Maine Technology Institute

What they fund

recoveryforestrymainedevelopmentwillpandemictechnology

Funding pattern

What this funder pays for, at what size, and how to position adjacent work. Read from their filings, with every number checked against the record.

28 grants matching “allowed” · $1.7M

• $162,895

  Downeast Institute for Applied Research · Beals, ME · 2023

  This project will support a collaborative effort of 3 hatcheries, NOAA's Milford Lab and others working to develop consistently successful hatchery methods to raise sea scallops. This innovation is needed to enable sea … read allThis project will support a collaborative effort of 3 hatcheries, NOAA's Milford Lab and others working to develop consistently successful hatchery methods to raise sea scallops. This innovation is needed to enable sea scallop aquaculture in Maine to reach a scale of significance to Maine's economy, allowing farms to create secure jobs and raise capital. The current practice of capturing spat from the wild to grow out on farms will limit the growth and success of this emerging aquaculture opportunity. Our innovation will result in at least one commercial scallop hatchery in Maine that can serve the needs of the industry and help support future growth. less
• $135,714

  Ocean'S Balance · S Portland, ME · 2023

  We operate an innovative seaweed dehydrator for use in processing harvested seaweed by both our own company and by other seaweed farms. Ours is an in-demand, differentiated solution to the aquaculture industry-wide road… read allWe operate an innovative seaweed dehydrator for use in processing harvested seaweed by both our own company and by other seaweed farms. Ours is an in-demand, differentiated solution to the aquaculture industry-wide roadblocks related to processing very large volumes of farmed kelp during a short harvest season. With additional technology and support from MTI, we will be able to further automate and make efficient this important process that addresses a major untapped commercial opportunity that Maine is ideally positioned to capture. Our solution is different from current alternatives because our dehydrator is energy efficient, low temperature, and automated and allows for processing high volumes of seaweed in a short amount of time. There is also an integrated milling system that allows for the kelp to be milled to any particle size after dehydrating, which is a requirement by virtually all buyers. less
• $50,000

  Maine Laboratories Llc · Norridgewock, ME · 2023

  Maine Laboratories is a startup analytical testing facility that strictly focuses on per-and polyfluoroalkyl substances (PFAS) testing and sample collection. Maine Laboratories is excited to build a Biotechnology compan… read allMaine Laboratories is a startup analytical testing facility that strictly focuses on per-and polyfluoroalkyl substances (PFAS) testing and sample collection. Maine Laboratories is excited to build a Biotechnology company in the middle of central Maine. We believe providing stable jobs in the sciences working on the PFAS problem that is affecting so many Maine residents will encourage younger people to remain and pursue careers in the state of Maine, particularly central Maine. This grant application if for 50k in funding to support our office space expansion. Once complete, we will move our Lab Tech office space out of our primary lab space, opening up room to double our equipment. Doubling our equipment allows Maine Laboratories to scale up in sample volume, provides security against system maintenance or downtime, and provides capacity to develop additional methods and sampling techniques without affecting our turn around time commitment. less
• $45,000

  Leisure Group Tech · Portland, ME · 2023

  Our Leisure Group Tech software is designed to allow you to plan and coordinate events of all types and sizes. Our software is designed to streamline the event planning process. Our software is user-friendly, efficient,… read allOur Leisure Group Tech software is designed to allow you to plan and coordinate events of all types and sizes. Our software is designed to streamline the event planning process. Our software is user-friendly, efficient, and customizable, providing a seamless experience for all users. With our software, you can focus on delivering exceptional travel and event experiences for your clients while we take care of the administrative tasks. We are committed to making our software available to everyone include those located in rural areas and from the the BIPOC communities interested in starting local businesses from home. I am seeking MTI funding to help us with the redevelopment of our software to multi tenant software for commercialization so we can offer software as a service (SaaS) to the millions of other event professionals around the World. less
• $25,000

  Dealpoint Corporation · Kittery, ME · 2023

  DealPoint Corporation, a Maine corporation founded in 2022, developed DEALPOINT as an advanced messaging platform which allows merchants, primarily small and mid-size businesses, to connect with customers utilizing geo-… read allDealPoint Corporation, a Maine corporation founded in 2022, developed DEALPOINT as an advanced messaging platform which allows merchants, primarily small and mid-size businesses, to connect with customers utilizing geo-targeting and data management solutions. Merchants are in complete control of their messaging and how to distribute offers to customers. less
• $25,000

  Efficient Surgical Apps · South Portland, ME · 2023

  JotLogs' innovation is a unique software-as-a-service product that optimizes clinical documentation using advanced machine learning. Our user-friendly platform allows healthcare providers to reduce time spent on paperwo… read allJotLogs' innovation is a unique software-as-a-service product that optimizes clinical documentation using advanced machine learning. Our user-friendly platform allows healthcare providers to reduce time spent on paperwork and focus more on patient care. By offering insightful data visualization tools and ensuring data security with robust protocols, we enhance both efficiency and trust in our service. As we continue to refine and expand our services, we are seeking both funding and strategic business advice. Financial support will accelerate product development, market expansion, and support ongoing research. In addition, we're interested in gaining insights from seasoned experts in healthcare and tech sectors to ensure our product's continued relevance and competitive edge. less
• $25,000

