MTI Impact

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.

In FY23 MTI deployed $7.8 million across 123 distinct projects. This funding leveraged more than $42.8million in private sector matching investment.

Read more about MTI’s impact in our FY23 Annual Report.

MTI Impact