This program is designed to allow the State to invest as an equal partner with others in eligible private venture capital funds to support emerging and early-growth businesses in Maine. It is intended to utilize experienced professional fund managers to increase the probability of successful investments and the success of recipient companies.
Eligibility
Available only to established venture capital funds that have a strategy for the creation and retention of jobs in Maine through:
- Investments in Maine high-growth businesses.
- A marketing and technical assistance plan.
- Appropriate monitoring of its investments.
- A technical assistance program to assist the businesses in which it invests.
- A process for complying with proposed measurement and goals.
Investment Amount
Ordinarily will not exceed $1,000,000.
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
Participating Venture Capital Firms
10 Allen Street
Hanover, NH 03755
(603) 643-1500
www.borealisventures.com
301 Edgewater Place
Wakefield, MA 01880
(781) 295-4000
www.brookventure.com
Two Portland Fish Pier, Suite 201
Portland, Maine 04101
(207) 882-7552
www.ceiventures.com
Two Portland Fish Pier, Suite 201
Portland, Maine 04101
(207) 772-5356
www.ceiventures.com
3 Canal Plaza
Portland, Maine 04101
(207) 780-0905
www.mvpartners.com
