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 $280M in nearly 2,950 distinct 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 deployed $9.6 million across 140 distinct projects in FY20. This funding leveraged more than $58 million in private sector matching investment.
Read more about MTI’s impact in our Annual Report