Business Innovation Funding
We fuel groundbreaking ideas with grants, loans, and equity investments. Our seasoned team backs scalable businesses that drive Maine’s growth and diversify our industries.
Criteria for Application
Your organization or project must meet the following criteria to be eligible for business innovation funding.
- Must be a Maine-based business
- Fits in one or more of MTI’s seven targeted technology sectors
- Innovative product, device, or method
- Clear potential to drive economic impact in Maine
- Able to provide validation of concept through market research and customer discovery
- Access to minimum 1-1 matching funds
Funding Structure
The larger the funding request, the more thorough the due diligence required — which can include a financial review, business systems review, and/or technology review.
Types of Funding
Grants, Loans, or Equity
Typical Funding Amount
Ranges from $10,000 to $250,000, depending on eligibility.
Read more about the evaluation process.
Application Process
Step 1: Fill out the online interest form.
Step 2: Connect with an MTI team member.
Step 3: Apply at your convenience.
Step 4: Application review.
Step 5: Decision.
Step 6: Ongoing reporting.
