Maine-based companies with innovations in biotech, advanced materials, environmental tech, forest/ag, IT, marine/aquaculture or precision manufacturing can apply any time for MTI grants, typically $10k-$30k at first and up to $100k cumulative, with 1:1 match.
MTI's Business Innovation Funding supports Maine-based companies developing innovations in seven technology sectors, from early-stage innovators to scaling businesses. Most BIF awards are grants, typically $10,000 to $30,000 for first-time applicants, with cumulative grant funding capped at $100,000 per enterprise in three tiers; a minimum 1:1 match is required, with cash match required. MTI's core programs have no application deadlines, so applicants may apply at any time.
Company must have leadership based in Maine and maintain a regular place of business in Maine.
Business or innovation must fall within MTI's seven technology sectors: Biotechnology, Composites & Advanced Materials, Environmental Technologies, Forest Products & Agriculture, Information Technology, Marine Technology & Aquaculture, and Precision Manufacturing.
Access to minimum 1:1 matching funds; cash match is required (in-kind may cover part of the match at lower funding levels).
Most nonprofits do not meet the program requirements.
Businesses planning to establish a Maine presence may apply, but funds are released only after substantial progress securing a Maine location.
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Money can be used for
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