The application portal for the PRIME 2 Fund CLOSED at 11:59 pm on Friday, August 30, 2024. We anticipate award announcements will be made by the end of October 2024. Please understand additional time will be required to process awards and distribute award payments.
The application portal for PRIME Fund Phase 1 CLOSED at midnight on May 24, 2022 and award announcements were made during the last week of July, 2022.
Goals and Purpose of PRIME Fund Phase 2
MTI has established the Pandemic Recovery for an Innovative Maine Economy (PRIME) Fund to distribute $39M in federal funding approved through the American Rescue Plan Act of 2021 (ARPA). This initiative provides grant funding to help Maine businesses recover from the harm caused by the COVID-19 pandemic that affected business development and innovation in our state’s technology sectors. The PRIME Fund will be released in two phases.
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