A Brunswick firm will use nearly a quarter million dollars in state funding to study aquaculture processes on the Maine coast.
The award is part of what Maine Technology Institute said is $1.5 million it awarded to 28 state-based companies working to develop technology based products and services in aquaculture, marine technology, forestry, agriculture and precision manufacturing.
The MTI funding is to be matched by more than $2.5 million from the recipients.
In total, MTI said it awarded $56,851 in TechStart grants, $170,227 in seed grants, $1.2 million in development loans and $29,999 in business accelerator grants.
Among Mid-coast winners, funding went to:
— RAS Corporation for its proposal to culture fish in a recirculating aquaculture system on a waterfront site in Maine, with five possible sites under consideration. Prior to going full-scale, a proposed 12- month pilot plant will take advantage of the Center for Cooperative Aquaculture business incubation facilities in Franklin. Award: $249,491. Match: $312,003
— Eldertide LLC in Dresden for branding and marketing elderberries. Award: $5,000. Match: $5,240.
— Full Circle America L3C in Damariscotta to conduct market research on five specific market opportunities for its Video Monitoring and Coordinated Care Platform. Award: $5,000 Match: $8,100
— Peregrine Turbine Technologies LLC in Wiscasset for its Improved Efficiency Gas Turbine Powerplant that can be operated on a variety of fuels including diesel fuel, natural gas, propane, syngas and others. Award: $5,000. Match: $13,000.
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