MTI seeks applications for $2M in innovation funding

The Maine Technology Institute is seeking applications for $2 million in funding from organizations looking to make investments in R&D equipment, infrastructure and technology that will drive innovation and generate economic benefits for the state.

Individual funding requests are capped at $500,000 or less from the Maine Technology Asset Fund 2.5 program.

Fund recipients in 2018 included Hyperlite Mountain Gear of Biddeford and Ohio-based paper maker Verso (NYSE: VRS). Hyperlite used its award of $177,640 to help purchase a CNC cutting machine and automated sewing machines, while Verso applied its $4 million award toward upgrading and converting equipment at its mill in Jay to enter the high-demand containerboard market. That allowed Verso to double production and add 120 new jobs at the facility, which it recently sold. Read more

Related Posts

Portland startup Marin Skincare launches lobster-based lip treatment

Portland startup Marin Skincare, known for its “lobster lotion,” is expanding that product line to include lip treatments.  Founded out of the University...

20 November 2023

UMaine scientists use eDNA to enhance river herring recovery research in Penobscot River

University of Maine researchers are seeking to gain more insight into river herring recovery in the Penobscot River using a novel...

16 November 2023

FocusMaine co-founder named group’s next president

Nearly a decade after Andrea Cianchette Maker joined forces with Michael Dubyak to launch FocusMaine, Maker will lead the organization as...

15 November 2023