FUNDING

Innovative ideas cannot get to the marketplace without sufficient funding for research and development, market studies, manufacturing, professional support services, packaging, distribution, etc. In short, no business can run without adequate capital.

Public resources:

The State of Maine has committed funds and resources to support promising, start-up technology-based companies as part of the state's overall economic development initiative.

The Maine Technology Institute ("MTI") offers grants of various sizes to start-up and existing technology-based companies to assist with research and development leading to commercialization. See http://www.mainetechnology.org for more information.

The Small Enterprise Growth Fund of the Finance Authority of Maine ("FAME") is one financing resource for promising new technologies. See the FAME website at: http://www.famemaine.com

Private funding:

For a list of private venture capital firms and information about starting your business or moving it to Maine, visit the Maine & Company website at: http://www.maineco.org/