MTI approves grant applications of companies with ties to UMaine
The Maine Technology Institute (MTI) approved seven new grant applications in August, two of them to companies with ties to the University of Maine.
According to an MTI news release, Sea & Reef Aquaculture based at UMaine’s Center Cooperative Aquaculture Research (CCAR) in Franklin, was awarded a $9,140 Business Accelerator Grant; and Alba-Technic, based in Winthrop, received $4,990 in MTI funding. Alba-Technic head protection prototypes will be tested by UMaine prior to sales in the medical device marketplace.
MTI also reported that another CCAR business collaborator, Acadia Harvest Inc., closed a $700,000 financing award.