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.
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