Maine Technology Institute Funds $1,626,850 in 19 Awards to Maine Companies - Maine Technology Institute
Summary
The Maine Technology Institute approved 19 awards for Maine entrepreneurs and companies in October 2015. The awards included 15 Seed Grants and 4 Development Loans to support new product and process development across seven technology sectors. The funding also attracted more than $3.3 million in matching contributions from recipients. MTI said the program is meant to turn research into products, processes, and new companies that strengthen Maine’s innovation economy.
Funding
Amount
$1.4M
Total raised
Date
October 1, 2015
Announcement date
Investors
Maine Technology Institute
Lead investors
Company
-
Funded company
Classifications
industries
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applications
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