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V O L . X X I I N O. X X I X 44 BO O K O F L I S T S 2 0 17 F I NA N C E Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2016 Amount received 1 Project title Type of award 2 Sector 1 Mingle Analytics LLC South Paris $500,000 Automated Data Acquisition: PQRS Solutions Development Loan Information technology 2 Gulf of Maine Research Institute Portland $398,306 Sustainable Seafood Cluster Initiative Cluster Initiative Program Marine ecosystem research 3 Forager1 LLC Portland $374,455 Forager1 LLC Development Loan Computer software 4 Likeable Local Inc. Portland $254,884 Likeable Local Development Loan Media marketing software 5 Abierto Networks LLC Eliot $249,996 Site-Responsive Dynamic Content Engine Development Loan Information technology 6 CryptoMedix LLC Harpswell $237,441 Novel Cancer Bio-Therapeutic Development Development Loan Biotechnology; therapeutic biologics 7 Count and Crush LLC South Portland $225,000 CLYNK scanning/processing technology innovation Development Loan Environmental technology 8 DAVO Technologies LLC Portland $200,000 DAVO Sales Tax Auto-Filer Development Loan Information technology Maine Accelerates Growth Brunswick $200,000 MxG Challenge Grant Cluster Initiative Program Finance; entrepreneurship 10 Coastal Enterprises Inc. Brunswick $134,189 Maine Scallop Aquaculture Project Cluster Initiative Program Aquaculture and marine technology 11 City of Ellsworth Ellsworth $126,270 Union River Center for Innovation Implementation Cluster Initiative Program Municipal government 12 Starc Systems LLC Brunswick $107,400 Generation 2 New Product Development Development Loan Construction; containment wall 13 Pika Energy LLC Westbrook $100,000 Pika Energy Equity Capital Request Equity Capital Fund Environmental technology 14 Cerahelix Inc. Orono $75,000 Series A Investment Equity Capital Fund Environmental technology 15 Genextropy Inc. Hanover, NH $70,000 BHB restructuring Equity Capital Fund Biotechnology; genetic testing 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 Stephanie R. Meagher and published in the Sept. 5, 2016 issue of Mainebiz. SOURCE: Maine Technology Institute Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2016 Amount received 1 Project title Type of award 2 Sector 1 Mingle Analytics LLC South Paris $500,000 Automated Data Acquisition: PQRS Solutions Development Loan Information technology 2 Gulf of Maine Research Institute Portland $398,306 Sustainable Seafood Cluster Initiative Cluster Initiative Program Marine ecosystem research 3 Forager1 LLC Portland $374,455 Forager1 LLC Development Loan Computer software 4 Likeable Local Inc. Portland $254,884 Likeable Local Development Loan Media marketing software 5 Abierto Networks LLC Eliot $249,996 Site-Responsive Dynamic Content Engine Development Loan Information technology 6 CryptoMedix LLC Harpswell $237,441 Novel Cancer Bio-Therapeutic Development Development Loan Biotechnology; therapeutic biologics 7 Count and Crush LLC South Portland $225,000 CLYNK scanning/processing technology innovation Development Loan Environmental technology 8 DAVO Technologies LLC Portland $200,000 DAVO Sales Tax Auto-Filer Development Loan Information technology Maine Accelerates Growth Brunswick $200,000 MxG Challenge Grant Cluster Initiative Program Finance; entrepreneurship 10 Coastal Enterprises Inc. Brunswick $134,189 Maine Scallop Aquaculture Project Cluster Initiative Program Aquaculture and marine technology 11 City of Ellsworth Ellsworth $126,270 Union River Center for Innovation Implementation Cluster Initiative Program Municipal government 12 Starc Systems LLC Brunswick $107,400 Generation 2 New Product Development Development Loan Construction; containment wall 13 Pika Energy LLC Westbrook $100,000 Pika Energy Equity Capital Request Equity Capital Fund Environmental technology 14 Cerahelix Inc. Orono $75,000 Series A Investment Equity Capital Fund Environmental technology 15 Genextropy Inc. Hanover, NH $70,000 BHB restructuring Equity Capital Fund Biotechnology; genetic testing 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 Stephanie R. Meagher and published in the Sept. 5, 2016 issue of Mainebiz. SOURCE: Maine Technology Institute Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2016 Amount received 1 Project title Type of award 2 Sector 1 Mingle Analytics LLC South Paris $500,000 Automated Data Acquisition: PQRS Solutions Development Loan Information technology 2 Gulf of Maine Research Institute Portland $398,306 Sustainable Seafood Cluster Initiative Cluster Initiative Program Marine ecosystem research 3 Forager1 LLC Portland $374,455 Forager1 LLC Development Loan Computer software 4 Likeable Local Inc. Portland $254,884 Likeable Local Development Loan Media marketing software 5 Abierto Networks LLC Eliot $249,996 Site-Responsive Dynamic Content Engine Development Loan Information technology 6 CryptoMedix LLC Harpswell $237,441 Novel Cancer Bio-Therapeutic Development Development Loan Biotechnology; therapeutic biologics 7 Count and Crush LLC South Portland $225,000 CLYNK scanning/processing technology innovation Development Loan Environmental technology 8 DAVO Technologies LLC Portland $200,000 DAVO Sales Tax Auto-Filer Development Loan Information technology Maine Accelerates Growth Brunswick $200,000 MxG Challenge Grant Cluster Initiative Program Finance; entrepreneurship 10 Coastal Enterprises Inc. Brunswick $134,189 Maine Scallop Aquaculture Project Cluster Initiative Program Aquaculture and marine technology 11 City of Ellsworth Ellsworth $126,270 Union River Center for Innovation Implementation Cluster Initiative Program Municipal government 12 Starc Systems LLC Brunswick $107,400 Generation 2 New Product Development Development Loan Construction; containment wall 13 Pika Energy LLC Westbrook $100,000 Pika Energy Equity Capital Request Equity Capital Fund Environmental technology 14 Cerahelix Inc. Orono $75,000 Series A Investment Equity Capital Fund Environmental technology 15 Genextropy Inc. Hanover, NH $70,000 BHB restructuring Equity Capital Fund Biotechnology; genetic testing 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 Stephanie R. Meagher and published in the Sept. 5, 2016 issue of Mainebiz. SOURCE: Maine Technology Institute