MTI wants to know: How would your company spend $1M to create jobs?
Maine Technology Institute, which received $45 million of the $50 million research and development bond approved by voters in June, is soliciting proposals from Maine companies and organizations considering investments in R&D equipment, infrastructure and technology upgrades that will drive innovation and create jobs in the state.
The remaining $5 million went to the Maine Venture Fund, which invests in early-state companies seen as having strong potential for growth.
In disbursing its share of the R&D bond, MTI is asking organizations to demonstrate how the funding will complement their own matching investments to the greatest possible extent and to achieve the greatest possible economic impact. 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 in Maine.
MTI has scheduled information sessions across the state next Monday and Tuesday to get feedback on its award decision-making process from prospective applicants. Reservations are not required
Awards must be used for capital and infrastructure expenditures such as equipment and facilities renovation.
Here’s the schedule for next week’s meetings:
Monday
Biddeford, noon, at Engine, 128 Main St., Biddeford.
Lewiston, 4-5 p.m., at Munka, 213 Lisbon St., Lewiston.
Tuesday
Waterville, 8 a.m., at Thomas College, 180 West River Road, Waterville
Bangor, 11 a.m., at Eastern Maine Development Corp., 40 Harlow St., Bangor
Ellsworth, 4-5 p.m, at Ellsworth City Hall, City Council chambers, 1 City Hall Plaza, Ellsworth.
To receive a draft program design prior to the feedback sessions, contact Patti Sutter at psutter@mainetechnology.org
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