(From PR Newswire) SoulBeing recently announced its complementary and alternative services platform is now available through Walgreens Find Care®. The platform offers on-demand access to a network of health and wellness services designed to help patients manage their total wellbeing. MTI is an ongoing supporter of the Scarborough-based company. Read more »
(From Sun Journal) Known for decades as the maker of light bulb filament, Elmet Technologies is now key to the defense, aerospace and medical industries. Currently, Elmet has 170 employees and aims to grow to 225 quality jobs. Since 2015, MTI has made several vital awards to Elmet to help grow its R&D capacity, and preserve and grow its employment base and economic impact in Maine. Read more »
(From carbonstreaming.com) Carbon Streaming Corporation recently announced a carbon credit streaming agreement and associated royalty agreement with Standard Biocarbon Corporation for the construction of a biochar pyrolysis pilot facility in Enfield. MTI has provided ongoing support to bolster Standard Biocarbon's operations. Read more »
(From fastcompany.com) MTI portfolio company, Atlantic Sea Farms was recognized by Fast Company "for taking their consumers, their immediate communities, and the health of the planet into account" and modeling what other brands should strive to achieve. The Biddeford-based company specializes in fresh seaweed and kelp products. Read more »
(From Mainebiz) Troy Industrial Solutions was recently awarded $260K in funding through Phase One of MTI's PRIME program. The grant will help purchase a new high-tech cutting machine. The Brewer business provides electro-mechanical equipment diagnostics, repair, replacement, transportation, installation and training services to manufacturing, aggregate, agricultural, power generation, municipal and industrial clients throughout the Northeast. Read more »
(From Mainebiz) The 2022-23 edition of the business pitch competition, Greenlight Maine College Edition, is seeking contestants to find Maine's most promising student-led startups. The competition will kick off in November and conclude in the spring with a grand finale, in which three finalists will vie for the chance to win cash prizes. MTI is a Greenlight Maine supporter. Read more »
(From Mainebiz) MTI will administer $5M in grants to help organizations that support Maine’s startups and small businesses expand and create jobs. The PRIME Ecosystem Fund is part of the Maine Jobs & Recovery Plan and the application deadline is November 15, 2022. Read more »
(From Mainebiz) MTI portfolio company, Pumpspotting, has teamed up with Target to provide product recommendations and tips for new parents. The company is on track to exceed its business-to-business goals in 2022, and looks forward to forging additional strategic partnerships in the coming year to help scale the business. Read more »
(From CNN Business) bluShift Aerospace is working on sending rockets to space using bioderived, carbon-neutral fuel. The company gave CNN exclusive camera access to its third rocket engine test to demonstrate that the future of suborbital launches can be bio-powered. bluShift has received ongoing support from MTI. Read more »
(From Mainebiz) One of MTI's Senior Investment Officers, Tom Kittredge, shared insights on developing and refining technical services scopes of work across a variety of sectors and projects. He also provided expert guidance in a workshop co-hosted by MTI and ACE which focused on well-drafted contracts, consulting agreements and statements of work. Read more »