Calling all doers, innovators and pioneers
MTI works with Maine inventors in garages all the way up to publicly traded companies who are conducting research and development. We provide funding and assistance to help convert your innovative ideas into new products, processes or companies. View the video above to learn more.
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.
Dates & Deadlines:
$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 »All Blog Posts »
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.All News Entries »