  Jurydat Llc · Portland, ME · 2023

  JuryDat is a software platform (I'm the founder/creator/operator) which houses juror data more specifically the likely political views on about 140 hit button issues. Public data which is very costly to an individual at… read allJuryDat is a software platform (I'm the founder/creator/operator) which houses juror data more specifically the likely political views on about 140 hit button issues. Public data which is very costly to an individual attorney for an individual case and difficult to get their hands on. The software has a voir dire component which allows for note taking on a juror live in court, rating, ranking, color coding the jury pool. The data exposes underlying bias' of jurors allowing the attorney to select the most unbiased jury possible. JuryDat gives the gift of time and information. It has been used successfully in numerous civil and criminal cases. I need funding to keep data updated (need to purchase new data yearly as the likely views change and need to update software and features. less
• $25,000

  Nec Group · Eliot, ME · 2023

  Our technology streamlines the engineering process and production methods of a low volume sportscar chassis. This allows for our company to quickly design a safe, easily manufacturable structure. By shortening the devel… read allOur technology streamlines the engineering process and production methods of a low volume sportscar chassis. This allows for our company to quickly design a safe, easily manufacturable structure. By shortening the development process for a baseline chassis, we can better focus on integrating bespoke features onto the vehicle to provide a premium ownership experience for our customers. By receiving funding we will be able to finish our rolling chassis prototype and begin marketing, testing, and pre-production deliverables. less
• $11,750

  Innometrix · Waldoboro, ME · 2023

  Steve Bailey and Dave Phillips are building InnoMetrix, an Innovation Performance Management software solution, that allows large enterprises to connect the dots between innovation and performance. We are approaching MV… read allSteve Bailey and Dave Phillips are building InnoMetrix, an Innovation Performance Management software solution, that allows large enterprises to connect the dots between innovation and performance. We are approaching MVP with our solution and are engaging MTI for grant/financial and advisory assistance. There is a growing market for solutions like InnoMetrix and we have pilot project interest from prospects. We are excited to build a Maine-based company that provides career opportunities for Maine people. less
• $306,667

  Steel-Pro · Rockland, ME · 2022

  Production Optimization Purchase Heavy Duty Internal Seam Grinding System aka Polisher to increase output capacity of a specific product for the biopharmaceutical market sector. This equipment will allow us to dedicate … read allProduction Optimization Purchase Heavy Duty Internal Seam Grinding System aka Polisher to increase output capacity of a specific product for the biopharmaceutical market sector. This equipment will allow us to dedicate a space to automate a task that is typically manual and requires a fair amount of skill and turn it into a task that requires less space and hands on involvement from our employees. less
• $195,000

  Good To-Go Llc · Kittery, ME · 2022

  At Good To-Go we create and manufacture all-natural, shelf-stable dehydrated meals. Sold in re-sealable pouches, all you need to do is add boiling water to the bag, wait a few minutes and then your meals are ready to ea… read allAt Good To-Go we create and manufacture all-natural, shelf-stable dehydrated meals. Sold in re-sealable pouches, all you need to do is add boiling water to the bag, wait a few minutes and then your meals are ready to eat. Our unique process, where we dry entire meals, not just ingredients, imparts the food with the intrinsic texture and flavor you would expect from a restaurant quality meal. Our dryers, originally designed for kiln drying for the lumber industry, are made in Maine by Nyle Systems. After extensive testing, we determined the dryer would be essential for our process. It slowly dries the food, blowing hot air over our trays and then directing the air over refrigeration coils. The coils allow the moisture in the air to condensate, rather than accumulating excess stream. We are seeking funding to increase our production capacity by purchasing more drying equipment. less
• $106,233

  Tree Free Heat Llc · Waterville, ME · 2022

  Tree Free Fire manufactures and sells all-natural portable campfires that are easy-to-use, scentless, and made for good times. Over the course of 2022, demand for our portable campfire and fire pit kit has significantly… read allTree Free Fire manufactures and sells all-natural portable campfires that are easy-to-use, scentless, and made for good times. Over the course of 2022, demand for our portable campfire and fire pit kit has significantly increased. Access to funding will allow Tree Free Fire to increase production, grow national awareness, and fulfill the growing demand. less
• $100,000

  Fieldstack Llc · Cumberland Foreside, ME · 2022

  The FieldStack Lean Retail Platform is a unified technology stack that provides point-of-sale, eCommerce, inventory management, warehouse management, customer relationship management, real-time data analytics, automatio… read allThe FieldStack Lean Retail Platform is a unified technology stack that provides point-of-sale, eCommerce, inventory management, warehouse management, customer relationship management, real-time data analytics, automation, and more. Our eCommerce solution is a critical component, unlocking our clients ability to provide a unified experience to their customers as they shop online and in stores. This project will expose all eCommerce functionality via an API for greater scalability and allow 3rd parties to develop mobile applications to strengthen our clients omni-channel capabilities. less
• $100,000

  Cape Partnership Llc · Sanford, ME · 2022

  The Collapsible Aerosolized Particle Enclosure, (CAPE Isolation System) is a versatile isolation solution that provides added layers of protection to health care providers and patients at risk of exposure to infectious … read allThe Collapsible Aerosolized Particle Enclosure, (CAPE Isolation System) is a versatile isolation solution that provides added layers of protection to health care providers and patients at risk of exposure to infectious aerosols or droplets during care delivery. The CAPE offers a mobile negative pressure environment to acute care areas allowing for expanded isolation capacity and preservation of other personal protective equipment (PPE) resources that are routinely in short supply. less
• $50,000

