We're here to help
Maine has a number of excellent funding sources for energy & environmental companies.
We list just the most general Maine-based opportunities below.
For more technology-specific and/or out-of-state opportunities, we're pleased to offer E2Tech affiliates access to the New England Clean Energy Council's Cleantech Navigate Northeast database, a premier connector for entrepreneurs, mentors, and investors.
Have fun exploring!
CEI Wicked Fast Microloans
Coastal Enterprises, Inc. (CEI) is offering expedited microloans designed for existing and start-up business owners. Eligible applicants can borrow up to $25,000 for working capital, equipment purchases, or to refinance existing higher cost debt. CEI makes the loan decision within three business days from a 2-page application.
Click here to access all CEI business financing options.
Solar for Breweries: a Video Chat with Throwback Brewery
Join Throwback Brewery's Nicole Carrier and Jeff Cantara of ReVision Energy for a live
webinar about solar, farming, and sustainable business on May 24, 2018 at 11:00AM EDT.
Throwback Brewery is the largest solar-powered brewery in New Hampshire and a farm-to-table restaurant. The clean energy produced on the roof of their converted New England barn cuts their electricity costs in half and powers their sustainable mission. Their solar array gives them a competitive edge by lowering their dependence on the grid as well as their environmental footprint, and it doesn't just generate power to brew excellent beer - Throwback's solar array brews up excitement and support from their happy customers.
Jeff Cantara came to ReVision Energy as an organic farmer from the Seacoast, so expect a conversation that talks plenty about solar, but also how solar is connected with a larger sustainable business portfolio. Likewise, Nicole will tie in solar to her business' larger sustainability journey. And of course, ask any questions you have during the webinar on ReVision's Twitter and Facebook accounts during the event.
Register for the May 24 webinar at https://enjoy.solar/2w7V9X1.
Dept. of Energy Announces $68 Million in New Funding for Advanced Vehicle Technologies Research
The Department of Energy is investing in early-stage research to enable future private-sector development and commercialization of affordable, energy-efficient transportation technologies. The FOA seeks research projects that will address priorities in the following areas: batteries & electrification; materials; technology integration & energy-efficient mobility systems; energy-efficient commercial off-road vehicle technologies; and co-optimized advanced engine and fuel technologies to improve fuel economy. Read the full FOA here.
Concept Paper Submission Deadline: May 29, 2018 5PM ET
Full Application Submission Deadline: July 13, 2018 5PM ET
Dept. of Energy Announces $23 Million in New Funding to Advance Marine Energy Technologies
U.S. Undersecretary of Energy Mark Menezes announced up to $23 million for innovative technologies to reduce capital costs and shorten deployment timelines of marine energy devices. The DOE's Office of Energy Efficiency and Renewable Energy (EERE) will fund research and evaluation of next-generation wave and tidal/current systems; support early-stage design of power take off (PTO) and controls integration; and allow for more efficient consideration of any potential environmental impacts from marine renewable energy development. Funding opportunities include early stage device design research, controls and PTO design integration and testing, and dissemination of environmental data and analyses to facilitate the marine energy regulatory process. Read the full FOA here.
Concept Paper Submission Deadline: May 31, 2018 5PM ET
Full Application Submission Deadline: July 17, 2018 5PM ET
Dept. of Energy Announces $105 Million in New Funding to Advance Solar Technologies
U.S. Secretary of Energy Rick Perry announced up to $105.5 million to support solar energy innovation. The DOE's Solar Energy Technologies Office (SETO) will fund around 70 projects to advance both solar photovoltaics (PV) and concentrating solar thermal power (CSP) technologies and efforts to integrate these technologies into the grid. Funding will also support solar industry workforce training and development efforts. Read the full announcement here.
Letter of Intent Deadline: May 4, 2018, 3PM ET
Gorham Savings Bank Launchpad Competition - Open Applications for 2018
Gorham Savings Bank is accepting applications for their Launchpad 2018 competition for a $50,000 grand prize. The award money may be used to purchase equipment, expand or acquire space, hire employees, fund project development, or meet other business needs. An additional prize of $10,000 and $10,000 of in-kind services will also be awarded to an applicant. For more information and to apply, visit the Launchpad website. Applications are due April 15, 2018 at 5:00pm.
