(From Mainebiz) Over 250 people from around the world are scheduled to attend Seagriculture USA, which will be held in Portland on September 6 & 7. The international seaweed innovation conference explores the potential of seaweed as a food source, bioplastic, medicine and sustainable model of economic development. MTI is an Exclusive Event Sponsor. Read more »
(From Mainebiz) Ocean’s Balance, a producer of edible seaweed products, has partnered with Aqua Veggies Ltd. of Grand Manan, New Brunswick, a large-scale supplier of seaweed for raw food distributors, vitamin manufacturers, pet food manufacturers and retailers. The goal for Ocean’s Balance is to expand its product offerings. MTI provided the Biddeford-based company with early-stage support. Read more »
(From Sun Journal) Entrepreneurship for All (EforAll) Maine plans to host its All Ideas Pitch Contest to help early-stage entrepreneurs gain valuable exposure and feedback on their business ideas, network with others and compete for a cash prize to help fund their dreams. Contest applications are due by noon on September 13. MTI is the lead sponsor of EforAll. Read more »
(From Bangor Daily News) MTI portfolio company, Sea Bags takes old sails destined for the trash heap and turns them into durable products. Despite more than $20 million in sales each year and its multi-state footprint, every item the Portland-based company sells is handcrafted. Read more »
(From Maine Public) Fourteen Maine businesses have been named to the 42nd annual Inc. 5000 list of America’s fastest-growing companies. MTI is pleased that a number of our portfolio companies made the prestigious list including: Compotech, VETRO, ATX Advisory Services, SaviLinx, and Tilson Technology Management. Congratulations to all! Read more »
(From Credit Union National Association) CUNA Strategic Services recently announced its new alliance with MTI portfolio company, Constant AI. Based in Maine, Constant AI is a SaaS company specializing in consumer loan servicing, loss mitigation automation and member self-service. This collaboration aims to help credit unions reduce servicing costs and generate new revenue within the servicing experience. Read more »
(From Newswire) MTI portfolio company, MyHealthMath, recently announced its merger with Sherpa to form a new entity, HYKE. This merger combines Sherpa's international Life and P&C insurance engagement platform with MyHealthMath's deep experience in the U.S. health benefits market, creating a groundbreaking global company with expertise in the full lifecycle of consumer insurance purchasing decisions. Read more »
(From News Center Maine) The Island Institute, in partnership with Pendleton Yacht Yard and Flux Marine, recently launched the first electric workboat. Maine's working waterfronts aim utilize all-electric outboard motors for small boats used by harbormasters and aquaculture farms. The Island Institute's efforts are supported by PRIME Ecosystem funding, administered by MTI. Read more »
(From The Times Record) Sponsored in part by MTI, Mainebiz will host its annual Small Business Forum on August 22. The event is geared toward helping entrepreneurs succeed. A panel of experts will explore challenges facing startups and small businesses. This year's topic will be “Sustainability For Your Business: People, Profit, and Planet.” Read more »
(From Maine Public) TimberHP, the first company in North America to offer wood fiber insulation, recently celebrated the start of production with a ribbon-cutting ceremony at its headquarters in Madison. The company aims to support Maine's forest products industry by producing a sustainable product. MTI has been an important funding source for the company. Read more »