RUMFORD – A business lunch and learn seminar will be held from 11:30 a.m. to 1 p.m. Wednesday, May 19, at the River Valley Business Resource Center, 34 River St. The cost is $8 and includes lunch. Pre-registration is required by calling Beverly at 369-0396 or e-mailing [email protected] by Friday, May 14.

The topic of the fifth in a six-session series will be on Maine Technology Institute Seed Grants. Elizabeth Crabtree, seed grant specialist at the institute, will be the presenter, explaining the grant process.

Grants are intended to provide quick financing for individuals, businesses or research laboratories for specific small projects leading to the commercialization of new products or services in the state’s targeted technology sectors.Since 2001, MTI has funded 264 seed grants totaling $2.4 million. The grants will support technical or consulting assistance leading to a development award application, a full proposal for a Small Business Innovation Research award and other federal awards, investment presentation or other commercialization application.

Seed grants may also be used to support specific small projects leading to new product or service commercialization, such as proof-of-concept work, prototype development, pilot studies, intellectual property filings, business plan development, market analysis or activities occurring between SBIR Phase I and Phase II award projects.

The Lunch and Learn seminars are intended to provide information to businesses in an affordable way. Business can gather resources and information for long-term success. In addition, the seminars are intended to facilitate networking among businesses in similar activities.

The series is sponsored by the River Valley Technology Center, the River Valley Growth Council and the River Valley Chamber of Commerce. They are planning another series.


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