Advanced Research Projects Agency-Energy (ARPA-E) - Open Applications for 2018
The Advanced Research Projects Agency-Energy (ARPA-E) at the U.S. Department of Energy funds high-potential, high-impact energy technologies that are too early for private-sector investment. ARPA-E awardees are unique because they are developing entirely new ways to generate, store, and use energy. ARPA-E projects have the potential to radically improve U.S. economic prosperity, national security, and environmental well-being. The focus is on transformational energy projects that can be meaningfully advanced with a small amount of funding over a defined period, usually two to four years. For more information and to apply visit the ARPA-E Website. Applications are due February 12, 2018.
MCED's Top Gun 2018 Applications are Open Statewide
MCED is pleased to announce with their partners that applications for the Top Gun 2018 class are open now! Many high potential Maine entrepreneurs have benefited from MCED's Top Gun program, which has evolved considerably since it was first offered in fall 2009. At its core, Top Gun is designed to accelerate entrepreneurial development using training, mentoring and the development of community connections. Top Gun 2018 will be held in Bangor, Lewiston/Auburn, Portland and new this year, a specialized Aquaculture cohort will be held in Brunswick. Applications are due by January 19, 2018. Visit the MCED Top Gun website for more information and application instructions.
Advanced Technology Education Proposals Now Accepted - National Science Foundation
With an emphasis on two-year colleges, the Advanced Technological Education (ATE) program focuses on the education of technicians for the high-technology fields that drive our nation's economy. The program involves partnerships between academic institutions and industry to promote improvement in the education of science and engineering technicians at the undergraduate and secondary school levels. The ATE program encourages proposals from Minority Serving Institutions and other institutions that support the recruitment, retention, and completion of students underrepresented in STEM in technician education programs that award associate degrees. For more information, CLICK HERE.
Maine Technology Asset Fund 2.0 Lightning Rounds Funding Opportunity - Maine Technology Institute
The Maine Technology Institute (MTI) is requesting project proposals from Maine organizations, or organizations looking to locate in Maine, who anticipate making investments in equipment, infrastructure and technology upgrades to drive innovation in Maine. Potential applicants should demonstrate how the bond funding will complement their own matching investments to the greatest possible extent and for the greatest possible economic impact, as well as why their company or project falls within the research, development and commercialization continuum. Applicants will participate in a competitive process and will need to show how the grant funding will help them gain and hold market share, increase revenues, and grow or preserve jobs for Maine people. MTI will award funding as challenge grants to leverage private investments on at least a 1-to-1 cost share basis. For a full set of program guidelines and requirements, please see the MTI website at http://www.mainetechnology.org/MTAF2.
TechStart and Seed Grant Workshops/ Webinar - Maine Technology Institute
Join MTI for a free workshop or webinar! MTI offers early-stage grants to entrepreneurs and companies who are developing innovative products, processes or services. TechStart Grants of up to $5,000 can be used to conduct market research, develop a business plan, and file for patent protections. Seed Grants of up to $25,000 can be used to develop a prototype, demonstrate proof of concept, and conduct field trials. Join MTI at one of their workshops or webinar to learn more about these funding opportunities! Lunch will be provided for workshops. These events are free, but pre-registration is required. For more information and to register please visit: www.mainetechnology.org/workshops.
Portland: Wednesday, October 4th
Bangor: Thursday, October 5th
Webinar: Wednesday, October 11th
The Price of Everything and the Value of Nothing Webinar Series - rbouvier Consulting
Join economist Rachel Bouvier for a four-part webinar series entitled, "The Price of Everything and the Value of Nothing: What Environmental Professionals Should Know About Economics." A firm grasp of economic principles is necessary to be able to articulate the full social value of environmental preservation and conservation. Using economic language helps ensure that environmental protection is on equal footing with other, more marketable services. Live webinars will be broadcast every third Thursday of the month (with the exception of December), starting September 21 and ending December 14, from 12:00 pm to 1:30 pm. Presentations will be one hour, with a half hour for an interactive question and answer period. Archived presentations will be available for registrants to access at any time. $25 each session, or $80 for all four. CLICK HERE for more information and to register.
