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Ocean Farm Technologies

Floating fish farms are easier to tend when constructed in sheltered waters. But that means that coastal views are disrupted and waste can accumulate despite the motion of waves. So farmers install expensive feed monitoring equipment or tow the pens to new locations thus burning fuel and increasing cost. In waters off Puerto Rico, researchers from Massachusetts Institute of Technology test a self-propelled spherical fish cage made by Ocean Farm Technologies.

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Investing in Innovation for a Prosperous Maine

MTI works with entrepreneurs, innovators, established businesses and institutions conducting research and development to FUND and GROW, and CONNECT them to resources that will help them commercialize their technologies. Our programs help innovators accelerate progress to the market, leverage additional private and public investment, and ultimately, expand their economic impact in Maine.

See the Business Innovation Program for information on funding and access to the coaching and capital that Maine businesses need to grow. The changes are designed to speed Maine technology-based businesses along the development cycle of bringing new products to market and to simultaneously accelerate these companies’ potential for profitability and growth. The Business Innovation Program has helped fuel Maine’s innovation economy, growing companies and good jobs across the state since 2000. In the past year alone, MTI awarded $7.291 million of grants and loans to Maine companies that were ready to develop a new technology and bring it to market. MTI investments also help support higher wage jobs in Maine. Historically, the average income in Maine’s technology sectors has been $49,053, higher than Maine as a whole at $36,317 and higher than the US Average of $45,563.

MTI connects Maine's small business to the federal Small Business Innovation Research and Small Business Technology Transfer programs, a $2B plus market for research and development projects. The National Science Foundation (NSF) Small Business Innovation Research (SBIR) Program is currently accepting proposals from small businesses that have an innovative idea for a technology, process or product in Biological and Chemical Technologies, Education Applications, Electronics, Information and Communication Technologies, Nanotechnology, Advanced Materials, and Manufacturing. Proposals are due June 10, 2014.

Learn more about MTI's funding for business innovation in Maine at an upcoming workshop or webinar.

Read more about MTI's first decade of investing in Maine's innovation economy here.

Read about some of the many MTI award-recipient success stories here.

Catch up on the most recent news about MTI award-recipients and the great work they do across the state of Maine.

We look forward to learning about your innovation!

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