  Amply Energy · Cumberland, ME · 2022

  Amply Energy (Amply) is developing a mobile app to streamline the process of electrifying residential homes, beginning with HVAC systems and heat pump installation. The Amply app will allow installers to quickly and acc… read allAmply Energy (Amply) is developing a mobile app to streamline the process of electrifying residential homes, beginning with HVAC systems and heat pump installation. The Amply app will allow installers to quickly and accurately collect home data, design a right-sized system, prepare bids, process rebates, and then use the homes data to facilitate electrification of other home systems and appliances. less
• $50,000

  Owl'S Head Solutions · S Thomaston, ME · 2022

  Marketing and design can be a hard sell to the life sciences industryespecially pre-clinical stage innovators. They need to spend on R+D, and marketing and branding becomes an afterthought. To penetrate this market effe… read allMarketing and design can be a hard sell to the life sciences industryespecially pre-clinical stage innovators. They need to spend on R+D, and marketing and branding becomes an afterthought. To penetrate this market effectively, Owl's Head Solutions is developing a library of ADA friendly WordPress compatible blocks. These blocks allow for the rapid development of ADA compliant websites for life sciences clients at extremely competitive costs. less
• $40,000

  S P Holt Corporation · Orono, ME · 2022

  Shaw & Tenney requests grant funding from MTI to support additional production capacity for their existing product lines of traditional solid wooden flat blade oars and spoon oars. This project will allow the company to… read allShaw & Tenney requests grant funding from MTI to support additional production capacity for their existing product lines of traditional solid wooden flat blade oars and spoon oars. This project will allow the company to pursue growth opportunities in the solid wooden oar market. less
• $25,971

  Sun Diagnostics Llc · New Gloucester, ME · 2022

  Lipoprotein(a) [Lp(a)] is an important but undervalued cardiovascular disease (CVD) risk factor, found by several studies to be a significant, independent predictor of CVD. The available commercial assays are generally … read allLipoprotein(a) [Lp(a)] is an important but undervalued cardiovascular disease (CVD) risk factor, found by several studies to be a significant, independent predictor of CVD. The available commercial assays are generally inaccurate due to the use of antibodies that recognize apo(a) kringle 4 type 2 repeats. We have developed antisera to human apo(a) specific peptides and a prototype immunoturbidimetric assay for Lp(a) that eliminates the bias associated with apo(a) isoform size polymorphisms and allows for accurate measurement of Lp(a) particle number concentration [Lp(a)-P]. We are requesting funding for a capital purchase (chemistry analyzer and water system) and to support the assay development and standardization process. less
• $25,000

  Twiyo · Brooklyn, NY · 2022

  This grant will help develop our oyster farm in Maine by funding the prototype for an innovative piece of gear. We hope our innovation will benefit oyster farms throughout the state. The gear prototype is a three-dimens… read allThis grant will help develop our oyster farm in Maine by funding the prototype for an innovative piece of gear. We hope our innovation will benefit oyster farms throughout the state. The gear prototype is a three-dimensional oyster-growing raft that incorporates automated, solar-powered, cleaning and tumbling of the oysters. We believe these rafts will allow us, and other farms who choose to use them, to lower production costs, produce more oysters with less space, and scale operations over a shorter period of time. All of these factors would create jobs by lowering the barrier of entry to new farmers, and allowing smaller farms to grow to profitability more quickly and efficiently. less
• $25,000

  Intelli-Tex Llc · Readfield, ME · 2022

  INTELLI-TEX LLC manufactures color-changing textile yarns and photovoltaic power-producing textile yarns that can be woven into consumer-grade products. Access to MTI funding will enable INTELLI-TEX to increase the comm… read allINTELLI-TEX LLC manufactures color-changing textile yarns and photovoltaic power-producing textile yarns that can be woven into consumer-grade products. Access to MTI funding will enable INTELLI-TEX to increase the commercial value of their smart materials technologies by improving prototype functionality. In addition, access to MTI funding will allow INTELLI-TEX to pursue further customer discovery and to develop strong business partnerships. less
• $25,000

  Ethiopaycenter Llc · S Portland, ME · 2022

  EthioPay allows people to execute instant P2P fund transfers while also including the option to invest in the U.S. capital markets directly in the application. Our current and future suite of products address the financ… read allEthioPay allows people to execute instant P2P fund transfers while also including the option to invest in the U.S. capital markets directly in the application. Our current and future suite of products address the financial services gap in this country, affecting new immigrants. With the assistance of MTI, we are able to fund the development of this platform and bring a solution to the market that addresses the pain points of millions of immigrants. less
• $19,600

  Casco Marine Llc · Brunswick, ME · 2022

  With increased labor and fuel cost we want try to utilize new technologies to increase our efficiencies and be more competitive in the sector. We would like to add an ROV to our operational services as this will allow u… read allWith increased labor and fuel cost we want try to utilize new technologies to increase our efficiencies and be more competitive in the sector. We would like to add an ROV to our operational services as this will allow us to greatly increase our site survey operations, and gear and hardware recovery. With increased efficiency over the course of a workday or project we will see savings in operational expenses. less
• $15,750

  Flip the Switch Education Llc · South Berwick, ME · 2022

  Virtual Reality School Field Trips will bring immersive VR field trip modules to K-12 schools that align with curriculum standards and allow students to be immersed in and interact with environments that they could neve… read allVirtual Reality School Field Trips will bring immersive VR field trip modules to K-12 schools that align with curriculum standards and allow students to be immersed in and interact with environments that they could never do in real life. Each VR module along with all equipment will be brought to the classroom and delivered by an educator. The experiences can range from historical settings, future settings, current places and fictional locations. We require funding to purchase the equipment, finish software development and delivery of the modules to schools. less
• $14,000