September 21: Introduction to Economics for Environmental Professionals
October 19: Tools That Economists Use to "Value" the Environment
November 16: Cost-Benefit Analysis and Discounting
December 14: Using Economics in Advocacy and Communication
Rapid Innovation Fund- ASD R&E and OSBP
The Rapid Innovation Fund (RIF) provides a collaborative vehicle for small businesses to provide the Department of Defense (DOD) with innovative technologies that can be rapidly inserted into acquisition programs that meet specific defense needs. The RIF is administered by the Office of the Secretary of Defense for Research and Engineering (ASD R&E) and Office of Small Business Programs (OSBP). Click here to learn more.
Workforce Development- Maine Community College System
Maine's community college system offers affordable customized training and continuing education that gives businesses and employees the skills they need to compete. Throughout Maine, the community colleges are available to help you with your workforce needs and there is funding available for qualified projects. For more information, check out the Maine Community College System newsletter on workforce development projects.
BCC Research is a leading market research company covering changes driven by science and technology. For more than 40 years, their in-depth market analysis has provided businesses with the insight needed to make intelligent and strategic business decisions. Thanks to our partnership with the Association of Cleantech Incubators of New England (ACTION), eligible E2Tech members can access this database for just $500 per year! Typically, the individual reports sell for around $4,000- $6,000 each. In order to be eligible for this exceptional opportunity, companies must not have revenues exceeding $500,000, nor be residents in an academic-affiliated incubator. For more information, and purchasing details, contact Jeff Marks at firstname.lastname@example.org.
Grant Application Preparation Support for Maine Entrepreneurs
E2Tech is pleased to offer grant application preparation support to Maine entrepreneurs seeking start-up and R&D funding. Eligible companies will be part of Maine's cleantech sector. Funding is available to help support grant writing, editing, budget preparation, and project scheduling for applications to the Maine Technology Institute and for Federal SBIR/STTR applications. Other similar applications may also be eligible for assistance. Companies will be required to provide a 1:1 match and grant amounts are dependent upon the type of application being prepared. Contact us at email@example.com for more information!
Free Trade & Export Expertise
The Maine International Trade Center is ready to help with your long-term market development projects, and to answer import/export regulatory, logistics, or international finance questions. Contact Hannah Webb to tap their amazing resources.
Maine Angels was founded in 2003 to enhance regional economic development by providing a cooperative mechanism for qualified investors to collaboratively locate, investigate and make investments in promising early-stage companies. Maine Angels collective investments in companies typically range from $50,000 to $250,000 in most deals. In addition to providing financial capital, where appropriate Maine Angels members also provide intellectual capital to portfolio companies and the entrepreneurs who run them. Investments in companies based in Maine typically are eligible for Maine's Seed Capital Tax Credit Program administered by the Financial Authority of Maine (FAME).
CEI Ventures manages socially responsible venture capital funds. The company was founded in 1994 to mobilize private capital markets while advancing social goals. We accept investments from accredited individuals, foundations, banks and other organizations that are looking for socially responsible ways to invest their money in growing, entrepreneurial businesses and have thoroughly read the any offering document currently in effect.
MTI works with entrepreneurs, innovators, established businesses and institutions conducting research and development (R&D) to help them fund and grow their big ideas, connect to resources across the state and create results for Maine. Our programs help innovators accelerate progress to the market, leverage additional private and public investment, and ultimately, expand their economic impact in Maine.
The Finance Authority of Maine provides access to innovative financial solutions to help Maine citizens pursue business and higher education opportunities. More specifically, keep in mind its $4 million Seed Capital Tax Credit Program, encouraging equity and near-equity investments directly and through private venture-capital funds. Do your potential investors know about this?
The MVF is a professionally-managed venture capital fund that invests exclusively in Maine companies who demonstrate a potential for high growth and public benefit. The Fund has been actively investing in Maine companies since 1997, after its creation by an act of the Maine Legislature in 1995 to provide Maine companies and entrepreneurs access to patient sources of venture capital. The fund has received $13 million in capital contributions from the State of Maine and operates as a revolving, “evergreen” fund.