October 7, 2015 — The Maine Technology Institute has awarded grants totaling $92,414 to four Maine startups developing products in the aquaculture, information technology and building supply industries.
MTI, a state-backed agency that supports innovative companies, provided Business Accelerator Grants to the following companies:
• Acadia Harvest in Brunswick, developing a land-based aquaculture facility, received a grant of $49,975, which the company matched with $657,685 from other sources;
• Joseph Associates Inc., an information technology firm in Farmingdale, received $22,977, which the company matched with an equal amount;
• Revolution Research Inc., an Orono-based company started by two University of Maine 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.
Read the full story at the Kennebec Journal