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X X I X 36 BO O K O F L I S T S 2 0 16 F I NA N C E Largest Maine Technology Institute investments Ranked by amount received per award, Fiscal Year 2015 Amount received 1 Project title Type of award 2 Sector 1 Elmet Technologies LLC Lewiston $1,000,000 Elmet Equity Investment Equity Capital Program Precision manufacturing technology 2 Rethink Packaging Auburn $520,000 Scale-up of Manufacturing with Limited Production Development Loan Precision manufacturing technology 3 Physical Apps LLC Hollis $499,200 Physical Activity with Smart Devices Development Loan Composite materials technology 4 University of Southern Maine Portland $496,174 Critical Infrastructure Protection Research and Operations Cluster Initiative Program Information technology 5 Maine Composites Alliance Portland $496,056 Composites Engineering Research Lab 2 Cluster Initiative Program Composite materials technology 6 Mingle Analytics LLC South Paris $343,299 PQRS Data Import and Analysis Automation Development Loan Information technology 7 Midcoast Regional Redevelopment Authority Brunswick $299,040 TechPlace - Shared Bio Lab and Tech Shop Space Cluster Initiative Program Biotechnology; composite materials technology; environmental technology; precision manufacturing 8 Blue Ox Malt House Lisbon Falls $250,000 Blue Ox Malthouse Pilot Plant Development Loan Advanced technologies for forestry and agriculture SeaChange Group LLC Brunswick $250,000 EHF (Eco-Hybrid Fuel) Refinement & Early Adopter Testing Development Loan Environmental technology 10 Maine Ocean and Wind Industry Initiative Portland $246,000 North Atlantic Ocean Energy and Resource Extraction Cluster Initiative Program Advanced technologies for forestry and agriculture; aquaculture and marine technology; composite materials 11 Joseph Associates Inc. Farmingdale $231,295 Product Development for ECOS Software Development Loan Environmental technology 12 Maine Textiles International LLC Biddeford $220,000 New Technology for Dyeing High Tenacity Yarn Development Loan Precision manufacturing technology 13 RockStep Solutions Inc. Bar Harbor $201,390 Novel Cloud Information Management Bundle Development Loan Information technology 1 MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. 2 The Maine Technology Institute invests public funds in Maine entrepreneurs and companies 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. MTI's Equity Capital program supports its grant and loan recipients as they advance their company to full commercialization and complements meaningful outside investment needed to carry the company to its next stage. The Development Award Program offers loans of up to $500,000 to support research and development of new products, processes or services leading to commercialization. MTI's Cluster Initiative Program (CIP) supports collaborative efforts in Maine's high-potential technology clusters that help spread knowledge and skills, build connections among businesses, connect businesses to research and service partners, and address common opportunities and challenges, leading to more vibrant economic growth and innovation This list was compiled by Roger Magnus and published in the Sept. 7, 2015, issue of Mainebiz. SOURCE: Maine Technology Institute Largest Maine Technology Institute investments Ranked by amount received per award, Fiscal Year 2015 Amount received 1 Project title Type of award 2 Sector 1 Elmet Technologies LLC Lewiston $1,000,000 Elmet Equity Investment Equity Capital Program Precision manufacturing technology 2 Rethink Packaging Auburn $520,000 Scale-up of Manufacturing with Limited Production Development Loan Precision manufacturing technology 3 Physical Apps LLC Hollis $499,200 Physical Activity with Smart Devices Development Loan Composite materials technology 4 University of Southern Maine Portland $496,174 Critical Infrastructure Protection Research and Operations Cluster Initiative Program Information technology 5 Maine Composites Alliance Portland $496,056 Composites Engineering Research Lab 2 Cluster Initiative Program Composite materials technology 6 Mingle Analytics LLC South Paris $343,299 PQRS Data Import and Analysis Automation Development Loan Information technology 7 Midcoast Regional Redevelopment Authority Brunswick $299,040 TechPlace - Shared Bio Lab and Tech Shop Space Cluster Initiative Program Biotechnology; composite materials technology; environmental technology; precision manufacturing 8 Blue Ox Malt House Lisbon Falls $250,000 Blue Ox Malthouse Pilot Plant Development Loan Advanced technologies for forestry and agriculture SeaChange Group LLC Brunswick $250,000 EHF (Eco-Hybrid Fuel) Refinement & Early Adopter Testing Development Loan Environmental technology 10 Maine Ocean and Wind Industry Initiative Portland $246,000 North Atlantic Ocean Energy and Resource Extraction Cluster Initiative Program Advanced technologies for forestry and agriculture; aquaculture and marine technology; composite materials 11 Joseph Associates Inc. Farmingdale $231,295 Product Development for ECOS Software Development Loan Environmental technology 12 Maine Textiles International LLC Biddeford $220,000 New Technology for Dyeing High Tenacity Yarn Development Loan Precision manufacturing technology 13 RockStep Solutions Inc. Bar Harbor $201,390 Novel Cloud Information Management Bundle Development Loan Information technology 1 MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. 