MTI hands out $30 million in R&D money
The Maine Technology Institute yesterday released a list of 14 companies and nonprofits across the state that will share $30 million in grants, the first of two rounds of awards from last year's research-and-development bond initiative.
The grants come from MTI's Maine Technology Asset Fund, which the state created in January to help individual technology companies and research groups shepherd products through the R&D phase and toward commercialization. The application process was competitive and applicants were evaluated on economic growth and impact, scientific merit and feasibility, and relevance to Maine's innovation economy needs, among other criteria, according to a press release from MTI. For a complete list of recipients, check out By the numbers, below.
The Maine Technology Asset Fund was capitalized by the $50 million bond approved by voters in November 2007. MTI will begin the application process for the second round of grants later this year.
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