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MTI awards over $21K to Maine companies

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BRUNSWICK The Maine Technology Institute (MTI) approved five new grant applications in May 2016, totaling $21,303 in awards to entrepreneurs from across Maine to advance new product and process development in aquaculture and marine technology, precision manufacturing, environmental technologies and information technology. This round of MTI awards leveraged $27,876 of matching contributions from the award recipients.

Awards from this round include three Tech Start Grants totaling $11,503 and two Phase 0 KickStarters totaling $9,810.

Three companies received MTI Funding from Tech Start Grants totaling $11,503. They are:

Casco Bay Butter Company, Scarborough (award amount $1,503, match amount $1,503); Colby College, Waterville (award amount $5,000, match amount $11,463); and ImageWorks, Portland (award amount $5,000, match amount $5,100).

TechStart Grants are available to entrepreneurs and companies across Maine who are seeking to develop their inventive ideas into new, innovative products or services. Grants are awarded monthly and may be used to support specific activities such as business plan development, intellectual property filings, market analysis, or technology transfer activities out of research institutions. The next application deadline for MTI's TechStart grant program is July 7, 2016.

Two companies received MTI Funding from Phase 0 Kickstarters totaling $9,800. They are:

Delta Dewatering, South Portland (award amount $4,800, match amount $4,800) and Montalvo Corporation, Gorham (award amount $5,000, match amount $5,010).

The Phase 0 KickStarter is a funding opportunity offered to individuals and companies seeking to submit SBIR/STTR Phase I Proposals to one of the 11 federal agencies participating in the program. Awards of up to $5,000 are offered to foster and support competitive federal proposal submissions from Maine applicants. Funds can be used for external direct costs associated with preparing an SBIR/STTR proposal, such as hiring grant writers, subject matter experts, other consultants or purchasing market research reports needed to inform your proposal. Phase 0 KickStarter applications are accepted on a rolling basis and at least 30 days in advance of solicitation due date.

For more information on MTI funding programs, please visit www.mainetechnology.org.

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