Companies with UMaine ties awarded MTI grants, Press Herald reports

The Portland Press Herald reported two companies with ties to the University of Maine were among four Maine startups to be awarded a grant from the Maine Technology Institute. MTI, a state-backed agency that supports innovative companies, provided Business Accelerator Grants worth $92,414 to companies developing products in the aquaculture, information technology and building supply industries, according to the article. Acadia Harvest in Brunswick, received a grant of $49,975, which the company matched with $657,685 from other sources. The commercial land-based, indoor fish farm is partnering with UMaine and its Center for Cooperative Aquaculture Research on an $8 million project to raise black sea bass and California yellowtail. Revolution Research Inc., an Orono-based company started by two UMaine students that is developing new insulation products for the building supply industry, received $15,000, which the company matched with a $224,996 investment raised from other sources, the article states.