  Pair Technologies Llc · Waterville, ME · 2022

  We at Pair Technologies have designed a new type of tablet mount that enables users to get more productivity and comfort out of their tablet usage experience, at an affordable price. Our innovative form factor is revolu… read allWe at Pair Technologies have designed a new type of tablet mount that enables users to get more productivity and comfort out of their tablet usage experience, at an affordable price. Our innovative form factor is revolutionary offering great highest screen height and most viewing angles, as well as a detachable keyboard that allows for a less cramped typing experience. less
• $10,500

  Joind Health Llc · Falmouth, ME · 2022

  Joind Health is developing a digital health application that will innovate the chronic disease management of osteoarthritis by integrating technology into the care pathway. This approach will provide patients the "daily… read allJoind Health is developing a digital health application that will innovate the chronic disease management of osteoarthritis by integrating technology into the care pathway. This approach will provide patients the "daily" care that they need to improve pain and functional outcomes, reduce costs associated with episodic care and premature/unnecessary surgery, maintain consistent evidence-based treatment and provide a clinical decision support system for physicians. The Joind Health application will support this through a wearable technology interface for monitoring activity and function, an AI Chatbox to support individualized patient engagement with Education and Coaching through the digital platform, and a physician reporting tool that allow for meaningful, real-time clinical decision-making based on evidence-based guidelines and specific patient data. less
• $50,000

  Ropeless Systems · Biddeford, ME · 2021

  Patent pending technology allows virtual buoys to be seen on a chart plotter without special ship maneuvers.

• $25,000

  Theory and Principle Llc · Portland, ME · 2021

  Product allows law firms and corporate legal departments to easily generate maps that track multi-jurisdictional data.

• $8,000

  Sledtrx Llc · Waterville, ME · 2021

  Allow riders to have more ability to view the trail while riding, along with the benefiting the community with the landowner and local clubs relationships.

Top recipients

Repeat recipients are the strongest signal of whether a funder has an open door or quietly re-funds the same organizations.

• Somerset Economic Development Corporation1 grant · $3.0M
• Roux Institute4 grants · $1.6M
• Rockstep Solutions2 grants · $1.3M
• Kinotek Llc2 grants · $1.2M
• Go Lab3 grants · $1.2M
• Maine Plywood USA4 grants · $1.1M
• Tanbark Molded Fiber Products2 grants · $1.1M
• University of Maine3 grants · $1.1M
• Robbins Lumber East Baldwin Llc2 grants · $990,000
• Stratton Lumber1 grant · $990,000

Giving over time

Grant history

The 100 largest of 816 grants.

• $3.0M

  Somerset Economic Development Corporation · Skowhegan, ME · 2024

  Somerset Forest Recovery Program.

• $1.0M

  Kinotek Llc · Portland, ME · 2023

  Kinotek is a B2B SaaS platform that uses AI-driven technology deliver fast, objective human movement metrics. It is a disruptor in the $420 billion musculoskeletal health market where clinicians currently rely on a plas… read allKinotek is a B2B SaaS platform that uses AI-driven technology deliver fast, objective human movement metrics. It is a disruptor in the $420 billion musculoskeletal health market where clinicians currently rely on a plastic ruler to measure range-of-motion and mobility. Since FDA registration and market launch in August 2022, sales have reached $245k ARR across 31 states. Kinotek is seeking funding $2M in funding to accelerate sales to $1M ARR and Series A. MVF has already committed to matching up to $1M, so our actual raise is $1M via Convertible Note at a 20% discount, $18M cap, and 8% interest. less
• $1.0M

  Rockstep Solutions · Portland, ME · 2023

  RockStep develops and delivers SaaS solutions for managing data and operations for drug discovery and life sciences research. The company seeks $1M in equity investment from MTI to accelerate sales revenue growth throug… read allRockStep develops and delivers SaaS solutions for managing data and operations for drug discovery and life sciences research. The company seeks $1M in equity investment from MTI to accelerate sales revenue growth through. less
• $990,000

  Hancock Lumber Company · Casco, ME · 2024

  Bethel Value Added.

• $990,000

  Stratton Lumber · Stratton, ME · 2024

  Hurst Boiler, Grinder and Auto-wrapper.

• $990,000

  Go Lab · Belfast, ME · 2023

  Capital Support for First U.S. Wood Fiber Insulation Plant, GO Lab, Inc. Madison, Maine.

• $984,215

  Tanbark Molded Fiber Products · Saco, ME · 2023

  Hybrid Molded Fiber clamshell pilot project, Tanbark Medical Materials Market, Debt Financing to purchase equipment to increase capacity by 200%

• $934,300

  Standard Biocarbon Corporation · Portland, ME · 2022

  Fund Request for Labor costs Associated with Narrow Project Start-Up Window Caused in Part by COVID related delays

• $725,000

  Whole Trees Llc · Madison, WI · 2023

  Partnering to Repurpose and Reopen: Bringing innovative inventory systems, sales strategy and production processes to existing Maine facility to meet proven East Coast demand for the Original Mass Timber.

