The SEGF’s impact in Maine:

As of January 1, 2009, the Fund has

• Invested $10.5 million in thirty-five Maine companies with an average investment of $300,000

• Catalyzed over $92 million additional venture capital and angel investments in Maine companies

• Returned $4.2 million to the “revolving, evergreen” Fund, with the highest annualized IRR of 60% from one investment

Results from the 2007 Maine Comprehensive Research and Development Evaluation demonstrate the following benefits of the SEGF:

• SEGF companies grow faster and pay more

• Jobs at SEGF-funded companies grew 5.8% from FY06 to FY07 versus a growth rate of less than1% for the State of Maine

• Average wages in 07 were 30% higher than the average Maine wage

• Revenue growth for SEGF funded companies in 07 was 20% versus 8.9% for all survey respondents