I  Maine Technology Institute


     Office Locations:

8 Venture Avenue
Brunswick Landing
Brunswick, ME 04011
Phone: 207-582-4790
Fax: 207-582-4772



  • Early



  • Energy & Clean Tech
  • Food & Agriculture
  • Information Technology



    The Maine Technology Institute (MTI) is a state-funded nonprofit that offers early-stage capital and commercialization assistance for the research and development of innovative technology-based projects that create new products, processes and services generating high-quality jobs across Maine. MTI focuses on the following targeted sectors: Advanced Technologies for forestry & Agriculture; Aquaculture and Marine Technology; Biotechnology; Composite Materials Technology; Environmental Technology; Information Technology and Precision Manufacturing Technology. 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. In the 2011 fiscal year, MTI funded 127 projects totaling $14.1 million. Among many initiatives, MTI Seed Grants of up to $25,000 are offered three times a year to support early-stage research and development activities for new products and services that lead to the market. MTI also makes equity investments, particularly in order to bridge the 'gap' between start-up and commercialization. Also offered in MTI's Business Innovation Program is the Tech Start Grant for up to $5,000 and the Business Accelerator Grant for activities that will increase a company's chance of success through business planning and financial management.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:


    Portfolio companies include:

      A Up
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      Abbott Engineering
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      Abierto Networks
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      Abunai Super Tuner

      Academic Merit
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      Acadia Environmental Technology
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      Acadia Seafood International
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      Access Technology
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      Broadband Solutions
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      Bruces Tractor

      Cbe Services
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      DM Technologies
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      Electro Optical
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      Fretz Design Miniature Jewelry
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      Gladstones Under the Sun
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      Identity Cops
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      Lighthouse Imagin
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      Mook Sea Farm
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    Recent News: