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Sponsored by: Maine Technology Institute
Updated: March 4, 2024 2024 Innovation Hub

Maine Technology Institute

MTI helping catalyze innovation in Maine

The Maine Technology Institute (MTI) is proud to sponsor the 2024 Mainebiz Innovation Hub magazine. This publication is full of helpful information about the organizations and resources that are available to nurture and support entrepreneurs as they develop new products and services, encounter and surmount challenges, create and retain jobs, and grow and scale their operations.

Brian Whitney

MTI is Maine’s unique public-private partnership that helps catalyze innovation. We offer early-stage capital and commercialization assistance in the form of grants, loans and equity investments, as well as entrepreneurial guidance and mentorship, to achieve our core mission.

In addition to investments made directly into private companies, research organizations and educational entities, MTI also works to ensure that a complementary system of supports exists for entrepreneurs and businesses to make certain that they have access to the assistance they need to succeed. We do this by promoting entrepreneurship and interest in science, technology, engineering, and mathematics by supporting things like the Maine Center for Entrepreneur’s Top Gun business accelerator program, the Big Gig pitch competition in Bangor, Greenlight Maine, Entrepreneurship for All, Junior Achievement, the Maine State Science Fair, and the Maine Science Festival, to name just a few.

We also recently expanded our programming at MTI by launching the Maine Entrepreneurial Resource Corps. This program matches Maine start-ups with reliable, affordable consultants to help address short-term, high-impact projects that will contribute to a company’s long-term growth plan. MTI will pick up the tab for 50% of the cost of approved projects, making it a win-win for the entrepreneur and the resource provider. More information can be found here: mainetechnology.org/mti-funding/merc.

Finally, our statute requires that we help Maine individuals and companies interested in attracting a piece of the $4 billion that the federal government doles out annually in research and development funding. MTI provides free technical assistance and guidance to Mainers to help them develop competitive federal funding applications.

We hope you enjoy the 2024 Mainebiz Innovation Hub. If MTI can ever be of assistance, please call us at 582-4790 or visit our website at mainetechnology.org.

— Brian Whitney, President of Maine Technology Institute