MTI Funds $752,599 in 32 Seed Grant Awards to Maine Companies

BRUNSWICK, MAINE – The Maine Technology Institute (MTI) approved 32 Seed Grant applications in June 2016, totaling $752,599 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 $1,759,024 of matching contributions from the award recipients.