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

March 21, 2016

Awards support innovative technology products in five sectors and six counties

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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