Small Enterprise Growth Fund

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.