Maine Technology Institute
Adam Jones is an accomplished professional with extensive experience in sales, business development, and engineering. Currently serving as the Director of Sales at Crescend Technologies, LLC since September 2022, Adam also owns Mainely Calculators, where vintage electronics, particularly Hewlett Packard calculators, are bought, sold, and refurbished. Adam holds the position of Precision Technology Board Chairperson at Maine Technology Institute, guiding initiatives to support entrepreneurs in commercializing technologies. Previously, Adam has held significant roles in sales and business development at several companies, including Microwave Techniques LLC and Mega Industries, LLC, and contributed to Howell Laboratories, Inc. as Director of Business Development for the Commercial Division. Adam's engineering expertise was shaped through positions at Radio Frequency Systems and SPX Corporation. Adam earned an MBA in Business Administration from the University of Southern Maine and a BSMET in Mechanical Engineering Technology from the University of Maine.
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Maine Technology Institute
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The Maine Technology Institute (MTI) is an industry-led, publicly-funded, nonprofit corporation that offers early-stage capital and commercialization assistance in the form of competitive grants, loans and equity investment for the research, development and application of technologies that create new products, processes and services, generating high-quality jobs across Maine. The Maine Technology Institute was established by the Maine State Legislature in 1999. MTI, working with partners across the state, “shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in the State's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people.” MTI is one element of the State's economic development strategy to contribute to the long-term development of a statewide research, development and product deployment infrastructure. See full statute. Every $1 of MTI funds received generates an additional $14 in non-MTI funding. MTI funded companies say that MTI funding has been critical to their commercial success. Since 2000, MTI has funded 1,295 technology projects in Maine, a financial commitment of $106 million that has leveraged over $173 million in additional funding for a total of $280 million.