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MTI Impact

MTI’s impact is evaluated by an independent team and results are included in the annual evaluation report. See Maine's Comprehensive Research & Development evaluations here.

  • attracts additional investment to the state
  • invests in companies that pioneer Maine’s future
  • increases Maine’s global economic competitiveness
  • increases private and public investment in Maine companies
  • grows Maine’s technology clusters so it is easier for our companies to grow
  • helps to create and sustain high-paying jobs in existing and new companies

Independent evaluation has shown that for every $1 awarded by MTI there is $14.27 in public and private investment leveraged.

FY 2012-2013 Activity:

253 Total MTI Projects Funded Totaling $10.5 Million

√ Business Innovation Program Grants and Loans – 190

√ Cluster Initiative Program – 9

√ SBIR Program Grants – 47

√ Bond Program Awards - 7

 √ Matching Funds Leveraged by New Awards: $33.7 million

For FY 2012, MTI was again ranked highest among 13 other Maine and out-of-state business resources by 358 companies that completed confidential surveys as part of the State's independent evaluation of its innovation-based economic development investments. The State's independent evaluation was not conducted for FY 2013.

See All MTI Annual Reports

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