Lyman-Morse teams with Silicon Valley startup to build electric powerboat

(From Mainebiz) Custom yacht builder, Lyman-Morse Boatbuilding, has partnered with a San Francisco business to build an all-electric vessel. Investments and support from MTI have helped the Thomaston-based company modernize its fabrication workshop, test new construction methods, reduce waste, and increase the efficiency of boatbuilding operations. Read more »

MedRhythms adds $2M and new investors to VC funding round

(From Mainebiz) Digital health startup, MedRhythms, has added $2M from investors Global Brain and Bose Ventures to its latest round of venture capital funding. The additional funding brings the total to $27M and will be used to accelerate development of the digital therapeutics pipeline. MTI played a significant role in the growth and development of the Portland-based company. Read more »

Thomas College to host statewide business pitch competition

(From On November 19, as part of the 5th Annual Central Maine Converge and Create Weekend, one of MTI’s Investment Officers, Tom Kittredge will serve as an industry expert on the panel entitled, “What role does an ecosystem, assistance and funding play in a Startup?” hosted by the Harold Alfond Institute for Business Innovation. Read more »

Nearpeer helps students form close connections

(From Community College Daily) Nearpeer's social media app is designed to help college students make connections based on common interests. The app can be especially useful for nontraditional students juggling work, family and school. The Portland-based company received early-stage funding as well as ongoing support from MTI as Nearpeer grows and delivers their game-changing solutions to aspiring students across the U.S. Read more »