Maine Technology Asset Fund 2.5 Frequently Asked Questions for Applicants

What are the “program parameters” referenced in the RFP? “Program parameters” as indicated in the MTAF2.5 RFP refers to both the intended impact of bond funds (e.g., to cost-share investments in infrastructure, equipment and technology upgrades in MTI’s targeted sectors), as well as the eligibility criteria outlined in the RFP (e.g., be a Maine business, have a significant presence in the State, e. [...] If existing equipment is going to be transferred to the project, can its value be counted as matching fund? Similarly, can the value of an existing laboratory used for the project be counted as matching funds? Because the intent of the bond is to leverage new dollars, existing equipment or laboratory space would not be eligible as match. [...] If the MTAF 2.5 funds will be used for the construction of a new building to build a prototype product, can the expenses associated with building the first prototype be counted as match? Yes, expenses related to building the prototype may be counted as matching funds. [...] If a project or company is not fully successful, does the property and equipment obtained with the award funds become the property of MTI or any other entity? As long as award recipient complies with the terms of the award contract, all property and equipment obtained with MTAF 2.5 funds remains the property of the award recipient at the end of the contract. [...] If I ask advice from a contractor on the initial design and budget for the purposes of the request, will that exclude him/her from bidding on the full design if the project was to be funded? From the MTI and MTAF 2.5 policy perspectives, asking a contractor for assistance with basic design and budgetary data for the request does not exclude them from bidding or performing the work on the actual pr.