The mission of the fund is…
“to provide resources to attract, support and develop eligible small businesses that will contribute to the prosperity of Maine”
Maine's Venture Capital Fund
The SEGF is a professionally-managed venture capital fund that invests exclusively in Maine companies who demonstrate a potential for high growth and public benefit. The Fund has been actively investing in Maine companies since 1997, after its creation by an act of the Maine Legislature in 1995 to provide Maine companies and entrepreneurs access to patient sources of venture capital. The fund has received $13 million in capital contributions from the State of Maine and operates as a revolving, “evergreen” fund.