Accelerator Grant

Award: Up to $50,000

Timing: monthly - applications due the first Tuesday of each month for SBIR Accelerator Grants. DL Accelerator Grants are accepted on a rolling basis.

Intent: To support commercialization and business development capacity-building activities that are required to advance a new technology to market for companies who have received a Development Loan and/or Federal R&D funding.

Who is Eligible to Apply?

  • Companies that have recently been chosen for Federal Small Business Innovation Research (SBIR) Phase I and Phase II funding or other Federal R&D program awards, including Broad Agency Announcements (BAA)
  • Start-up/Early Stage Companies that are currently executing a Development Loan (DL) project.

 

Eligible Projects

Eligible companies can use these grant funds to support commercialization, business development and capacity-building activities. The project activities should work to advance the new technology to market and to firmly establish or increase the scope and sustainability of the business enterprise. This grant funding is intended to increase the competitiveness of the company by providing funds directed at products/services commercialization, business and management team development, and company organization.

Each grant requires a 1:1 match consisting of actual cash, salaries, staff time, or equipment directly attributable to the proposed project.  Funded projects must fall under one of Maine’s seven targeted technology sectors.

 

Accelerator Grant Application Process

Some documents are in Portable Document Format (PDF) and require Adobe Reader for viewing. If you do not have this software, it can be downloaded free of charge at the Adobe web site.

Step 1: Contact your current Investment Officer to discuss the details of your proposed Accelerator Grant project.

*Note: if you do not currently have an Investment Officer (IO) or do not recall who your IO is, please call (207) 582-4790 and we will provide you the information.

Step 2: Download the Accelerator Grant Application Instructions  (For DL) / (For SBIR)

Step 3: Download Form BProject Budget (For DL) / (For SBIR) and Application Checklist (For DL) / (For SBIR) to include with your final application submission

Step 4: Email a draft of your application proposal to your Investment Officer for feedback.

Step 5: Submit your final application as one, complete PDF attachment through MTI’s Online Application Portal.

Step 6: Receive notification of your application’s review and funding determination – MTI will contact you regarding this decision as outlined in the Application Instructions.

The next deadline for SBIR Accelerator Grant applications is January 2, 2018. Incomplete applications will not be accepted.

All applicants will be notified of their proposal’s funding decision no later than the final day of the month in which the application was submitted.

Grant Recipient Forms

Accelerator Grant Agreement (PDF)

Accelerator Reporting Requirements (PDF)

Accelerator Grant Expense Report (For DL) / (For SBIR)