Foundation / Corporation
Maine Technology Institute (MTI)
08/14/18 5:00 PM EDT
Grants of up to $25,000 to Maine nonprofit research institutions, IHEs, entrepreneurs, and for-profit companies to develop, advance, and transfer technologies to the commercial marketplace. Applicants must contact program staff prior to the deadline to gain access to the application portal.
MTI funding requires a specific scope of work that will lay the basic technical and/or business groundwork critical to securing additional funding from MTI or other sources of private and public capital, including from federal grants and solicitations, with the ultimate goal being commercial success of the technology and the enterprise.
Seed Grants will support specific projects leading to the development of new and innovative products, processes or services that may include:
-R&D activities such as proof of concept work, prototype development, field trials, prototype testing, pilot studies.
-Business development activities such as market analysis, business plan development, intellectual property investigation and filing if they are part of the larger proposed Seed Grant R&D project.
-Consulting assistance preparing an MTI Development Loan application, developing investor presentations, or other commercialization and business development activity reasonably expected of early and mid-stage technology development if they are part of the larger proposed Seed Grant R&D project.
Academic and Research Institution Technology Transfer:
Early-stage, applied research conducted within private and public academic, or research institutions may apply for Seed Grants. The goal of the ‘Technology Transfer’ category is to increase the probability that technology and innovative solutions are transferred out of, or applied within the academic or research institution to address a commercial opportunity. Compelling Technology Transfer applications will have a realistic expectation that the innovation/technology will be further developed and/or commercialized by partners or licensees and those partners should be identified within the application.
Technology Transfer Seed Grants are expected to fund projects where the majority of the project execution rests within Maine-based private and public academic or research institutions.
MTI recognizes the distinctive nature of these institutions and that not all the criteria listed within this Application directly apply to technology transfer applications by institutions. However, applicants should make a reasonable effort to address the relevant portions of each section. Please contact MTI staff to assist with any questions.
It is expected that institutional applications will be accompanied by a letter of support or recognition of the applications by the institution’s technology transfer office or equivalent.
Successful transfer of technology out of institutions may result in follow-on funding applications to MTI or SBIR/STTR programs from the commercial transferee or institution to complete the final stages of commercialization.
MTI funds may be used to purchase equipment only when the equipment purchase is necessary for the proposed R&D project. Recipients of awards that include equipment purchases may be required to sign a Purchase Money Security Agreement allowing MTI to file and hold a lien on equipment purchases. MTI must approve of purchased equipment disposition.
Projects funded by the MTI must show a high potential for significant economic benefit to Maine. Outcome measures will include some of the following benefits:
-Creation or retention of jobs
-Additional company investments
-Infrastructure investments by the company
-Increased sales and revenue
-Increasing Maine’s capacity for R&D
-Patents, trademarks and/or licenses
-Additional outside investment into the company
-Firm survival and growth
Projects funded by MTI must fall within one of Maine’s seven targeted technology sectors. All Seed Grants are reviewed by one of the seven sector-specific Tech Board Review Committees:
-Forestry and Agriculture
-Composite Materials Technology
-Aquaculture and Marine Technology
-Precision Manufacturing Technology
GrantWatch ID#: 178812
Seed Grants will be for up to $25,000 per project.
The total of all Seed Grant awards granted for projects related to the development of any one technology (product, process, or service) shall not exceed $50,000 per organization or principal investigator. The total of all Seed Grant awards shall not exceed $50,000 in a 24-month period per organization or principal investigator.
Project timelines shall be projected at 12 months or less.
Maine entrepreneurs, Maine-based companies and nonprofit research institutions and universities with operations in the state of Maine requesting funds to develop, transfer and advance technologies into the commercial market are eligible. A Maine-based company is registered to do business in the State of Maine with definitive plans to create and/or retain quality jobs in Maine. Awardees must have a significant base of operations in Maine prior to signing their MTI Seed Grant Agreement.
-Any size Maine-based company may submit an application.
-Companies with a significant base of operations and location in Maine.
-Companies with no current Maine operations must demonstrate a clear plan to locate or base significant operations in Maine and execute on such plans prior to execution of the Seed Grant Agreement.
-Academic and research laboratories (Technology Transfer) – Compelling Technology Transfer applications will have a realistic expectation that the innovation/technology will be further developed and/or commercialized by partners, or licensees. Technology Transfer Seed Grants are expected to fund projects where a majority of the project execution rests within Maine-based private and public academic or research institutions.
The technology research and development projects submitted must:
-Demonstrate a high potential for economic benefit to Maine.
-Fall within one of Maine’s targeted technology sectors
-Have a minimum of 1:1 matching investment contribution.
-Comply with all the requirements of these Application Instructions.
Each grant requires a 1:1 match consisting of actual cash, salaries, staff time, or equipment directly attributable to the proposed project. It is recommended that at least 50% of the match be in the form of cash. No overhead or sales and marketing costs may be used with Seed Grant funds or matching funds. Full grant payment will be contingent upon completing the scope of work in the application and submission and approval of a quality final report.
MTI strongly encourages all applicants to submit by email a draft application at least two weeks prior to the targeted application deadline. As time allows, MTI staff will provide feedback on draft applications submitted at least two weeks prior to the targeted application deadline.
Final applications must be submitted through MTI’s Online Application Portal. To access the online portal, please email Kim Doughty (see contact details below).
Current Award Cycle:
-April 10, 2018: Applications due by 5:00 PM EDT
-May 2018: Tech Board Review Committee (TBRC) Meetings
-June 11, 2018: MTI Board of Directors will review those recommended by TBRC Meetings. MTI Board of Directors makes final award decisions.
-June 15, 2018: Applicants are notified of results.
Seed Grants will be awarded three times each year. Upcoming application deadlines (TBD) will occur in August and December 2018.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
To gain access to the online grant portal, please email Kim Doughty, Lending and Grant Associate at email@example.com.
For further information or questions, call Kim Doughty at 207-203-2072 or contact Shane Beckim, Investment Officer at firstname.lastname@example.org.
Maine Technology Institute
8 Venture Avenue
Brunswick, ME 04011