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Accelerating Maine Innovation

MTI offers grants, loans, equity investments, and services to businesses, organizations, and entrepreneurs to support Maine’s innovation economy.

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Learn More About Our Funding Programs

Introducing MTAF 3.0 – Fueling Maine’s Future

Applications are now open for the Maine Technology Asset Fund 3.0, a $25 million initiative investing in groundbreaking innovation across Maine’s key technology sectors. For-profit companies and nonprofits can apply for up to $2.5 million to support research, development, and commercialization projects that create quality jobs and grow Maine’s economy. Application Deadline: November 13, 2025

From groundbreaking ideas to visionary entrepreneurs, we’ve catalyzed economic growth in every corner of our state.

WellSort

Innovating Mental Health Support

The Maine start-up ecosystem is absolutely on fire! It’s super-dynamic and brings together like-minded people who simply want to help grow the Maine economy and workforce while solving some important problems. –Tim Seavey, CEO, WellSort Tackling the Wellbeing Crisis with a Ground-Up Solution Mental health challenges have reached critical levels among students and employees…

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Seascale

Fishermen have told us they’re grateful that we’re offering a solution-oriented, respectful approach to diversification instead of the doom and gloom that defines so many news stories about the lobstering industry. –Charlie Walsh, Co-founder & CTO, Seascale For generations, Maine’s lobster fishermen have been the backbone of the state’s coastal economy. Yet as the…

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Kind Mind

MTI’s support gave Kind Mind the ability to bootstrap while growing with intention. It allowed us to strengthen our product through real customer feedback, build a team to support our next phase of growth, and work with experienced mentors to develop a strategy in areas where we needed guidance but didn’t yet have…

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Island Institute

The MTI network has also helped amplify Island Institute’s efforts and spread awareness throughout Maine’s broader community. –Lia Morris, Senior Community Development Officer, Island Institute Leading the Charge Toward Cleaner Waters For 41 years, Island Institute has worked with island and coastal communities in Maine to address their most pressing economic and environmental…

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President’s blog

October Update: MTAF 3.0, Networking Opportunities, and Life Sciences Growth

It’s hard to believe it’s October with the warm weather we had earlier this month.  Nevertheless, fall is upon us, and so too are a myriad of exciting developments at MTI. First, we officially launched MTAF 3.0 late in September, applications remain open until November 13th.  There is detailed information on our website.  In addition,…

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Blue Ox Malthouse

Maine has a wealth of programs and resources—MTI included—that really make it possible for first time entrepreneurs and small businesses to go from an idea to a fully fledged commercial business.

–Joel Alex, Founder, Blue Ox Malthouse

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