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Maine has a number of excellent funding sources for energy and 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!
Did you know . . . ?
The Members Tools and Resources tab provides additional support for our members!
Check out the updates from the New England Clean Energy Council's regional policy calls on Monday mornings. This is a great way to see what's new in Maine's environmental and energy world!!
Accel-VT Climate Economy Business Accelerator -
2019 Applications Due April 28
Accel-VT is a business accelerator focused on helping early stage companies in climate economy innovation. The program is administered by the Vermont Sustainable Jobs Fund (VSJF). In partnership with energy industry and venture capital companies, the accelerator will fill out its third cohort with entrepreneurs developing products or services that are focused on reducing fossil fuel use and greenhouse gas emissions in the transportation and/or heating sector. They are interested in startup and/or seed stage ventures who offer new technologies, or novel applications of existing technologies, aimed at reducing fossil fuel use and greenhouse gas emissions in the heating and/or transportation sector. For more information visit: https://accelvt.com/
TechHire - Incumbent Worker Training for Maine Companies
The TechHire Partnership Grant is a program to help build a highly skilled, highly trained workforce for Maine's information technology (IT) and computing sector. Incumbent worker training dollars available under TechHire to Maine employers can assist with your company upskilling needs. The grant helps you support the front-line, entry and mid-level workers of your IT business with the valuable short-term or accelerated skill upgrading or customized training of your choosing. Training must result in employees attaining an industry-recognized credential or certificate applicable to the Information Technology industry sector. Employees must be a Maine resident to be served with grant funds. Training grants offered by TechHire depend on the size of your company and cost of training program you are considering.
CLICK HERE for more information and application instructions!
Data Innovation Project
The Data Innovation Project partners with organizations to increase their capacity to utilize data to clearly define their work, achieve results, and demonstrate impact in Maine. They believe in helping and empowering Maine organizations to use data to affect change and tell compelling stories. Currently, The Data Innovation Project is accepting applications for Data Clinics in 2019. These data clinics are a FREE opportunity for organizations to participate in two hours of focused and individualized technical assistance surrounding a data or evaluation related issue. They offer three data clinics per month for organizations on a first-come-first-serve basis. Interested organizations should fill out a short application to help them better understand your data issue and if they think they can help answer your data questions they will gladly welcome you to join them for a clinic hosted by two of their team members. CLICK HERE to learn more and apply.
CEI Wicked Fast Microloans
Coastal Enterprises, Inc. (CEI) is offering expedited microloans designed for existing and start-up business owners. Eligible applicants can borrow up to $25,000 for working capital, equipment purchases, or to refinance existing higher cost debt. CEI makes the loan decision within three business days from a 2-page application.
CLICK HERE to access all CEI business financing options.
Maine Center for Entrepreneurs Programs
The Maine Center for Entrepreneurs (MCE) seeks to provide Maine entrepreneurs with the tools and resources needed to directly impact their rate of success. Through a combination of developing lasting business partnerships and acquiring strategic sponsorships from local and regional businesses, we're able to bring a broad array of relevant programming, quality mentorship, world-class training and expertise to encourage sustainable, Maine-based entrepreneurship. Whether you're a startup founder looking to participate in the Top Gun Program, are an established food, beverage or agriculture company looking to participate in the Cultivator Program, or you want to enroll in one of our focused workshop series, your odds of success will undoubtedly increase. They currently offer two ongoing entrepreneurial programs, along with several workshop series events which address the unique needs and challenges facing entrepreneurs and companies today. LEARN MORE
Advanced Technology Education Proposals Now Accepted - National Science Foundation
With an emphasis on two-year colleges, the Advanced Technological Education (ATE) program focuses on the education of technicians for the high-technology fields that drive our nation's economy. The program involves partnerships between academic institutions and industry to promote improvement in the education of science and engineering technicians at the undergraduate and secondary school levels. The ATE program encourages proposals from Minority Serving Institutions and other institutions that support the recruitment, retention, and completion of students underrepresented in STEM in technician education programs that award associate degrees. For more information, CLICK HERE.
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.
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.