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Maine Technology Institute
Maine Technology Institute is a nonprofit corporation founded in 1999 in Portland, Maine. It provides early-stage capital and commercialization assistance to...
Maine Technology Institute
Maine Technology Institute is a nonprofit corporation founded in 1999 in Portland, Maine. It provides early-stage capital and commercialization assistance to technology-intensive sectors in Maine through grants, loans, and equity investments. The institute has made 108 investments, including a Seed VC investment in bluShift Aerospace on June 04, 2024, and has facilitated 10 portfolio exits, with CLYNK exiting on September 22, 2025.
General information
Firm type
other
Year founded
1999
Location
Region
North America
Country
United States
City
Brunswick
Corporate office
Brunswick, ME, United States
Principals
Brian Whitney
President
Sector focus
Frequently asked questions
How does MTI source proprietary deal flow?
MTI sources deal flow through its statewide network of business incubators, university research partnerships (University of Maine System), and through its state-chartered role in administering Maine's Technology Asset Fund. Companies are also drawn by MTI's reputation as the primary seed-stage capital source in Maine, resulting in a steady flow of inbound applications.
Which sectors does MTI explicitly focus on?
MTI focuses on seven legislatively defined sectors: aquaculture and marine technology, biotechnology and digital health, composites and advanced materials, environmental technology, forestry and agriculture, information technology, and precision manufacturing. It explicitly avoids sectors not tied to Maine's technology infrastructure or natural resource base.
How is MTI related to the Maine Venture Fund?
MTI administers the Maine Venture Fund, which is a separate state-backed venture capital fund. The fund co-invests with private investors and makes direct equity investments in Maine companies. MTI's board also oversees the fund's advisory committee, but the fund has its own dedicated investment professionals.
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