resources for growth maine technology institute and maine ...€¦ · kompass, company listings...
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Resources for Growth Maine Technology Institute and
Maine International Trade Center November 6, 2014
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Peter F. Drucker
“Growth is the result of success.”
“Growth is not automatic. ”
Scaling Up: Strategies for Smart Business Growth and Market Expansion
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We fund Maine entrepreneurs, companies and organizations who engage technology to develop innovative products and connect them to resources to help them grow profitable enterprises.
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FUND CONNECT GROW
What does MTI fund? - Development of
innovative product, process or service.
How does MTI fund?
MTI connects entrepreneurs throughout their engagement: - Entrepreneur in Residence - Partners - MITC, MCED, BxG,
MRRA & many others - Resources – investment,
management, financial mgmt, MFG support . . .
Why does MTI do this? - Commercialization! - Create scalable,
profitable businesses - Grow companies with
high paying jobs and creating economic impact for Maine.
Scaling Up: Strategies for Smart Business Growth and Market Expansion
3 key elements of MTI’s mission
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Scaling Up: Strategies for Smart Business Growth and Market Expansion
MTI’s Business Innovation Program (BIP) funds business growth & expansion
• TechStart - $5K (2x) - for market research, business planning, IP
• Seed Grant - $25K (2x) - market research, product design, prototype development, beta testing
• Development Loan - $250K/$500K (2x) – manufacturing scale up, new product development (R&D component) – 15% for business development activities
• Business Accelerator Grants – specifically for commercialization and business development – 10% of DL/20% of SBIR Phase I/10% of SBIR Phase II
• SBIR/STTR – Technical Assistance Program and KickStarter grant ($5K) for support for developing grant applications
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Scaling Up: Strategies for Smart Business Growth and Market Expansion
“Meaningful, long-term, profitable growth is a by-product of effective management and planning.”
Andrew J. Sherman
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Maine International Trade Center Resources • Trade Assistance • Trade Education Programs &
Networking Events • Trade Missions • Trade Shows
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Resources for Importing
Help Sourcing Materials Connecting with foreign Distributors & Manufacturers Best Logistics methods Payment and risk mitigation Documentary needs, Certification, and Product Classification Import Tariff & Tax Rates
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Resources for Exporting
Market Reports and trade statistics Connecting with Distributors & Buyers (lists/Gold Key) Assisting with Foreign Documentation, Certification, Product Classification Logistics, Costs Best Payment Methods Info on Foreign Import Tariff & Tax Rates
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Trade Databases- MITC Kompass, Company Listings WISER Trade statistics MARVEL Maine, University of Southern Maine Foreign Trade Associations- Strategis, UKTI, NZTrade,
HKTDC US Harmonized Tariff Schedule
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Export Matchmaking Resources US Commercial Service, Dept of Commerce Gold Key Services FoodExport USA – Market Builder services Export Matchmaking Consultants through ETC/MITC Reimbursement grants available through Maine MEP, SBA,
FoodExport USA
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Contact us for more information:
Maine Technology Institute www.mainetechnology.org
Tel. 207 582 4790
Maine International Trade Center
www.mitc.com Tel. 207 541 7400