2 The Maine Technology Institute invests public funds in Maine entrepreneurs and companies 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. MTI's Equity Capital program supports its grant and loan recipients as they advance their company to full commercialization and complements meaningful outside investment needed to carry the company to its next stage. The Development Award Program offers loans of up to $500,000 to support research and development of new products, processes or services leading to commercialization. MTI's Cluster Initiative Program (CIP) supports collaborative efforts in Maine's high-potential technology clusters that help spread knowledge and skills, build connections among businesses, connect businesses to research and service partners, and address common opportunities and challenges, leading to more vibrant economic growth and innovation This list was compiled by Roger Magnus and published in the Sept. 7, 2015, issue of Mainebiz. SOURCE: Maine Technology Institute Largest Maine Technology Institute investments Ranked by amount received per award, Fiscal Year 2015 Amount received 1 Project title Type of award 2 Sector 1 Elmet Technologies LLC Lewiston $1,000,000 Elmet Equity Investment Equity Capital Program Precision manufacturing technology 2 Rethink Packaging Auburn $520,000 Scale-up of Manufacturing with Limited Production Development Loan Precision manufacturing technology 3 Physical Apps LLC Hollis $499,200 Physical Activity with Smart Devices Development Loan Composite materials technology 4 University of Southern Maine Portland $496,174 Critical Infrastructure Protection Research and Operations Cluster Initiative Program Information technology 5 Maine Composites Alliance Portland $496,056 Composites Engineering Research Lab 2 Cluster Initiative Program Composite materials technology 6 Mingle Analytics LLC South Paris $343,299 PQRS Data Import and Analysis Automation Development Loan Information technology 7 Midcoast Regional Redevelopment Authority Brunswick $299,040 TechPlace - Shared Bio Lab and Tech Shop Space Cluster Initiative Program Biotechnology; composite materials technology; environmental technology; precision manufacturing 8 Blue Ox Malt House Lisbon Falls $250,000 Blue Ox Malthouse Pilot Plant Development Loan Advanced technologies for forestry and agriculture SeaChange Group LLC Brunswick $250,000 EHF (Eco-Hybrid Fuel) Refinement & Early Adopter Testing Development Loan Environmental technology 10 Maine Ocean and Wind Industry Initiative Portland $246,000 North Atlantic Ocean Energy and Resource Extraction Cluster Initiative Program Advanced technologies for forestry and agriculture; aquaculture and marine technology; composite materials 11 Joseph Associates Inc. Farmingdale $231,295 Product Development for ECOS Software Development Loan Environmental technology 12 Maine Textiles International LLC Biddeford $220,000 New Technology for Dyeing High Tenacity Yarn Development Loan Precision manufacturing technology 13 RockStep Solutions Inc. Bar Harbor $201,390 Novel Cloud Information Management Bundle Development Loan Information technology 1 MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. 2 The Maine Technology Institute invests public funds in Maine entrepreneurs and companies 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. MTI's Equity Capital program supports its grant and loan recipients as they advance their company to full commercialization and complements meaningful outside investment needed to carry the company to its next stage. The Development Award Program offers loans of up to $500,000 to support research and development of new products, processes or services leading to commercialization. MTI's Cluster Initiative Program (CIP) supports collaborative efforts in Maine's high-potential technology clusters that help spread knowledge and skills, build connections among businesses, connect businesses to research and service partners, and address common opportunities and challenges, leading to more vibrant economic growth and innovation This list was compiled by Roger Magnus and published in the Sept. 7, 2015, issue of Mainebiz. SOURCE: Maine Technology Institute