Portland remote-work startup raises $2.1M to fund further growth

(From Mainebiz) Friday, a Portland-based developer of a communications platform for remote-work teams, recently raised $2.1 million in venture capital funding. The firm plans to use the funds for hiring, product development, sales and marketing and general costs. Friday received funding from MTI in prior years. Read more »

In Portland, MedRhythms and Roux Institute team up on research, talent development

(From Mainebiz) MedRhythms Inc., a Portland-based medical technology startup, is teaming up with Northeastern University's Roux Institute to generate strategic research collaborations, internships and cooperative work opportunities for Roux Institute graduate students. MedRhythms uses sensors, music and artificial intelligence to improve walking for people with neurological injuries or diseases. Read more »

For EBM Implant Manufacturer, Growth Is Built into the Plan

(From Additive Manufacturing) Amplify Additive, a six-employee startup founded in 2018 in Scarborough, Maine, focuses on additive manufacturing via electron beam melting (EBM) for the orthopedic implant industry. President, CEO and founder Brian McLaughlin recognizes that being ready to scale will be key to the success of his business. Read more »

Tech startups sought for Roux Institute residency program

(From Mainebiz) As Northeastern University's Roux Institute sets out to turn Portland into a technology and life sciences "innovation hub," the academic center is launching a residency program for startups focused on those and other areas. Applications are due before November 20. The program is set to formally kick off in January 2021. Read more »

Small businesses from Hancock, Washington counties vie for pitch-off prize

(From Mainebiz) Five small businesses from Hancock and Washington counties will pitch their plans for the chance to win up to $8,000 in cash and in-kind services. Organized by Coastal Enterprises Inc., the CEI Women’s Business Center and the Maine Small Business Development Center, the program aims to encourage, engage and create community for Downeast entrepreneurs. Read more »

Company plans biorefinery for zero-emission heating oil in Maine

(From Portland Press Herald) Biofine Developments Northeast Inc. of Bangor has formed a partnership with New Hampshire-based wholesale energy supplier Sprague Resources LP to help produce and market a patented biofuel. Independent testing indicates EL100 gives off zero greenhouse gas emissions. The company was awarded a $750,000 grant from MTI to support commercial development. Read more »