Maine Technology Institute

Mission The Maine Technology Institute (MTI) is an industry-led, publicly funded, nonprofit corporation that offers early-stage capital and commercialization assistance in the form of competitive grants, loans, and equity investment for the research, development, and application of technologies that create new products, processes, and services, generating high-quality jobs across Maine. The Maine Technology Institute was established by the Maine State Legislature in 1999. MTI, working with partners across the state, “shall encourage, promote, stimulate, and support research and development activity leading to the commercialization of new products and services in the state’s technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people.” MTI is critical to the state’s economic development strategy and a significant driver in the long-term expansion of research and development assets resulting in the creation of new ventures.