October 15, 2010
MTI awards $7.25M in grant funding
By The Mainebiz News Staff
The Maine Technology Institute has awarded a total of $7.25 million through its Maine Technology Asset Fund to 10 Maine companies and organizations.
The funding comes from a total of $53 million in state bonds approved by voters in 2007 and 2010, according to a press release from Gov. John Baldacci's office. So far, MTAF has doled out $45.6 million to 25 projects, leveraging more than $69 million in matching funds.
The recent awards are:
- University of Maine, Orono and Fort Fairfield, biomass engineered fuel: $1.66 million
- Ocean Renewable Power Co., Portland and Eastport, TidGen power system commercialization project: $1.2 million
- Packgen, Auburn, the E-Pack Drum, an environmentally friendly alternative to the 55-gallon steel drum: $950,000
- The Jackson Laboratory, Bar Harbor, complex workflow management: $900,000
- University of Maine Fishlab, Orono, fisheries innovation, sustainability and health lab: $600,000
- University of Maine, Orono, Advanced Biomechanics Laboratory for Injury Reduction and Rehabilitation: $533,300
- Gulf of Maine Research Institute, Portland, community-based research to support the Maine lobster industry: $532,550
- University of Maine, Orono, commercialization of new technologies for animal disease surveillance: $497,392
- University of Maine, Orono, and University of Maine System, cyberinfrastructure investment for development, economic growth and research: $250,000
- Biovation LLC, Boothbay, laboratory facilities for wound care products: $125,000
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