Technology Asset Fund

Technology Asset Fund

Program Name: Technology Asset Fund

Resource Type: State

State: Maine, Northeast

Agency: Program Source: Dedicated Revenue

Description: The Maine Technology Asset Fund is a competitive award program funded by Maine State bond proceeds. The awards must be used to fund capital and related expenditures supporting research, development and commercialization projects that will lead to significant economic benefits for Maine. The expenses may include facilities construction and renovation, machinery and equipment (including computers, software and licenses required for their use, as well as related technician training for operation of equipment and machinery purchased) and land purchase. This may also include expenses directly associated with the acquisition and installation of such assets. The awards may not be used to fund ordinary annual operating expenses.