$15M in state grants awarded to bolster Maine seafood dealers, processors

(From Mainebiz) Seafood dealers and processors received over $15 million in new grants from the state to help increase the supply of Maine-harvested seafood, strengthen the companies’ ability to deliver to markets, and adds jobs throughout the seafood industry. Businesses in every coastal county received awards. MTI administered the program on behalf of the Maine Department of Marine Resources. Read more »

Maine rocket company finds new host town for launch operations

(From Maine Public) Maine rocket company, bluShift Aerospace announced the Down East community of Steuben will host some of its operations, including offshore launches. The company plans to do some rocket manufacturing, as well as set up a "mission control" in town. MTI has provided bluShift Aerospace with ongoing support. Read more »

Biogen and MedRhythms to Develop and Commercialize a Prescription Digital Therapeutic Targeting the Treatment of Gait Deficits in Multiple Sclerosis

(From businesswire.com) MedRhythms has entered into a license agreement with Biogen Inc. to develop and commercialize an investigational prescription digital therapeutic for the potential treatment of gait deficits in multiple sclerosis. As part of the agreement, MedRhythms will receive a $3M upfront payment. MTI played a significant role in the growth and development of the Portland-based company. Read more »

Kinotek names IDEXX, Covetrus veteran as new CEO

(From Maine Startups Insider) Kinotek developed a digital health platform which uses motion capture technology and data visualizations to assist medical and fitness professionals. The startup recently named Patricia Panaia, as its new CEO. MTI provided early-stage funding to the Portland-based company. Read more »