Small Enterprise Growth Fund (Maine)
Last modified on February 12, 2015.
|Name||Small Enterprise Growth Fund (Maine)|
|Policy Category||Financial Incentive|
|Policy Type||Equity Investment|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Small Enterprise Growth Fund|
The Small Enterprise Growth Fund is a professionally-managed venture capital fund that invests in Maine companies which demonstrate high potential for growth and public benefit. The fund has received $13 million in capital contributions from the state and operates as a revolving fund. Companies in nearly any industry are eligible for funding, including seed and early stage companies. On average, $100,000 to $300,000 is invested per company, and the program cultivates and introduces the company to many investors.
|Contact Name||John F. Burns (Fund Manager)|
|Department||Small Enterprise Growth Fund|
|Address||Brunswick Business Center, 18 Pleasant St., Suite 201, Brunswick, ME|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||10 M.R.S.A. 381-392|