• $560,000

  Roux Institute · Portland, ME · 2024

  BioIN Incubator and BioPILOT Lab, a collaboration between the Northeastern/Roux Institute and the University of Southern Maine.; Future of Healthcare Founder Residency; Life Science Impact Forum; Startup Solutions: Immi… read allBioIN Incubator and BioPILOT Lab, a collaboration between the Northeastern/Roux Institute and the University of Southern Maine.; Future of Healthcare Founder Residency; Life Science Impact Forum; Startup Solutions: Immigrant Welcome Center; The Maine Summer Accelerator at the Roux Institute. less
• $559,215

  Maine Plywood USA · Bingham, ME · 2023

  Maine Plywood is building the only plywood mill in North America to manufacture Plywood underlayment. It will also be the ONLY plywood mill in New England. This plant is being built to replace the Multiply plywood plant… read allMaine Plywood is building the only plywood mill in North America to manufacture Plywood underlayment. It will also be the ONLY plywood mill in New England. This plant is being built to replace the Multiply plywood plant that burnt down. less
• $550,000

  Roux Institute · Boston, MA · 2023

  The goal of the proposed BioIN Incubator and BioPILOT Lab initiatives is to create a pilot incubator and prototyping space for life science companies. Our hypothesis is that leases for turnkey wet lab space and access t… read allThe goal of the proposed BioIN Incubator and BioPILOT Lab initiatives is to create a pilot incubator and prototyping space for life science companies. Our hypothesis is that leases for turnkey wet lab space and access to capital equipment and scientific experts will facilitate success and growth of startup companies, leading to job and revenue growth in Maine's burgeoning bioeconomy. less
• $530,000

  Defendify · Portland, ME · 2022

  Defendify, Inc. Response Plan due to Negative Economic Impacts of the Covid-19 Pandemic

• $530,000

  Springworks Farm Maine · Lisbon, ME · 2022

  At Springworks Farm, we believe Maine has the potential to become a leader in leafy greens production. To make this a reality, we are adding an additional 500,000 square feet of additional grow space over the next five … read allAt Springworks Farm, we believe Maine has the potential to become a leader in leafy greens production. To make this a reality, we are adding an additional 500,000 square feet of additional grow space over the next five years. The first phase of this expansion is Greenhouse #4, which will help us meet retail demand, create quality jobs, and increase access to organic local lettuce. less
• $500,000

  Eme Biofuels Llc · Woodstock, VT · 2024

  EME Biofuels.

• $500,000

  Compotech · Brewer, ME · 2023

  Compotech has developed the next generation of expeditionary and modular military shelters. MINATORS can be assembled by a small group of soldiers, providing the comforts of a permanent shelter with the mobility and mod… read allCompotech has developed the next generation of expeditionary and modular military shelters. MINATORS can be assembled by a small group of soldiers, providing the comforts of a permanent shelter with the mobility and modularity of a temporary shelter. Compotech is seeking funding for MINATORS manufacturing equipment. less
• $500,000

  Fork Food Lab · South Portland, ME · 2023

  Fork Food Lab 2.0

• $500,000

  Good Shepherd Food Bank · Auburn, ME · 2023

  Investing in Maine's first at scale green vegetable processing supply chain.

• $500,000

  Jl Rich Timber Harvesting Llc · Hodgdon, ME · 2023

  New Cut to Length Operation

• $500,000

  North Spore Llc · Portland, ME · 2023

  We are seeking funding to further expand our digital marketing and sales team, as well as create a human resources department. We are in a rapid growth and hiring phase as we begin to take advantage of our new manufactu… read allWe are seeking funding to further expand our digital marketing and sales team, as well as create a human resources department. We are in a rapid growth and hiring phase as we begin to take advantage of our new manufacturing facility and scale up our successful, innovative products. These investments will ensure more continued growth, create a number of well-paid and specialized jobs, and contribute to the personnel infrastructure we need to stay on our trajectory and fully support our growing revenues, brand and team. less
• $500,000

  Global Secure Shipping · Orono, ME · 2021

  Establishing a Secure Composite Shipping Container Manufacturing Facility in Maine

• $499,317

  Tanbark Molded Fiber Products · Portland, ME · 2024

  Electricity Upgrade to expand Production Capacity Video Production for Marketing Assets.

• $495,000

  Robbins Lumber East Baldwin Llc · Searsmont, ME · 2024

  Better Utilization of the Eastern White Pine Resource through Implementation of Value-based Scanning.

• $495,000

  Sappi North America · Westbrook, ME · 2024

  Improvement of pulp and paper mill productivity when softwood chip ratio increases beyond 15% during the Copulp process at Somerset mill.

• $495,000

  Nd Evergreen Llc · Old Town, ME · 2023

  ND Paper Rumford Division PM15 Rebuild

• $495,000

  Robbins Lumber East Baldwin Llc · Searsmont, ME · 2023

  Better Utilization of the Eastern White Pine Resource through Implementation of Value-based Scanning

• $490,268

  University of Maine · Orono, ME · 2021

  Forestry Recovery Initiative

• $490,000

  Godfrey Forest Arizona Llc · Marblehead, MA · 2024

  Godfrey Forest Maine OSB Mill.

• $450,000

  T&D Wood Energy Llc · Sanford, ME · 2024

  Acquiring two shuttered facilities and expanding existing facility to meet rapidly increasing demand.

• $449,167

  Nyle Systems Llc · Brewer, ME · 2022

  Pandemic Recovery Plan

• $440,000

  Coursestorm · Orono, ME · 2022

  Investment made to accelerate growth and attract, upskill and retain staff.

• $437,467

  Reconnect · Cumberland, ME · 2022

  Scaling and build foundation for our largest customer (the 3rd largest county in the U.S.)

• $426,413

  Maine Space Corporation · Augusta, ME · 2024

  Building Maines Space Knowledge Cluster in Space Applications.

