WASHINGTON, D.C.-U.S. Senators Olympia J. Snowe (R-ME) and Susan Collins (R-ME) announced today that the Maine Technology Institute (MTI) has awarded $178,515 in seed grants to 20 Maine companies for research and development efforts. The MTI funds have been matched by $243,991 in R&D investments by the recipients.
“We are pleased to see support for innovative research and development projects in Maine,” said Senators Snowe and Collins in a joint statement. “These are essential contributions to our state’s increasingly dynamic and prosperous economy, and we welcome further efforts in the technology-related sector.”
The funding will be distributed as follows:
• $10,000 to Harbor Technologies, Inc. in Brunswick
• $5,000 to MidCoast Metrology, Inc. on Bailey Island
• $9,950 to BIODESIGN International in Saco
• $7,400 to L&C Enterprises in Lubec
• $9,932 to Burnt Meadow Nursery in Brownfield
• $9,500 to DM Technologies, LLC in Sanford
• $10,000 to the Downeast Institute for Applied Marine Research and Education in Beals
• $6,313 to Refrigeration Technologies in Gorham
• $10,000 to Pacific Coyote LLC in York
• $5,250 to MacNeill International in Kittery
• $9,840 to Maine BioFuels in Cumberland
• $10,000 to Mainely Sensors in Orono
• $10,000 to Jones Associates, Inc. in Poland
• $5,625 to Maine Precision Welding Inc. in Sanford
• $10,000 to Lyman Morse Boatbuilding in Thomaston
• $10,000 to Finasys II LLC in Orono
• $10,000 to Cyr Lumber Inc. in Portage
• $9,705 to DaVinci Experience in Falmouth
• $10,000 to the Pet Health Network (formerly Paige Media Group) in Brunswick
• $10,000 to Thermoformed Plastics of New England, LLC in Biddeford
The Maine Technology Institute is a state funded, private non-profit organization that offers early-stage, patient capital, and commercialization assistance for the research and development of innovative, technology based projects that create new products and services, thereby generating jobs in the state of Maine.
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