Maine Technology Institute
Matthew Hoffner is an experienced industry leader with a diverse background in startups, technology, and consulting. Currently serves as a Board Member for Redsky, providing advanced 3PL logistics services in the EU market, and as an Entrepreneur In Residence at the Maine Technology Institute, where support is offered to startups through loans and grants. Hoffner has held leadership roles including former Chairman of Mobile Price Card and Chairman of Interspec, overseeing significant company turnarounds and successful exits. Additionally, Hoffner has contributed to various organizations including the Diamond Cove Board and Maine Venture Fund, focusing on community development and supporting Maine-based enterprises. Previous experience includes leadership positions at Jobg8.com US and JobsInTheUS.com, where substantial growth was achieved. Holds a BS in Mechanical Engineering from the University of Bridgeport and has furthered education at the University of Southern Maine.
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Maine Technology Institute
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The Maine Technology Institute (MTI) is an industry-led, publicly-funded, nonprofit corporation that offers early-stage capital and commercialization assistance in the form of competitive grants, loans and equity investment for the research, development and application of technologies that create new products, processes and services, generating high-quality jobs across Maine. The Maine Technology Institute was established by the Maine State Legislature in 1999. MTI, working with partners across the state, “shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in the State's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people.” MTI is one element of the State's economic development strategy to contribute to the long-term development of a statewide research, development and product deployment infrastructure. See full statute. Every $1 of MTI funds received generates an additional $14 in non-MTI funding. MTI funded companies say that MTI funding has been critical to their commercial success. Since 2000, MTI has funded 1,295 technology projects in Maine, a financial commitment of $106 million that has leveraged over $173 million in additional funding for a total of $280 million.