Search:

ECONOMIC ADVANTAGE
Empowerment Zone
Pine Tree Development
Tax Increment Financing
Business Equipment Tax
Employment Tax Increment
Jobs & Investment
Sales Tax Exemptions
Workforce Training
Financing
R & D Tax Credit
 


MAINE TECHNOLOGY INSTITUTE (MTI)

Eligible Businesses:
Maine Technology Institute (MTI) will provide research & development money to companies and non-profit research organizations in the State of Maine to support the commercialization of new technology-related products and services that will create and support sustainable, high-quality jobs for Maine people. Awards are made on a competitive basis and support efforts in any of the state's seven targeted technology areas: Advanced Technologies for Forestry and Agriculture, Aquaculture and Marine Technology, Biotechnology, Composite Materials Technology, Environmental Technology, Information Technology, and Precision Manufacturing Technology.
 
 
Program Summary:
MTI meets its purpose through direct investments in promising technologies. All MTI programs require a 1:1 cash match, and are awarded based on scientific or technical merit, commercial feasibility, and potential for economic impact to the State. MTI offers three awards programs:

  • Development Awards are competitive awards of up to $500,000 per project and are awarded twice a year.
     
  • Seed Grants , awarded four times per year, are competitive grants of up to $10,000 per project to support very early activities for product development, commercialization, or business planning and development.
     
  • Cluster Enhancement Awards are competitive grants for up to $100,000 for collaborative projects that will stimulate and support the formation and growth of technology businesses and their infrastructure. These awards are considered on an on-going basis.
   
Program Results:

The Maine Technology Institute has approved funding for of 350 projects and committed over $15,000,000 to various projects. MTI funding has been matched by over $20,000,000 in other funding.

Read more about MTI here.

 


   ABOUT APP  |   OUR REGION  |   ECONOMIC ADVANTAGE  |   CONNECTED  |   NEWSLETTER ARCHIVE  |   BUSINESS SUCCESSES  |   HOME  |   SITE INDEX

AROOSTOOK PARTNERSHIP FOR PROGRESS, PO BOX 779, CARIBOU, ME 04736-0779
TEL: 1-800-509-2146   |    LOCAL: (207)-498-8731   |    EMAIL: rdorsey@nmdc.org