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Changes are coming for the Maine Technology Institute. The organization is overhauling its funding programs to boost capital access for young companies, and moving its headquarters from Augusta to Brunswick.
MTI yesterday announced a new structure for its business innovation program to address an increasing shortage of capital for companies looking to grow. The organization is offering a new TechStart grant of up to $5,000, awarded on a monthly basis, for concept planning and market research, as well as a new business acceleration grant aimed at helping tech companies strengthen their management and business planning, according to a press release. MTI is also revising its seed grant and development loan programs. Seed grants of up to $25,000 will be awarded every four months for early-stage R&D, and development loans of up to $500,000 will fund later stage R&D. It's also expanding its equity capital investments by offering up to $200,000 to select MTI companies.
Later this month, MTI will move its main office to Brunswick Landing, formerly the Brunswick Naval Air Station, a move the organization began pondering in May.
Look for the Sept. 5 issue of Mainebiz for more information MTI's new funding programs.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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