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Resources for Growth Maine Technology Institute and

Maine International Trade Center November 6, 2014

Peter F. Drucker

“Growth is the result of success.”

“Growth is not automatic. ”

Scaling Up: Strategies for Smart Business Growth and Market Expansion

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.

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

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

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

Maine International Trade Center Resources • Trade Assistance • Trade Education Programs &

Networking Events • Trade Missions • Trade Shows

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

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

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

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

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