MTI Funds $1,592,373 in 19 Awards to Maine Companies

The Maine Technology Institute (MTI) approved 13 Seed Grant applications and 6 Development Loan applications in February 2016, totaling $1,567,373 in awards to entrepreneurs from across Maine to advance new product and process development in biotechnology, environmental technology, forestry & agriculture, information technology, aquaculture & marine technologies, and precision manufacturing technology.  This round of MTI awards leveraged $1,776,427 of matching contributions from the award recipients.