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.

6 grants matching “reli” · $1.1M

• $25,000

  Rely Intelligence · Kennebunk, ME · 2024

  General Support

• $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
• $30,000

  Radiolife Co · Wilmington, DE · 2023

  Radiolife is developing its flagship medical device, Cube Scan, to sell to healthcare providers and diagnostic laboratories. The problem with current diagnostic technology and systems is that they are expensive and slow… read allRadiolife is developing its flagship medical device, Cube Scan, to sell to healthcare providers and diagnostic laboratories. The problem with current diagnostic technology and systems is that they are expensive and slow they rely on reagents, which are expensive and require a biochemical reaction to occur to analyze each sample such as in an RT-PCR diagnostic test. Radiolife seeks funding to continue developing Cube Scan to address this problem by using radiofrequency signatures identified in patient samples combined with AI modeling and deliver accurate and cost-effective diagnostic test results in under 20 seconds without reagents. Our solution is different from current alternatives because it's smaller, cheaper, faster, and has the potential to be non-invasive. Additionally, Radiolife's innovation can be deployed in a variety of settings, including point-of-care and low-resource environments, making it versatile and adaptive to different customer and community needs. less
• $12,150

  Northern Spent Grains Llc Diggables · Yarmouth, ME · 2023

  Diggables has made strong progress in getting interest from out-of-state retailers and distributors throughout the Northeast for our buckwheat snacks. After the products get on store shelves, it will be important to inc… read allDiggables has made strong progress in getting interest from out-of-state retailers and distributors throughout the Northeast for our buckwheat snacks. After the products get on store shelves, it will be important to incentivize shoppers in these new markets to try these new snacks. Since these new retailers will be farther from home, I am hoping that an experienced consultant can help identify and implement a strategy that can't rely on local relationships. Couponing, manufacturer's cash back incentives, and other monetary incentives may be more effective. less
• $10,000

  Unar Labs Llc · Portland, ME · 2023

  Gaining access to digital graphical information such as graphs, charts, and maps, is one of the biggest challenges to success for people who are blind or visually-impaired (BVI). The visually rendered nature of graphic … read allGaining access to digital graphical information such as graphs, charts, and maps, is one of the biggest challenges to success for people who are blind or visually-impaired (BVI). The visually rendered nature of graphic content means that BVI people are unable to perceive this critical information, resulting in negative impacts on their educational progress, employment opportunities, navigational efficiency, and myriad other activities of daily living (ADLs). Consider for instance a blind student who needs to work on class assignments or take a standard aptitude test (SAT) in STEM curriculum. Accomplishing tasks such as answering a question based on a bar graph are often difficult (or impossible) without graphic access, forcing the student to rely on a sighted-individual for assistance. UNAR Labs will address this major unmet need by providing BVI people with real-time access to digital text and graphical materials via development of an novel information access solution. less
• $50,000

  The Renewable Snowmaking Company · Portland, ME · 2022

  Ski resorts are increasingly relying on snowmaking to combat the challenges of rising temperatures and less frequent snowfall. However, current snowmaking operations are costly, with upfront capital expenses for extensi… read allSki resorts are increasingly relying on snowmaking to combat the challenges of rising temperatures and less frequent snowfall. However, current snowmaking operations are costly, with upfront capital expenses for extensive piping and large water pumps, as well as high recurring operating costs, primarily due to labor and energy consumption. ReNewSnow offers a solution through our innovative SnowPod technology, which diverts water from man-made ditches and streams located throughout the mountain to nearby snow guns. The SnowPod system eliminates the need for costly high-pressure piping and large energy-intensive pumps. less

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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