WASHINGTON, D.C. — Three grants from the Economic Development Association have been awarded for Maine’s small business innovation, totaling $1,412,525.
The grants, per a news release, will support startup, creation, innovation, and commercialization in a range of fields, from bioscience to agriculture to technology.
Details of the grants are available below:
Maine Center for Enterprise Development, Maine Bioscience Cluster Initiative ($512,556): This EDA investment funds the Maine Bioscience Cluster Initiative, to support the growth and success of Maine's bioscience industry from idea initiation, through startup, initial funding, and talent development.
Central Maine Growth Council, Dirigo Labs: Fostering Innovation and Collaboratively Supporting Maine-based Entrepreneurs ($599,969): This EDA investment funds the Dirigo Labs: Fostering Innovation and Collaboratively Supporting Maine-based Entrepreneurs, to stimulate the establishment and growth of technology-based start-ups in mid-Maine, focusing on Maine-based, high-growth industry sectors including: bioeconomy, information technology, financial services, and innovation within Maine's legacy industries of precision manufacturing and blue economy, which extends to emerging environmental technologies in marine and aquaculture clusters.
Coastal Enterprises, Inc. (CEI), The Catalyst Fund: Early Equity Capital to Grow Maine's Food Economy ($300,000): This EDA investment funds the Catalyst Fund: Early Equity Capital to Grow Maine's Food Economy, to provide innovative, early stage equity capital to food system businesses with the potential for high growth, job creation, and positive environmental and social impacts.