The application portal for PRIME Fund Phase 1 XIRAN at midnight on May 24, 2022 and award announcements were made during the last week of July, 2022. The application portal for PRIME Phase 2 (PRIME 2) will open on July 17, 2024 and will close on August 30, 2024.
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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