• $400,000

  Shucks Maine Lobster Llc · West Gardiner, ME · 2023

  Shucks Maine Lobster has become an internationally award winning Maine Lobster processor of innovative value-added products utilizing state of the art HPP technology. We currently have 60 employees in a 26,000 SF facili… read allShucks Maine Lobster has become an internationally award winning Maine Lobster processor of innovative value-added products utilizing state of the art HPP technology. We currently have 60 employees in a 26,000 SF facility. Shucks is on the verge of significant growth with immediate plans to expand into a new state of the art Gorham facility; dramatically increase its product line; add 20 new jobs; and sign new agreements with two major players in the Maine Lobster industry. This growth is based on the purchase of a new state of the art HPP machine that will increase production by 50%. less
• $400,000

  Highbyte · Portland, ME · 2022

  Retention and Recruitment Funding

• $396,667

  The Montalvo Corporation · Gorham, ME · 2022

  COVID 19 Pandemic Recovery Funding

• $373,333

  Caron Engineering · Wells, ME · 2022

  We plan to use these funds for four core initiatives at our company.

• $373,333

  David Saunders · S Portland, ME · 2022

  Automation for process efficiencies and job creation/retention.

• $373,333

  North Spore Llc · Portland, ME · 2022

  Infrastructure and supply chain improvements for post-pandemic resiliency

• $366,667

  Deep Water Buoyancy · Biddeford, ME · 2022

  high volume automated mixer purchase

• $360,000

  Auburn Manufacturing · Mechanic Falls, ME · 2022

  Upgrade of AMI facilities and add/improve its skilled workforce to meet Defense Industrial Base demand

• $360,000

  Origin Bjj Llc · Farmington, ME · 2022

  Additional Hires: 2022 Year-End Headcount vs 2021 Year End Headcount: 30 x $50,000 Average Loaded Cost = $1,500,000Investments in New Processing Equipment: New looms to supplement/replace decades old machinery (quote pr… read allAdditional Hires: 2022 Year-End Headcount vs 2021 Year End Headcount: 30 x $50,000 Average Loaded Cost = $1,500,000Investments in New Processing Equipment: New looms to supplement/replace decades old machinery (quote provided) $159,825Automated fabric spreader (quote provided) $65,590Expansion of medical insurance program (to include dental and vision coverage) $24,390 less
• $346,667

  Arkatechture · Portland, ME · 2022

  Expand Hiring & Develop a New Training Program to Grow & Sustain Go-to-Market, Product Development & Delivery Capacity

• $346,667

  Grover Gundilling Llc · Oxford, ME · 2022

  COVID Pandemic Response Funding

• $346,667

  Yale Cordage · Saco, ME · 2022

  Process improvements

• $339,617

  Opal Build Llc (Dba Notchsb) · Belfast, ME · 2024

  Creating Resiliency in Residential Housing Construction; OPAL Build - Unlocking Affordable Housing through Sustainability.

• $339,148

  Biofine Developments Northeast · Portland, ME · 2023

  Biofine Developments Northeast (BDNE) owns a proprietary technology that enables the economic conversion of waste ligno/cellulosic feedstocks into third-party verified co2 negative bioproducts. Currently, BDNE is workin… read allBiofine Developments Northeast (BDNE) owns a proprietary technology that enables the economic conversion of waste ligno/cellulosic feedstocks into third-party verified co2 negative bioproducts. Currently, BDNE is working to finance an industrial biorefinery in Lincoln, ME (BMP-1) and requests MTI's assistance, via a $400k loan, to finalize required pre-development work stream. Each pre-development work stream culminates in a deliverable required by BMP-1's prospective investors. The $400k MTI loan is the final remaining capital required of the $1.66 million dollar budget to finalize the deliverables required to close on financing for BMP-1. less
• $333,333

  Polymer Laboratories & Solutions Llc · Portland, ME · 2022

  Next Generation Polyurethane Molded Parts Production Equipment to Support US Army Warfighters

• $328,605

  University of Maine · Orono, ME · 2022

  Vision & Roadmap for Maine's Forest Sector

• $322,867

  Bookclubz · Camden, ME · 2022

  We plan to utilize this $200,000 grant to increase our ad sales revenue to 20% in the next 12 months and build the foundation for a 100% jump in ad sales revenue in 2023. Well use the funding as following:$150,000 (sala… read allWe plan to utilize this $200,000 grant to increase our ad sales revenue to 20% in the next 12 months and build the foundation for a 100% jump in ad sales revenue in 2023. Well use the funding as following:$150,000 (salary and benefits) to hire a full-time ad-sales director $25,000 (salary) to hire a part-time ad-ops manager $23,000 to give a 12% raise to our current sales manager and chief revenue officer $2,000 to establish a 401k program for all Bookclubz employees less
• $320,000

  Brooklin Boat Yard · Brooklin, ME · 2022

  Brooklin Boat Yard Innovation Upgrade

• $317,250

  Competitive Energy Services Llc · Portland, ME · 2022

  Energy & Sustainability Data Services

• $316,973

  Bourgeois Guitars Llc · Lewiston, ME · 2022

  The PLEK is a specialized CNC machine designed to optimize every element that contributes to a guitars playability. Its functions include milling highly complex geometric fretboard surfaces, leveling and shaping frets, … read allThe PLEK is a specialized CNC machine designed to optimize every element that contributes to a guitars playability. Its functions include milling highly complex geometric fretboard surfaces, leveling and shaping frets, and calibrating the height of nut slots and saddle heights. Efficiencies gained by incorporating PLEK technology and other automations into our manufacturing system are critical to our growth plan of tripling revenue in the next 3 years and doubling our workforce to 60 full time, benefitted jobs by 2029. We are seeking MTI matching core grant funding to help us bring this technology to Maine. less
• $310,000

  Alakazam · Portland, ME · 2022

  Applicant has yet to launch their 3d web metaverse platform but has revenue through their consulting/professional services in the same field and provided two LOIs from potential customers for when their product launches.

