MTI awards $137,510 in Seed Grants to entrepreneurs and companies from Castine to Naples and Brewer to Yarmouth in latest Seed Grant round
The Maine Technology Institute (MTI) Board of Directors has awarded over $137K in 12 new Seed Grants to entrepreneurs and companies across the state to advance innovations in agriculture, aquaculture, biotechnology, composite materials technologies, environmental technologies and information technology and to bring new products to market. This round of MTI awards leveraged nearly twice that much, over $235K of matching contributions from the award recipients.
A complete list of March’s awardees follows.
“To obtain Seed Grant funding, applicants have to prove their idea, compete for funding and match every dollar of MTI funding with at least one dollar’s worth of other investment,” explained Betsy Biemann, President of MTI.