Impact MTI
MTI’s programs help innovators accelerate progress to the market, leverage additional private and public investment, and ultimately, expand their economic impact in Maine. Since its founding in 1999, MTI has invested over $372M+ in nearly 4,000+ distinct projects across Maine’s 16 counties. MTI funding has simultaneously generated over $2.2 Billion + in private sector matching investment. These investments have resulted in new jobs, new technologies, expanded Maine’s economy, and accelerated business growth.
Total Dollars Awarded/Matched by Year
2024 Awards by Technology Sector
The State of Maine has targeted seven technology sectors best suited for investment and other forms of support. These include both mature industries (like forestry and agriculture) as well as emerging ones (such as composite materials and biotechnology). In FY24, MTI invested in businesses within all seven of these targeted sectors, helping to create a more vibrant and diversified economy.
2024 Awards by Range
Because MTI invests in businesses of varying maturity, and because we individualize our approach and investment to the clients’ needs, we distribute our levels of funding across four ranges. Generally, we fund a greater number of projects at a lower level, then dedicate larger levels of investment to a smaller number of projects that will have a greater impact.
Learn more about MTI’s Impact
Pleins feux sur les innovateurs
MTI has propelled innovators from brilliant ideas to market success, see their stories.
Prix MTI
See MTI’s Business Innovation Funding program awards.
Programmes terminés
Learn more about completed initiatives under active management by MTI.
MTI’s Anniversary Celebrations
See how MTI celebrated success over the past 25 years.
