Four Maine companies won grants from the Maine Technology Institute totaling more than $70,000 in January, the organization announced Tuesday.

The largest award, $50,000, was a grant to Peregrine Turbine Technologies in Wiscasset. The business accelerator grant is aimed at startup or early stage companies that have been awarded MTI development loans and have been awarded federal research and development grants. The award requires a investment of cash or in-kind match of more than $1.4 million from the company.

Also awarded a business accelerator grant was RM Beaumont Corp. in Topsham, which received a grant of $14,964 and will require a match of $224,999.

Optimum Imagining Diagnostics in Scarborough was awarded a $1,200 TechStart grant, designed for entrepreneurs and companies in Maine working on innovative new products or services. The grant requires a match of $2,380.

And Compotech in Brewer was awarded a $5,000 Phase O KickStarter grant which will require a $5,020 match. The grants are for companies seeking to win federal funding awards.

MTI is a publicly financed, private nonprofit organization created in 1999 to stimulate research and development activity in the state. It offers loans, grants and equity investments for the commercialization of new products, processes or services in seven Maine technology sectors.

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