MTI is a engineering or technology research center based in Brunswick, ME that was founded in 1999. As of 2019 they had $35 million in revenue and $41 million in assets.
The Maine Technology Institute offers early-stage capital and commercialization assistance in the form of competitive grants, loans and equity investment for the research, development and application of technologies.
The Maine Technology Institute (MTI) invests in promising technologies by funding research and development projects in the state's seven technology sectors. MTI's competitive awards bring new products, services and processes to the market, generating high-quality jobs across Maine. Businesses, non-profit organizations, academic institutions and entrepreneurs are eligible for funding under MTI's programs, which are outlined below:* TechStart Grant Program grants up to $5,000 to support technology-based innovation, business plan development, intellectual property filings, market analysis and activities related to planning and submission of Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants.* Seed Grant Program grants up to $25,000 to fund small, early-stage research and development projects, and development activities leading to commercialization.* Development Loan Program awards ranging from $30,000 to $500,000 to fund new and/or enhanced technologies or tech transfer leading to market sales. If a product is successfully commercialized, the award becomes repayable.* Business ...
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2019-06 | Sep 22, 2020 | 990 | View PDF |
| 2018-06 | Dec 27, 2019 | 990 | View PDF |
| 2017-06 | Mar 14, 2018 | 990 | View PDF |
| 2016-06 | Jul 11, 2017 | 990 | View PDF |
| 2015-06 | Feb 25, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs | |||
| Field | 2019 |
|---|---|
| Total grants, contributions, etc. | $34,248,785 |
| Program services | $24,000 |
| Investment income and dividends | $595,736 |
| Tax-exempt bond proceeds | $0 |
| Royalty revenue | $578,828 |
| Net rental income | $0 |
| Net gain from sale of non-inventory assets | $86,544 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $0 |
| Total revenues | $35,533,893 |
| Vendor | Services | Amount paid | Date |
|---|---|---|---|
| Berry Dunn Mcneil and Parker LLC | Tax accounting | 2020-03-14 | |
| █████████ | Content management system software | 2019-09-07 | |
| █████████ ████████ | Software | 2019-09-07 | |
| ███ ██████████ ████████ ███ | Consulting Services | $106,645 | 2019-06-01 |
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Brian Whitney | President | $0 | Sept. 22, 2020 |
| Greg Lee | Director of Finance and Administration | - | Aug. 5, 2019 |
| ██████ ██████████ | Director of Business Development | - | Aug. 5, 2019 |
| █████ ██████ | Portfolio Manager | - | July 25, 2019 |
| █████ ██████ | Web Communications Manager | - | Aug. 5, 2019 |
| ███████ ██████ | Treasurer | $0 | June 30, 2019 |
| █████████ █████████ | Vice Chair | $0 | June 30, 2019 |
| █████ ███████ | Chair | $0 | June 30, 2019 |
| ████ ████ | Secretary | $0 | June 30, 2019 |
| █████ █████ | Vice Chairman | $0 | June 30, 2017 |
| ...and six more key personnel | |||