Maine's Applied Technology Development Centers
ATDC
Home
About Us
Centers
Partners
 

Business Incubation in Maine
87% of all businesses that graduate from incubators remain in business!
Business incubation is critical to the success of new companies. To help nurture young, entrepreneurial companies in Maine, several Technology Centers around the state provide business incubation. Each Center provides its client companies with business support tailored to companies in their region.

Companies incubated in Maine:
• Average 5 employees per company
• Pay an average salary of $33,000
• Have achieved over $13.5 million in 2003 revenue Companies that graduate from incubators strengthen local economies.

The goals for Maine’s Technology Centers include:
• The retention of successful start-up businesses in the state
• The improvement of opportunities for workers through the creation of technologically advanced jobs
• The encouragement of private-sector initiatives
• The renovation and utilization of vacant commercial real estate
• The generation of new sources of revenue for local and state tax bases

Access To Capital
Because each Center is familiar with grant and investment opportunities and able to provide assistance in preparing application and presentation materials, you will have a better chance of receiving appropriate funding when you need it.

Cost Savings
Conference rooms, administrative space, shared telephone and telecommunications systems, high speed Internet access, audio visual equipment and videoconferencing capacity are available. Professional services from partnering legal, accounting, marketing and manufacturing professionals are available at reduced cost.

Getting Connected
Academic Community

Each Center is affiliated with academic institutions providing links to faculty, staff, students and other resources.

Investors
Every Center has access to a network of investors and financial resources.

Other entrepreneurs
Work close to other new businesses and share ideas, interests and connections.

Partners
• Maine Technology Institute
• Maine Manufacturing Extension Partnership
• University of Maine System
• Maine Community Colleges
• Maine Law School
• Finance Authority of Maine
• Private Sector Banks and Financial Institutions
• Venture Capital Groups
• Maine Small Business Development Centers
• Maine International Trade Center

For More Information:
For further information on building your future with Maine's Technology Centers, call contact Catherine S. Renault, Ph. D., Director, Office of Innovation, at 207-624-9801 or Catherine.s.renault@maine.gov

National Business Incubation Association
The Maine Technology Center Program is proud to be a member of the National Business Incubation Association, and encourages its member centers to incorporate best practices and proven procedures endorsed by NBIA. Strong business incubation programs delivered in accord with NBIA principles offer client companies a rich combination of training, networking, resources, and cost savings.

NBIA Core Principles and Best Practices
Ten Keys to Incubation Success