(From Mainebiz) Alakazam developed technology which creates virtual worlds, avatars, spatial audio and event environments. MTI's President, Brian Whitney, remarked that the company has potential to "be a marvelous success story for our state." MTI is an investor in the Portland-based startup. Read more »
(From Bangor Daily News) MTI portfolio company, Nyle Systems will receive $6M from an environmental investment firm to open a new factory in Bangor, producing heat pump water heaters. The expansion is expected to bring approximately 200 new jobs to the region. Read more »
(From Composites World) Compotech Inc. has been recognized as one of the top 12 Composites shops in the world based on benchmark production and operations metrics. President of the Brewer-based business, Paul Melrose stated, “We could not have accomplished this impressive achievement without the strong support we received from the MTI team.” Congratulations! Read more »
(From Mainebiz) Tootie's Tempeh uses an innovative, sustainable production method and is selling its soy-based product at 50 stores across Maine and Massachusetts with national expansion in mind. The Biddeford-based startup recently received a grant from MTI to scale up its proprietary fermentation equipment. Read more »
(From Mainebiz) The Small Wins Dashboard app generates evidence of progress toward organizational goals as well as team momentum. Organizations in Maine and across the nation are utilizing the goal-tracking learning tool. The Portland-based company received funding and support from MTI for app development. Read more »
(From Voice of America) MTI portfolio company, Atlantic Sea Farms, was recently featured in a video spotlighting how Maine is on the forefront of seaweed aquaculture, sustainability, and planetary health. The company continues to take a leading role in building a more resilient future through the exploration and development of kelp farming. Read more »
(From Mainebiz) The city of Worcester, Massachusetts, selected Hussey Seating Company to replace all the arena seating at the DCU Center. The project will cost approximately $7M. MTI provided support to the North Berwick-based company through the Maine Technology Asset Fund 2.0. Read more »
(From Mainebiz) Brunswick-based, bluShift Aerospace has joined nine other businesses in a global Decarbonization Accelerator program designed to address climate change by reducing CO2 emissions across multiple industries. The program is expected to help bluShift scale its vision of developing the space tech ecosystem while ensuring principles of sustainability. bluShift is an MTI portfolio company. Read more »
(From Lawn & Garden Retailer) MTI portfolio company, Johnny's Selected Seeds is celebrating 50 years of expanding boundaries and working at the forefront of innovation. The Albion-based business has grown into an employee-owned national and international multichannel retailer that employs over 250 full-time and more than 100 seasonal employees. Congratulations on this remarkable milestone! Read more »
(From The Packer) Lisbon-based, Springworks Farm recently received $22M in equity and debt. The funds will be used for construction of the company's fourth and largest greenhouse, adding 120,000 square feet of production area. MTI has provided funding and support to the organic aquaponic greenhouse business. Read more »