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Maine Technology Asset Fund

Creating and retaining good jobs, leveraging private and federal investment and driving Maine’s business growth through collaborations.

MTAF award recipients represent every aspect of Maine’s innovation economy – from non-profit research firms, to university-based programs, to for-profit businesses – and span the state. They all share a common goal of expanding the possibilities for the future for the people and economy of the state of Maine.

$52.85 million invested

35 R&D projects across Maine

$82 million leveraged in private and federal funds*

*amount leveraged at time of the award, some projects have since leveraged significantly more

 

MTAF Economic Impact Data (as of June 30, 2011)

 

 $52,855,611 APPROVED  for multi-year projects   

 $26,772,902 REIMBURSED AS OF JUNE 30, 2011

289 NEW JOBS CREATED*

303 JOBS PRESERVED*

263 NEW JOBS* CREATED IN INDUSTRY

1,465 JOBS* PRESERVED IN INDUSTRY

12 NEW PRODUCTS AND/OR SERVICES DEVELOPED

51 NEW PATENTS OR OTHER INTELLECTUAL PROPERTY PROTECTION

$99,608,820 in NEW GRANT OR CONTRACT FUNDS SECURED

$23,750,000 NEW DEBT OR EQUITY INVESTMENT COMMITTED

*Jobs in Maine’s technology sectors historically pay 37% higher than the average Maine wage.

 MTAF Chronology

2007    Maine Voters approve $50 million bond to create the MTAF

2008    First Round of MTAF awards of $24.8 million

2009    Second Round of MTAF awards of $20.8 million

2010    Maine Voters approve additional $3 million bond

2010    Third Round of MTAF awards of $7.2 million

 

Map of MTAF Award Recipients and Project Partners

 

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