John Karp - Investing in Technology in Maine

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John Karp - Investing in Technology in Maine

  1. 1. ………In Maine John Karp
  2. 2. Federal: SBIR’s, STTR’s, Direct contracts, USDA Rural Development Funding
  3. 3. State: Maine Technology Institute University Research efforts Small Enterprise Growth Fund Maine Manufacturing Extension Partnership Seed Capital Tax Credit (60%) Fed-State: Workforce boards (occasionally…)
  4. 4. Private: State Seed credit helps, Individuals, Maine Angels, Funds such as Anania and Associates Investment Company (uses SCTC) Corporate investment, re-investment, re- investment, re-investment re…you get the idea.
  5. 5. State-Federal University of Maine research at LASST Federal SBIR’s, MTI assistance and grants Patent License to Environetix Private Partnerships Environetix- Customers Further research to expand offerings -Funded by Environetix and customers
  6. 6. StateSeed capital tax credit (then 40%) inspired investment by private groupMTI grant expanded product offeringsGrowth and more R&D funded by investors AND profits
  7. 7. State / Federal / PrivateMTI Development LoanSBIR’sMaine MEP(Manufacturer of the Year Award 2012)Medtronic
  8. 8. State / Federal / PrivatePrivate Investors foundedSmall Enterprise Growth Fund Invested, stuck by long after many would havefledMTI seed grant for more efficient production technologyFederal NETAAC funding for improved operations management system andimproved manufacturing efficienciesMore private investment ( )…AND profits!

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