• $306,667

  Casco Bay Molding Ltd · Sanford, ME · 2022

  Casco Bay Molding (Casco), started in Sanford in 2000, has grown into an FDA Registered, ISO 13485 Certified product development and manufacturing company specializing in silicone rubber and thermoplastic medical device… read allCasco Bay Molding (Casco), started in Sanford in 2000, has grown into an FDA Registered, ISO 13485 Certified product development and manufacturing company specializing in silicone rubber and thermoplastic medical devices as well as consumer & industrial component parts and products. In 2015 we invested in a joint venture tool and mold shop and in 2021 reinvested in a mold only Casco owned mold shop enhancing our product development capabilities.In the 4th quarter of 2021, as the effects of the pandemic waned, its after effects of raw material (silicone) shortages, labor availability/rates and spike in raw material costs hit our profitability quite hard. less
• $306,667

  North End Composites Llc · Rockland, ME · 2022

  Pandemic Recovery Funding for Hiring and Retention and Manufacturing Efficiencies

• $306,667

  Steel-Pro · Rockland, ME · 2022

  Production Optimization Purchase Heavy Duty Internal Seam Grinding System aka Polisher to increase output capacity of a specific product for the biopharmaceutical market sector. This equipment will allow us to dedicate … read allProduction Optimization Purchase Heavy Duty Internal Seam Grinding System aka Polisher to increase output capacity of a specific product for the biopharmaceutical market sector. This equipment will allow us to dedicate a space to automate a task that is typically manual and requires a fair amount of skill and turn it into a task that requires less space and hands on involvement from our employees. less
• $306,667

  The Baker Company · Sanford, ME · 2022

  COVID 19 Pandemic Recovery Funding

• $300,000

  Our People · Portland, ME · 2023

  OurPeople.com provides employee communications and operations software to the hourly workforce in businesses of all sizes across the US and the UK.

• $299,000

  Hyperlite Mountain Gear · Biddeford, ME · 2022

  Marketing and R&D Enhancement

• $293,333

  Farming Fungi Llc · Sanford, ME · 2022

  For COVID Pandemic Response Plan

• $290,000

  Dream Local Digital Ltd · Thomaston, ME · 2022

  SkillsBuilder Marketing Coach program launch & New Market Development

• $283,749

  Maine Space Grant Consortium · Augusta, ME · 2022

  In the current MTI Investment, we complete the strategic plan for the Maine Space Complex (see Attachment A). As the result of the planning effort, we identified additional work that would lead to a stronger foundation … read allIn the current MTI Investment, we complete the strategic plan for the Maine Space Complex (see Attachment A). As the result of the planning effort, we identified additional work that would lead to a stronger foundation for the Complex, lead to more significant benefits to the state than what would not have been possible under the current strategic plan. This additional work would facilitate more opportunities and economic growth for the Complex and the state of Maine. The first need is to secure new business opportunities for industries in the new Space Economy and the Maine Space Complex. The second need is to continue engagement with communities and stakeholders in conversation regarding the Maine Space Complex to ensure that the value proposition is clear and moving toward adoption. less
• $280,000

  Biddeford Internet Corp · Biddeford, ME · 2022

  Metaswitch Project - Virtualize Entire Phone Switch Infrastructure

• $280,000

  Lifethereal Llc · Gorham, ME · 2022

  COVID Pandemic Response Funding

• $280,000

  Mount Desert Island Biological Laboratory · Salisbury Cove, ME · 2022

  Advancing Drug Discovery in Maine

• $280,000

  Ocean Renewable Power Company · Portland, ME · 2022

  order the manufacturing and delivery of a generator and driveline to expedite the assembly/lead time in anticipation of upcoming closing agreements with a next-in-the-pipeline customer, a municipality in Patagonia, Chil… read allorder the manufacturing and delivery of a generator and driveline to expedite the assembly/lead time in anticipation of upcoming closing agreements with a next-in-the-pipeline customer, a municipality in Patagonia, Chile. less
• $280,000

  Rockstep Solutions · Portland, ME · 2022

  STEM job opportunities for Maine

• $273,285

  Maine Plywood USA · Bingham, ME · 2024

  LEGAL COUNCIL: To determine whether or not to continue as an LLC or become a C-corp. In addition with the oncoming USDA loan and advising on raising money from Equity partners; Maine Plywood; Powering the next generatio… read allLEGAL COUNCIL: To determine whether or not to continue as an LLC or become a C-corp. In addition with the oncoming USDA loan and advising on raising money from Equity partners; Maine Plywood; Powering the next generation of sustainable plywood for Maine. less
• $266,667

  Nbt Solutions Llcvetro · Portland, ME · 2022

  Additional Hires and Enhanced compensation, benefits or training for existing employees

• $266,667

  Sea Bags · Portland, ME · 2022

  invest in additional equipment and staff to double our output in the next three years. Covid Pandemic Recovery

• $260,000

  Constant Energy Capital Management · Falmouth, ME · 2022

  Fintech platform feature delivery and customer onboarding

• $260,000

  Myhealthmath Llc · Portland, ME · 2022

  Pandemic Recovery Funding

• $260,000

  Pk Floats · Lincoln, ME · 2022

  Natural Resources Protection Aircraft Development

• $260,000

  Tis Brewer Llc · Troy, NY · 2022

  High Definition Five Axis CNC Plasma Table

• $255,000

  Nautical Farms Llc · Machias, ME · 2024

  Digital Marketing & E-Commerce; Nautical Farms LLC Expansion.

