Maine Technology Institute Funds $1,626,850 in 19 Awards to Maine Companies


November 19, 2015

The Maine Technology Institute (MTI) announced this month that it has funded $1,626,850 in 19 awards to Maine Companies in its latest round of awards, including 15 Seed Grant applications and 4 Development Loan applications.  The funds were awarded to entrepreneurs from across Maine to advance new product and process development in biotechnology, composite materials, environmental technology, forestry & agriculture, information technology, aquaculture & marine technologies, and precision manufacturing technology.  This round of MTI awards leveraged $3,352,927 of matching contributions from the award recipients.

To learn more about the awards and their recipients, or for information on how to apply for the next round of funding, visit the MTI website.