assistance, market research and commercialization planning from expert consultants.

For Application for the SBIR/STTR programs, please go to FUND.

To set up a meeting to discuss the SBIR/STTR program and how your company may benefit from receiving early stage R&D funding, please call MTI consultant Karen West of C & P Management Services, LLC at 207-845-2934 or email at cpmgmt@fairpoint.net.

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