Maine Venture Fund

The Maine Venture Fund (formerly the Small Enterprise Growth Fund) was created to help small Maine businesses obtain patient capital. The Fund targets initial investments of up to $400,000 (reserving funds for follow-on rounds) in businesses with the potential for high growth and public benefit, including job creation. The business must be located in Maine and must obtain a co-investment in an amount at least equal to the investment from the Fund. The Fund seeks a reasonable risk-adjusted return on investment within a five to seven year period.