(From Portland Press Herald) Belfast-based, GO Lab Inc. is preparing to launch a wood fiber insulation manufacturing operation at the former Madison mill, employing approximately 120 people. Funding sources include MTI, CEI, FAME, and private investors. Read more »
(From Mainebiz) Caron Engineering announced a partnership with Nashua, N.H., startup Datanomix. Caron develops advanced sensor and monitoring technology for CNC machines that interface with controls to automate manufacturing processes. The Wells-based company received early-stage funding as well as ongoing support from MTI. Read more »
(From News Center Maine) MTI will administer $20 million in federal funds to forestry businesses as part of the Maine Jobs and Recovery Plan. Read more »
(From Mainebiz) Origin Holdings LLC manufactures energy drinks and nutritional supplements. Recently the company acquired 100 acres with an eye toward expanding factory operations and building visitor amenities. The Farmington-based company was awarded early-stage funding from MTI. Read more »
(From centralmaine.com) 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 »
(From Times Record) Lisbon-based Springworks Farm recently became an exclusive provider of romaine lettuce heads to Hannaford supermarkets in Maine, New Hampshire and Massachusetts. MTI provided the company with support to boost growth and development. Read more »
(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 »
(From CSRWire) Standard Biocarbon recently secured $2 million in financing from MTI, FAME, and CEI to purchase equipment for producing high quality biochar at the former site of the Great Northern Paper mill in East Millinocket. Read more »
(From Maine Outdoor Brands) Outdoor recreation Maine-based startups SledTRX, Tree Free Fire, and Tidal-Bore received funding from MTI to advance product development. Each startup is a graduate of the Waterville-based Tortoise Labs product design course. Read more »
(From Maine Public) bluShift Aerospace has found an island off the coast of Washington County, Maine from which to launch its second rocket called "Starless Rogue." MTI has been on ongoing supporter of the Brunswick-based company. Read more »