Investing in innovation for a prosperous Maine
MTI offers grants, loans, equity investments, and services to support Maine’s innovation economy. We support new ideas, products, or methods with the potential to grow and diversify Maine’s economy and increase the number of quality jobs throughout the state through direct support of innovators and through support of programs and infrastructure that encourage innovation.
MTI had another impactful year in Fiscal Year 2019. Read our Annual Report to learn more about the amazing organizations and innovations that were supported.
Recently, MTI has developed a new strategic plan. Read about our transition to the new application, review and funding processes.
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Maine Technology Institute Releases FY19 Annual Report
$9.3 Million in Awards Issued to Maine Organizations, across 191 different projects, and that funding leveraged almost $33 million in private sector matching investment It’s hard to fathom but MTI has been providing early stage capital and commercialization assistance, as well as entrepreneurial guidance and mentorship, for 20 years now. More »
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Nearpeer raises $400,000 to fuel growth
Posted Jan 21, 2020
(Reprint from Maine Startups Insider 1/18/2020) - Nearpeer, a Portland-based edtech startup that aims to improve student retention and graduation, recently closed a $400,000 financing round. Read more here.
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