• $253,333

  Maine Wood Turning · New Vineyard, ME · 2022

  We plan to upgrade our bolter saw operation in our sawmill from 1970s technology to current. Included will be a Custom Resaw and Return system, gang saws, and conveyor systems in and out of the saw area.

• $253,000

  Blushift Aerospace · Brunswick, ME · 2023

  bluShift seeks funding of its Seed round to realize FAA licensing of its launch vehicle, future Maine launch site, construction of its suborbital rocket Starless Rogue and achieving a successful launch with paying custo… read allbluShift seeks funding of its Seed round to realize FAA licensing of its launch vehicle, future Maine launch site, construction of its suborbital rocket Starless Rogue and achieving a successful launch with paying customer experiments, from students from schools within Maine and across the United States. less
• $253,000

  Pumpspotting · Eliot, ME · 2023

  Pumpspotting is making the world more inclusive for feeding families. Our tech-enabled solution helps companies provide baby-feeding support to their employees, customers, patients, and guests. We are raising our Series… read allPumpspotting is making the world more inclusive for feeding families. Our tech-enabled solution helps companies provide baby-feeding support to their employees, customers, patients, and guests. We are raising our Series Seed2 Round to support our growing enterprise customers and build out technology to expand into the healthcare market. less
• $250,000

  Eagle Point Energy Center Llc · Orrington, ME · 2024

  Eagle Point Phase II Process Upgrade.

• $250,000

  Grandy Organics Llc · Hiram, ME · 2024

  Build out management team and automate production to make Grandy Organics a more resilient business.

• $250,000

  Great Northern Salmon · Millinocket, ME · 2024

  Implementation of critical path initiatives to ensure construction start on schedule.

• $250,000

  Looma Llc · South Portland, ME · 2024

  Addition of Volume Manufacturing to Looma's Services.

• $250,000

  Maine Canned Fish · Topsham, ME · 2024

  Maine Canned Fish Startup.

• $250,000

  Maine Electric Boat Company Llc · Biddeford, ME · 2024

  Electric Propulsion Workforce Training.

• $250,000

  Maine Grains · Skowhegan, ME · 2024

  Building capacity to manufacture upcycled nutritious grain cereals and snacks at Maine Grains.

• $250,000

  The Good Crust Llc · Canaan, ME · 2024

  Good Crust Builds Resilience with Infrastructure Expansion to Serve Schools.

• $250,000

  Washburn & Doughty Associates · Boothbay, ME · 2024

  Hiring Initiatives: Human Resources Director, Project Manager and Hybrid Support Engineers; Purchase and Implementation of ERP System.

• $250,000

  Northeastern University · Boston, MA · 2023

  Roux Institute Venture Creation & Acceleration Platform is a set of robust, venture creation and acceleration programs designed to position Maine as the most exciting place to start a high-growth venture focused on Adva… read allRoux Institute Venture Creation & Acceleration Platform is a set of robust, venture creation and acceleration programs designed to position Maine as the most exciting place to start a high-growth venture focused on Advanced Life Sciences, Artificial Intelligence, Data and Computer Science, Sustainability, and The Modernization of Natural Resources. Two key components of this program are our 13 week accelerator program and our year long startup residency. less
• $250,000

  Prosperityme · Portland, ME · 2023

  Individual Development Account Program

• $250,000

  Kennebec Technologies · Augusta, ME · 2022

  COVID Pandemic Response Funding

• $250,000

  Maine Plywood USA · Bingham, ME · 2022

  help put all this machinery back together and accelerate the start of the plywood plant.

• $250,000

  Roux Institute · Boston, MA · 2022

  Future of Healthcare Founder Residency

• $250,000

  Farmhand Automation · Biddeford, ME · 2021

  Autonomous Electric Rover for Automated Carbon Free Farming

• $250,000

  Peregrine Turbine Technologies Llc · Wiscasset, ME · 2021

  A new technology for storing renewable, non-dispatchable power using Thermal Energy Storage technology coupled with Peregrine's breakthrough turbine engine technology which employs super-critical Carbon Dioxide and achi… read allA new technology for storing renewable, non-dispatchable power using Thermal Energy Storage technology coupled with Peregrine's breakthrough turbine engine technology which employs super-critical Carbon Dioxide and achieves world-record level efficiency. less
• $250,000

  Roux Institute · Portland, ME · 2021

  Roux Institute Venture Creation & Acceleration Platform is a set of robust, venture creation and acceleration programs designed to position Maine as the most exciting place to start a high-growth venture focused on Adva… read allRoux Institute Venture Creation & Acceleration Platform is a set of robust, venture creation and acceleration programs designed to position Maine as the most exciting place to start a high-growth venture focused on Advanced Life Sciences, Artificial Intel less
• $250,000

  Treeline · Lincoln, ME · 2021

  Forestry Recovery Initiative

• $240,000

  Kinotek Llc · Portland, ME · 2022

  COVID Pandemic Response Funding

• $240,000

  Ready Seafood Co · Saco, ME · 2022

  Power Delivery to a Rural Maine Lobster Business

• $239,128

  University of Maine · Orono, ME · 2023

  The university of Maine has a variety of activities that are funded by MTI

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