PRIME Fund

The portal to accept applications for the PRIME Fund Phase 1 Program CLOSED at midnight on May 24, 2022 and award announcements were made during the last week of July, 2022. Please understand additional time will be required to process awards and distribute award payments.

Information about Phase 2 will be posted in this section of our website as it becomes available. Stay tuned!

MTI has established the Pandemic Recovery for an Innovative Maine Economy (PRIME) Fund to distribute $39M in federal funding approved through the American Rescue Plan Act of 2021 (ARPA). This initiative provides grant funding to help Maine businesses recover from the harm caused by the COVID-19 pandemic via business development and innovation in our state’s technology sectors. PRIME Funds will become available in two phases.

The application portal for PRIME Fund Phase 1 CLOSED at midnight on May 24, 2022 and award announcements were made during the last week of July, 2022. Additional time and communications will be required to process awards and distribute award payments.

Read more about each phase of the PRIME Fund.