Maine Technology Institute Funds $1,626,850 in 19 Awards to Maine Companies
Awards support innovative technology projects in seven sectors and six counties
Brunswick, Maine – The Maine Technology Institute (MTI) approved 15 Seed Grant applications and 4 Development Loan applications in October 2015, totaling $1,686,850 in awards 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.
Los premios de esta ronda incluyen:
- Four (4) Development Loans totaling $1,351,630
- Fifteen (15) Seed Grants totaling $335,220
“MTI invests in entrepreneurs conducting basic research in a garage all the way up to publicly traded companies in an effort to stimulate the development of new products, processes and companies that help grow Maine’s innovation economy,” said Brian Whitney, MTI’s President. “The projects funded in this round cover all of our state’s 7 targeted technology sectors, leverage private sector matching investments of over $3.3 million, and comprise established Maine companies and start-up ventures.”
Resumen de premios:
Development Loan Awards – Four companies received MTI Funding totaling $1,351,630
Development Loans of up to $500,000 are offered three times a year to support the conversion of innovative research into new products, processes and companies.
El next Development Loan Application deadline is February 16el, 2016 – Notice of Intent to Apply required by February 2nd, 2016.
Seed Grant Awards – Fifteen companies received MTI Funding totaling $335,220
Seed Grants are offered three times a year to support the conversion of innovative research into new products, processes, and companies. Funded activities may include proof of concept work, prototype development, field trials, prototype testing, pilot studies, or technology transfer activities. MTI offers Seed Grants as direct investments in companies that are pioneering Maine’s future through their technology innovations.
The next Seed Grant application deadline is December 15el, 2015.
Para obtener más información sobre los programas de financiación de MTI, visitewww.mainetechnology.org.
MTI es una organización privada, sin fines de lucro y financiada con fondos públicos, creada por la Legislatura en 1999 para estimular la investigación y el desarrollo que genere nuevos productos, procesos y empresas en los siete sectores tecnológicos clave del estado. Los programas de MTI consisten en préstamos, inversiones de capital o subvenciones diseñadas para mejorar la competitividad de dichos sectores y aumentar la probabilidad de que uno o más de ellos impulsen núcleos de actividad industrial y creen empleos de calidad en todo Maine.
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