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W W W. M A I N E B I Z . B I Z 31 S E P T E M B E R 4 , 2 0 1 7 F O C U S S TA R T U P S / E N T R E P R E N E U R S H I P Financing that fuels progress for all. Local lender and national leader in rural business development To work with us or apply for a loan, call 207-504-5900 or visit CEI has committed millions of dollars to growing good jobs, supporting environmental sustainability and creating shared prosperity in Maine and across the country since 1977. For more information or to register: www.mainebiz.biz/OTRBarHarbor www.mainebiz.biz/OTRBarHarbor www.mainebiz.biz/OTRBarHarbor BAR HARBOR BAR HARBOR BAR HARBOR September 28 | 5–7pm | Harborside Hotel Harborside Hotel Harborside Hotel Harborside Hotel Harborside Hotel AT TENDANCE IS FREE BUT SPACE IS LIMITED! Please be sure to register ahead. Let Mainebiz help you build your professional network! Join us as we make our fifth stop at the On the Road event series in Bar Harbor. This free event is a great forum to put a face with a name as well as make new business connections. Free admission Cash bar Complimentary hors d'oeuvres PR ES ENTI NG S PONS OR FOLLOW US @MBEVENTS #OTRBarHarbor17 R EGI ONAL S PONS OR S 1 MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not refl ect 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. N O T E : 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. S O U R C E : Maine Technology Institute 9 MedRhythms Inc. Portland $253,700 MedRhythms Pulse and Deep Learning Analytics Engine for Parkinson's Patient Gait Training Development Loan and Phase Zero Grant Information technology 10 Accelera Inc. Biddeford $250,000 SRS Ankle Sleeve Development Development Loan Biotechnology Advanced Concepts & Engineering LLC Gorham $250,000 ACE Auto-Grade Beta to Commercialization Development Loan Precision manufacturing Born Global LLC Portland $250,000 Stored Solar Sites: West Enfield & Jonesboro Redevelopment Note Environmental technology GlycoPure Inc. Cambridge $250,000 Biological Conversion of Chitin to Glucosamine Development Loan Biotechnology MyHealthMath LLC Portland $250,000 MyHealthMath Development Loan Information technology 15 Field Phyto Nutrients LLC Brunswick $203,062 Yield Optimization Parameter Development for Pilot Plant Planning Development Loan Aquaculture & marine Amount awarded 1 Project title Type of award 2 Sector