(From News Center Maine) Marin Skincare has developed a cream from lobster waste that helps repair the skin barrier affected by psoriasis, shingles, sunburns, and even the rash caused by the browntail moth caterpillar. MTI provided the startup with initial funding and support. Read more »
(From Mainebiz) OpBox, Nobleboro-based startup that designs and builds modular, eco-friendly pop-up spaces for retailing and other uses, was awarded $25,000 as the winner of "Greenlight Maine" Season 7. Three finalists made their pitches to a panel of judges - including one of MTI's Investment Officers, Bianca Kowal. Read more »
(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 »
(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 »
(From Mainebiz) Ocean Renewable Power Co. (ORPC), the Portland-based developer of renewable power systems that generate electricity from river and tidal currents, plans to install a new power system in Chile. MTI has been a consistent funder and supporter of ORPC since its inception. Read more »
(From Bangor Daily News) Vertical Air-Breathing Launch Technology (VALT), headquartered in Presque Isle, aims to advance space engineering in Maine and create technology-based jobs for local young people. MTI provided grant funding to the company. Read more »
(From Mainebiz) Dirigo Labs awarded bluShift Aerospace $25,000 and a year's membership at the Bricks Coworking & Innovation Space for taking the top spot in the Waterville accelerator's first business pitch-off contest. MTI has provided bluShift Aerospace with ongoing support. Read more »
(From Mainebiz) As part of the Roux Institute Founder Residency program, five entrepreneurs -- including an MTI portfolio company -- and their startups in high-growth technology fields will each receive a $25,000 grant. The new program participants will take up residency beginning in July. Read more »
(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 »
(From Mainebiz) MTI portfolio company, Atlantic Sea Farms represented Maine and the "blue economy" at the World Economic Forum's annual meeting in Davos, Switzerland. The company's CEO, Briana Warner shared how Atlantic Sea Farms' business model and products are driving positive change for people and the planet. Read more »