Maine entrepreneurs awarded $752K through MTI
Photo / James McCarthy
Alan Gibson (left) and Matt O'Malia of G·O Logic, a Belfast-based builder of passive homes that was among the 32 recipients of a Seed Grant through the Maine Technology Institute.
The Maine Technology Institute has approved 32 Seed Grant applications from entrepreneurs during the month of June, totaling $752,599 in fields including biotechnology, composite materials, environmental technology, forestry, agriculture, information technology and aquaculture.
The MTI awards are leveraged with $1,759,024 of matching contributions from the award recipients.
- Accelamed, Biddeford
Award Amount $25,000
Match Amount $34,929
- Advanced Concepts & Engineering, Dexter
Award Amount $25,000
Match Amount $41,800
- Anchorpak, Portland
Award Amount $7,320
Match Amount $7,320
- Aquilon Consulting, Portland
Award Amount $25,000
Match Amount $25,000
- Bixby & Co., Rockland
Award Amount $25,000
Match Amount $75,500
- Chemonex, Scarborough
Award Amount $24,950
Match Amount $29,650
- Coastal Chitin, Saco
Award Amount $25,000
Match Amount $96,575
- Cobbler Technologies, Bangor
Award Amount $25,000
Match Amount $25,000
- Corning Life Sciences – Proposal I, Kennebunk
Award Amount $25,000
Match Amount $63,596
- Corning Life Sciences – Proposal II, Kennebunk
Award Amount $25,000
Match Amount $559,440
- Dewatering, South Portland
Award Amount $25,000
Match Amount $25,100
- Downeast Institute, Beals
Award Amount $25,000
Match Amount $25,000
- Eldertide, Dresden
Award Amount $25,000
Match Amount $25,160
- Foothill Fuels, Portland
Award Amount $23,969
Match Amount $25,348
- G·O Logic, Belfast
Award Amount $24,840
Match Amount $26,450
- Grojo, Turner
Award Amount $25,000
Match Amount $27,920
- Highland Blueberry Farm, Stockton Springs
Award Amount $24,854
Match Amount $44,253
- InSphero, Brunswick
Award Amount $25,000
Match Amount $104,120
- InterSpec, South Portland
Award Amount $23,000
Match Amount $23,000
- Kenway Corp., Augusta
Award Amount $25,000
Match Amount $32,920
- Mount Desert Island Biological Laboratory, Bar Harbor
Award Amount $24,970
Match Amount $31,034
- MedRhythms, Cape Elizabeth
Award Amount $18,600
Match Amount $18,900
- Mook Sea Farm, Walpole
Award Amount $25,000
Match Amount $25,426
- MyHealthMath – Proposal I, Portland
Award Amount $25,000
Match Amount $30,800
- MyHealthMath – Proposal II, Portland
Award Amount $25,000
Match Amount $33,540
- Optimum Imaging Diagnostics, Scarborough
Award Amount $25,000
Match Amount $25,408
- RainWise, Trenton
Award Amount $25,000
Match Amount $35,010
- REV LLC, Portland
Award Amount $15,000
Match Amount $26,000
- Revolution Research, Orono
Award Amount $25,000
Match Amount $25,000
- Spring Point Solutions, Portland
Award Amount $24,996
Match Amount $117,285
- Starlit Software, Raymond
Award Amount $25,000
Match Amount $45,000
- Tip Whip, Orono
Award Amount $15,100
Match Amount $27,840
“The seed grants that were awarded this round span all seven of our state’s targeted technology sectors and exemplify MTI’s investment philosophy of supporting inventors in garages all the way up to publicly traded companies,” Brian Whitney, MTI’s president, said in a prepared statement about the allocations. “We need to continue to invest in innovation to foster the development of new products and emerging businesses and to support and grow existing Maine companies and jobs.”
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