MTI First Lightning Round Winners Announced (February 2018)

Tuesday, February 06, 2018 4:17 PM | Anonymous

The Maine Technology Institute (MTI) closed the Lightning Round of the Maine Technology Asset Fund 2.0 (MTAF 2.0) in December. MTI accepted applications in the form of a 10-slide pitch deck from October 2 through December 8, 2017. They received 183 proposals seeking a total of $381 million in funding. Maine voters approved $45 million in general fund bond dollars in June 2017 to fund the MTAF 2.0 program. 

Companies from all parts of Maine, out-of-state, and out-of-country applied to the MTAF 2.0 program seeking individual funding requests between $18,000 to $45 million. These funds are to support R&D infrastructure, equipment, and technology investments in one or more of Maine’s seven technology sectors. 

MTI awarded funding to Vets First Choice; C & L Aerospace Holdings, LLC; Good To-Go, LLC; Hyperlite Mountain Gear; and The Jackson Laboratory from the first Lightning Round application pool for a combined $24.4 million. A second Lightning Round will be announced by MTI to award the remaining $20.5 million. 

E2Tech: Environmental & Energy Technology Council of Maine

Find E2Tech:

ThinkTank Coworking, Pepperell Center
40 Main St, Biddeford ME 04005
07.423.8260   //

Mail E2Tech:

P.O. Box 8517  Portland, ME 04104

© E2Tech, Environmental & Energy Technology Council of Maine. All rights reserved. 

Powered by Wild Apricot Membership Software