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V O L . X X I N O. X X S E P T E M B E R 7 , 2 0 1 5 36 S TA R T U P / E N T R E P R E N E U R S H I P F O C U S Find out why businesses are choosing Managed Services from BEK Inc. over the old, flawed method of "hoping" something doesn't break, and then overpaying to fix it. 207.729.7600 | www.bekinc.net Your Custom IT Resource Hope is not a strategy Fewer technology problems Fewer technology problems No nickel-and-diming No nickel-and-diming A business that understands yours Largest Maine Technology Institute investments Ranked by amount received per award, Fiscal Year 2015 1 Elmet Technologies LLC Lewiston 2 Rethink Packaging Auburn 3 Physical Apps LLC Hollis 4 University of Southern Maine Portland 5 Maine Composites Alliance Portland 6 Mingle Analytics LLC South Paris 7 Midcoast Regional Redevelopment Authority Brunswick 8 Blue Ox Malt House Lisbon Falls SeaChange Group LLC Brunswick 10 Maine Ocean and Wind Industry Initiative Portland 11 Joseph Associates Inc. Farmingdale 12 Maine Textiles International LLC Biddeford 13 RockStep Solutions Inc. Bar Harbor 14 University of Maine Orono 15 Double Blue Sports Analytics,Inc. Orono 16 DAVO Technologies LLC Portland 17 Cerahelix Inc. Orono 18 Niche Diagnostics LLC Gorham 19 Northern Tack LLC Alexander Amount received 1 $1,000,000 $520,000 $499,200 $496,174 $496,056 $343,299 $299,040 $250,000 $250,000 $246,000 $231,295 $220,000 $201,390 $179,000 $175,000 $156,165 $150,000 $149,900 $141,878 Project title Elmet Equity Investment Scale-up of Manufacturing with Limited Production Physical Activity with Smart Devices Critical Infrastructure Protection Research and Operations Composites Engineering Research Lab 2 PQRS Data Import and Analysis Automation TechPlace - Shared Bio Lab and Tech Shop Space Blue Ox Malthouse Pilot Plant EHF (Eco-Hybrid Fuel)Renement & Early Adopter Testing North Atlantic Ocean Energy and Resource Extraction Product Development for ECOS Software New Technology for Dyeing High Tenacity Yarn Novel Cloud Information Management Bundle Saving the Old Town Pilot Plant to Help the Sustainable Forests and Forest-Based Economy Cluster Team Review System Development Integrated Sales Tax Solution Pilot Production and Trials Niche Clinical Laboratory and Reagent Development Northern Tack LLC eFit System Type of award 2 Equity Capital Program Development Loan Development Loan Cluster Initiative Program Cluster Initiative Program Development Loan Cluster Initiative Program Development Loan Development Loan Cluster Initiative Program Development Loan Development Loan Development Loan Cluster Initiative Program Development Loan Development Loan Development Loan Development Loan Development Loan Sector Precision manufacturing technology Precision manufacturing technology Composite materials technology Information technology Composite materials technology Information technology Biotechnology; composite materials technology; environmental technology; precision manufacturing Advanced technologies for forestry and agriculture Environmental technology Advanced technologies for forestry and agriculture; aquaculture and marine technology; composite materials Environmental technology Precision manufacturing technology Information technology Advanced technologies for forestry and agriculture Information technology Information technology Environmental technology Biotechnology Information technology Largest Maine Technology Institute investments Ranked by amount received per award, Fiscal Year 2015