20 May 2007
20 May 2007
The Maine Technology Institute (MTI) board of directors approved 19 seed grants to technology companies across Maine, 4 of which were in composites.
“Seed grants are often an entrepreneur’s first source of investment,” said Betsy Biemann, MTI president. “The early stage projects they fund can play a critical role in developing innovative products or services for the market.”
MTI seed grants of up to $12,500 are offered on a competitive basis to support early activities for product development, commercialization or business planning and development. A company may only be awarded up to a total of $25,000 in seed grants for a specific project. Each seed grant requires a 1:1 match consisting of actual cash, salaries, staff time or equipment directly attributable to the proposed project. Seed grants are awarded six times each year, and the following grants were awarded this time in the field of composite materials technology
Creative Thoughts Inc. in Biddeford will manufacture and test prototypes of a proprietary nursing bed which provides support for nursing babies and allows the infant to safely remain on the bed once they are asleep.
Fernald and Johnson of Phippsburg will assess composite material properties to identify those best suited for production of composite string instruments.
Grant Safety Products in Orrington will complete development and testing of its double shaft kayak paddle which eliminates the risk of wrist injury from overuse that is present with single shaft designs.
The University of Maine in Orono will evaluate the feasibility of institutionally financing the commercialization of advanced/secure composite technologies that have great potential for secure facilities as required by the corrections industry.