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V O L . X X V I I N O. X I X S E P T E M B E R 6 , 2 0 2 1 30 T H E L I S T C O M P I L E D B Y T I M O T H Y D O Y L E C O M P I L E D B Y T I M O T H Y D O Y L E Grow your business with the Union River Center for Innovation business incubator program! Learn more: unionriverinnovation.com · info@unionriverinnovation.com · 1-800-930-5313 · Community Lab · Business Coaching · Brainstorming Sessions · Dedicated workspace · Printing, mailing, and reception services · High-speed Internet · Collaborative, invigorating environment Many valuable assets, including: On the banks of the picturesque Union River in Ellsworth Maine with a focus on life sciences. Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2021 Amount awarded Project title Type of award Sector 1 The Roux Institute at Northeastern University Portland $750,000 Roux Institute venture creation & acceleration platform Grant Biotechnology 2 ImmuCell Corp. Portland $400,000 First Defense capacity expansion and Re-Tain FDA approval and launch Loan Biotechnology Standard Biocarbon Corp. East Millinocket $400,000 Standard Biocarbon East Millinocket plant Loan Biotechnology 4 Eastport Port Authority Eastport $307,500 Shipboard phytosanitation system to capture European export opportunities MTAF2.5 Grant Aquaculture & Marine STARC Systems Inc. Brunswick $307,500 Becoming the leader in infection isolation containment MTAF2.5 Grant Precision Manufacturing 6 ATX Advisory LLC Biddeford $300,000 Caliper - business analytics as a service Loan Aquaculture & Marine bluShift Aerospace, Inc. Brunswick $300,000 Development of Starless Rogue - the first sub-orbital space launch vehicle powered by biofuel Loan Composite Materials Gulf of Maine Research Institute Portland $300,000 GRMI Ventures EDA build to scale Application: matching funds required Loan Aquaculture & Marine Springworks Farm Maine, Inc. Lisbon $300,000 Springworks greenhouse development MTAF2.5 Grant Forestry & Agriculture Twin Rivers Paper Co. LLC Madawaska $300,000 Modernization of Paper Mill 7 MTAF2.5 Grant Forestry & Agriculture 11 Acadian Composite Materials, Inc. Portland $280,000 Fabricating sustainable structural insulated panels (SIPs) from recycled polyethylene terephthalate (PET) from single- use beverage bottles in Aroostook County Bond/ Grant Composite Materials 12 American Unagi LLC Thomaston $175,000 Expanding value-added capabilities MTAF2.5 Grant Aquaculture & Marine Junora LTD Biddeford $175,000 Junora round B funding opportunity Convertible Note Precision Manufacturing Notes: MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. The Maine Technology Institute invests public funds in Maine entrepreneurs and organizations who engage technology to develop innovative products and services within the state's seven targeted technology sectors. Grants, loans and equity investments are issued on a competitive basis and require a minimum of one-to-one private sector match. The goals are high-paying jobs, development of intellectual property and business growth, which in turn provide tax revenue for the state. This list was compiled by Timothy Doyle. SOURCE: Maine Technology Institute N O T E S : MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. The Maine Technology Institute invests public funds in Maine entrepreneurs and organizations who engage technology to develop innovative products and services within the state's seven targeted technology sectors. Grants, loans and equity investments are issued on a competitive basis and require a minimum of one-to-one private sector match. The goals are high-paying jobs, development of intellectual property and business growth, which in turn provide tax revenue for the state. S O U R C E : Maine Technology Institute Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2021