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V O L . X X I I I N O. X X S E P T E M B E R 4 , 2 0 1 7 30 S TA R T U P S / E N T R E P R E N E U R S H I P F O C U S Maine lawyers working for Maine businesses. Por tland / Kennebunk • 207-775-7271 • 1-800-756-1166 • jbgh.com At Jensen Baird, our commitment is to you. Launching a new business in Maine calls for innovative legal strategies. At Jensen Baird we help emerging small businesses achieve their goals cost effectively. Let us help you find the right strategies for your business. 866.736.2804 mainebls.com EQUIPMENT REAL ESTATE BUSINESS ACQUISITION Maine Loans for Maine Businesses Loans from $50,000 to $20,000,000 Streamlined Process Gets Deals Done Quickly Decisions Made in Maine Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2017 C O M P I L E D B Y S T E P H A N I E R . M E A G H E R Amount awarded 1 Project title Type of award 2 Sector 1 Ocean Renewable Power Co. (ORPC) Maine LLC Portland $700,000 ORPC Bridge Loans Note Environmental technology 2 University of Maine Orono $500,000 Vision & Roadmap for Maine's Forest Sector Cluster Initiative Program Forestry & agriculture 3 Midcoast Regional Redevelopment Authority Brunswick $495,165 TechPlace Shared Composites Layup Room & Paint Booth Cluster Initiative Program Composite materials 4 University of Maine Orono $438,046 Smart Materials Lab Cluster Initiative Program Composite materials 5 WedgeRock Inc. Limerick $354,774 Mechanical Spring Return Operator (MSRO) Product Line Development Loan Precision manufacturing 6 Bangor Target Area Development Corp. Orono $344,312 Infrastructure Improvements to UpStart Center for Entrepreneurship Cluster Initiative Program Biotechnology 7 Spring Point Solutions LLC Portland $280,000 Quality Management Wizard Commercialization and Advanced Software Development Tech Start Grant, Seed Grant and Development Loan Information technology 8 Foundation for a Strong Maine Economy (Focus Maine) Augusta $269,600 Capturing the Opportunity in Biopharma and Enabling Growth of Maine's Aquaculture Cluster Cluster Initiative Program Biotechnology, aquaculture and marine