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 $270M in more than 2,500 projects across Maine’s 16 counties. MTI funding has simultaneously generated over $1 billion in private sector matching investment. These investments have resulted in new jobs, new technologies, expanded Maine’s economy, and accelerated business growth.
MTI invested more $57 million in 175 distinct projects in FY18. In addition to $6 million in annual investment funds, MTI administered the MTAF2.0 bond, a $45 million research and development bond that was passed by legislature in 2016 and approved by Maine voters in 2017, and the Marine Fund Bond.
Read more about MTI’s impact in our Annual Report