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!
Ocean Exchange Call for Solutions: Impact Through Sustainability
Ocean Exchange Call for Solutions is now open for entries to compete for two monetary awards, and their Solutions Inspiring Action (non-monetary) award for 2017. Registrations are welcome from innovators with solutions (working prototypes) in materials, devices, processes, and systems with the ability to have an impact through sustainability innovations that generate economic growth and increased productivity, while reducing the use of nature's resources and waste. The two awards (WWL Orcelle Award and The Neptune Award) are for $100,000 each and the deadline for applications is July 31, 2017! Click here to learn more, or contact Geoff Lambin of Left Field Solutions for more information at email@example.com.
Become an Innovate for Maine Company
If you are a business improving a process, developing a new product or service, or growing and scaling a start-up company, the Innovate for Maine Fellows program can help! The Innovate for Maine Fellows program connects the best and brightest Maine college students with Maine's most exciting, growing companies as a way to grow and create jobs across the state of Maine through innovation and entrepreneurship. The program is currently looking for a variety of high growth, for-profit companies with a focus on innovation. The deadline for applications is March 24, 2017! Click here to learn more and apply today.
State Trade and Export Promotion Grant- U.S. Small Business Administration
The U.S. Small Business Administration's State Trade and Export Promotion (STEP) grant initiative provides funding to states to increase the number of businesses that export. Administered by the Maine International Trade Center (MITC), the STEP Financial Assistance Award provides eligible Maine companies with reimbursements up to $8,500 per year toward specified costs associated with business matchmaking services, trade show participation, and export skills and compliance training. Learn more about the requirements of this grant initiative here, and apply online here.
Paid Interns through Make It In America Grant- Coastal Counties Workforce and Goodwill Workforce Solutions
The Make It In America program administered by Coastal Counties Workforce, Inc. and their service provider Goodwill Workforce Solutions is accepting applications for their paid internship program, and renewable energy is one of the sectors eligible for paid interns. The program, which is funded through the $1.3M Make It In America Grant awarded to Coastal Counties Workforce, Inc. by the US Department of Labor, is available in the following counties: Adroscoggin, Cumberland, Kennebec, Knox, Lincoln, Sagadahoc, Waldo, and York. For more information contact Ryan Anderson, Goodwill Workforce Solutions Supervisor, at Ryan.Anderson@goodwillnne.org.
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!
Incumbent Worker Training, funds available through the Make It in America Grant
Renewable Energy, Aerospace/Aviation, Advanced Materials/Composites, and Biotechnology
York, Cumberland, Androscoggin, Sagadahoc, Kennebec, Lincoln, Knox, and Waldo
**Companies in the supply chain for these sectors are also eligible.
Training must result in an industry-recognized credential within the industry sector for the employee.
For more information contact Mariah Cunningham, Incumbent Worker Training Coordinator, at firstname.lastname@example.org or 207-542-2081.
This project is funded through a $1,300,000 grant awarded to Coastal Counties Workforce, Inc. by the U.S. Department of Labor’s Employment and Training Administration under the H1-B Jobs Accelerator Grant program. Information available in PDF here.
SBA Maine publishes 2015 Resource Guide
Maine's chapter of the US Small Business Association has just published their 2015 Resource Guide for Small Business, packed with opportunities for entrepreneurs and executives of all kinds in Maine, from counseling to capital and contracting. Explore the Guide here.
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.