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 deadline for Phase 1 has been extended (from May 19) to midnight on May 24, 2022. MTI plans to make PRIME Fund Phase 1 award announcements in June 2022.

Read more about each phase of the PRIME Fund.