(From Mainebiz) Prapela Inc. is seeking federal regulatory clearance for use of a technology-enabled bassinet pad to treat newborns diagnosed with neonatal opioid withdrawal syndrome. MTI awarded funding to the Biddeford-based startup to help support its breakthrough medical device. Read more »
(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 »
(From Maine Startups Insider) Tanbark Molded Fiber Products aims to replace single-use plastic packaging with a sustainable option. Recently the Portland-based company raised $1.7 million in seed funding to fund its first phase of growth. MTI has worked closely with Tanbark on a number of projects. Read more »
(From Mainebiz) Headquartered in Portland, Finsulate makes antifouling technology for vessels and floating marine equipment. MTI supported Finsulate as one of the three Maine companies selected to participate the Cleantech Open Northeast accelerator last year. It is also a finalist in the 2022 Top Gun Showcase business-pitch contest. MTI will sponsor a $25,000 cash prize for the competition. Read more »
(From The Tech Tribune) The Tech Tribune staff recognized the very best tech startups in Portland, and the majority are MTI portfolio companies! Some of the factors considered were revenue potential, leadership team, brand/product traction, and competitive landscape. Read more »
(From Maine Startups Insider) Gorham Savings Bank has announced its LaunchPad small business competition finalists, including some MTI portfolio companies. On June 7, the founders will pitch their businesses and compete for cash prizes. Read more »
(From MaineStartupsInsider) MyHealthMath recently raised $3.5M to add support for ancillary insurance products like dental, vision, life, and long- and short-term disability. MTI has provided ongoing funding and support to the Portland-based company. Read more »
(From DownEast.com) Founder & President of American Unagi, Sara Rademaker dreams of diversifying Maine’s marine economy. She currently aims to grow fish on land, at scale, with recirculating aquaculture system (RAS) technology. The success of the Waldoboro-based company has been made possible in part by MTI. Read more »
(From Maine Startups Insider) MTI portfolio company, Circa, recently raised $2M to accelerate its growth in the residential rental industry. The Brunswick-based startup has built a mobile and web-based platform that uses flexible payments, credit reporting, and arrears planning to help people pay rent. Read more »
(From centralmaine.com) The Roux Institute’s Maine Start Summit was held recently, providing an opportunity for entrepreneurs to develop ideas, create prototypes and pitch them for prize money. One of MTI's Investment Officers, Tom Kittredge participated in the three-day event. Read more »