Maine Venture Fund

Maine Venture Fund is a Newport, Maine–based venture capital fund created by the Maine Legislature in 1995 to support high-growth Maine companies with potential for economic impact, job creation and community benefit; it operates as a non-profit “evergreen” fund that has deployed over $49 million in capital since 1997, reinvesting returns into new Maine-focused equity investments. MVF makes seed to early expansion equity commitments (often around $100 K initial checks) alongside co-investors into primarily Maine-based businesses demonstrating product-market traction, with criteria emphasizing return potential and positive regional outcomes, and is governed by a board with gubernatorial appointments. Its mission centers on elevating the Maine entrepreneurial ecosystem and catalyzing private and public investment into local innovation.