Business Innovation Funding (Maine Technology Institute)

About this program

Maine Technology Institute (MTI) offers Business Innovation Funding — grants, loans, and equity investments typically ranging from $10,000 to $250,000 — to support scalable businesses developing innovative products, devices, or methods that drive economic impact and diversify Maine’s industries. Award size determines the depth of due diligence (financial, business systems, technology) and successful recipients enter contracting and quarterly progress reporting. Eligible applicants must be Maine-based, operate in one or more of MTI’s seven targeted technology sectors, demonstrate market validation and customer discovery, and provide minimum 1:1 matching funds. Prospective applicants start with MTI’s Startup Questionnaire to assess fit, then submit an online Interest Form and work with an MTI investment officer through application, review, decision, and contracting steps.