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  3. About Maine Technology Institute

    Maine Technology Institute

    The Maine Technology Institute (MTI) is an industry-led, publicly-funded, nonprofit corporation that offers early-stage capital and commercialization assistance in the form of competitive grants, loans and equity investment for the research, development and application of technologies that create new products, processes and services, generating high-quality jobs across Maine.

    The Maine Technology Institute was established by the Maine State Legislature in 1999. MTI, working with partners across the state, “shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in the State's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people.” MTI is one element of the State's economic development strategy to contribute to the long-term development of a statewide research, development and product deployment infrastructure. See full statute.

    Every $1 of MTI funds received generates an additional $14 in non-MTI funding.  MTI funded companies say that MTI funding has been critical to their commercial success.

    Since 2000, MTI has funded 1,295 technology projects in Maine, a financial commitment of $106 million that has leveraged over $173 million in additional funding for a total of $280 million.

  1. Maine Technology Institute

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    1. Mentioned In 8 Articles

    2. Groups partner to spur Maine innovation economy

      Explore Mass High Tech Business News (Oct 3 2012) Maine News

      Groups partner to spur Maine innovation economy ... up,” Executive Director John Voltz told Mass High Tech. To accomplish that, the group has teamed up with the Maine Technology Institute, the Maine Center for Entrepreneurial Development and the University of Maine to co... (Read Full Article)

      Mentions:   Maine   University of Maine   Maine Technology Institute

    3. Maine Voices: State's entrepreneurs quietly leading state to a brighter future

      Explore pressherald.com (Mar 27 2012) Maine News

      ...nd development firms was also impressive. We placed ninth nationally for mature businesses in that field. The Maine Technology Institute provides funding for many businesses in the R&D and technology fields. In 2011, eve... (Read Full Article)

      Mentions:   Maine   Maine Technology Institute   Southern Maine Community College

    4. Maine Tech Institute invests in 7 businesses

      Explore Mass High Tech Business News (Mar 27 2012) Maine News

      ...saro seeks $86.2M IPO [March 26, 2012] At one year old, Retroficiency focused on fast growth [March 26, 2012] Maine Technology Institute (MTI), a publicly-financed, private nonprofit organization created by Maine’s legis... (Read Full Article)

      Mentions:   Maine   Maine Technology Institute

    5. Maine Tech Institute invests in seven businesses

      Explore Mass High Tech Business News (Mar 27 2012) Maine News

      ...saro seeks $86.2M IPO [March 26, 2012] At one year old, Retroficiency focused on fast growth [March 26, 2012] Maine Technology Institute (MTI), a publicly-financed, private nonprofit organization created by Maine’s legis... (Read Full Article)

      Mentions:   Maine   Maine Technology Institute

    6. Blackstone foundation to put $3M into Maine innovation

      Explore Mass High Tech Business News (Oct 7 2011) Maine News

      ... home for Maine innovation companies, including many in the cleantech sector. Betsy Biemann, president of the Maine Technology Institute, said in the release, “Blackstone Accelerates Growth will change the trajectory for... (Read Full Article)

      Mentions:   Maine   University of Maine   Maine Technology Institute

    7. Four Maine tech companies get MTI funds

      Explore Mass High Tech Business News (Jun 28 2011) Maine News

      Four Maine tech companies get MTI funds ...sure buys laser business for $24M [June 28, 2011] InfraReDx rounds up $24M in new funding [June 28, 2011] The Maine Technology Institute today announced four new Development Awards — conditional loans — totaling $761,348... (Read Full Article)

      Mentions:   Maine   Maine Technology Institute

    8. Two Maine companies get $897K in MTI awards

      Explore Mass High Tech Business News (Apr 15 2011) Maine News

      Two Maine companies get $897K in MTI awards ...nd turbines and one enabling convenience store marketing campaigns, have received development awards from the Maine Technology Institute. WindFloat Maine LLC of Camden, a subsidiary of Principle Power Inc., received $500... (Read Full Article)

      Mentions:   Maine   University of Maine   Maine Technology Institute

    9. MTI awards $7.25M to Maine organizations

      Explore Mass High Tech Business News (Oct 21 2010) Maine News

      MTI awards $7.25M to Maine organizations ...of MTAF awards, and will be matched by more than $13 million in additional funds. Betsy Biemann, president of Maine Technology Institute, said, “These awards recognize the work of the innovative businesses and research o... (Read Full Article)

      Mentions:   Maine   University of Maine   Maine Technology Institute

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