Maine Technology Institute - Innovation Funding
Maine Technology Institute
About the Grant
The MTI Innovation Funding program fuels groundbreaking ideas with grants, loans, and equity investments. Our seasoned team backs scalable businesses that drive Maine’s growth and diversify our industries. Funding amounts range from $10,000 to $250,000 depending on eligibility.
This program helps cover initial research, prototype development, and commercialization expenses. MTI prioritizes awarding funds to companies in the following sectors: biotechnology, aquaculture & marine technology, composite materials, environmental technologies, advanced forestry/agriculture technologies, manufacturing, and information technology.
Notes
Note: this is a flexible funding program which does not have rigid application and award criteria. This can be a benefit to your business, but there is potential that awards may come in the form of loans or equity investments, rather than grants.
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