News

(From Renewable Energy Magazine) Portland-based Ocean Renewable Power Company (ORPC), develops renewable power systems that harness rivers and tidal currents. MTI has been a consistent funder and supporter of ORPC since its inception. Read more »

(From Mainebiz) Founder of Providentia Group and the nonprofit Alpha Legal Foundation, Krystal Williams discusses plans for a business incubator to help grow the number of BIPOC entrepreneurs in Maine, while at the same time creating profitable businesses which attract investors like MTI. Read more »

(From Mainebiz) As part of its Maine Seafood Marketing Initiative, Coastal Enterprises Inc. acquired competitive national seafood industry sales information and is sharing the data with Maine’s aquaculture and seafood industries. MTI provided a matching grant for the initiative. Read more »

(From Prapela.com) Biddeford-based, Prapela was awarded a $100,000 grant from MTI to help support its breakthrough medical device. The infant health company developed the device to improve treatment for neonatal opioid withdrawal syndrome (NOWS). Read more »

(From Nonahood News) Maine startup, KinoTek Inc. is expanding their reach to Florida and beyond. The company uses AI to analyze body movements which helps improve patient care. MTI, leAD Sports & Health Tech Partners, Tavistock Group, and independent angel investors provided funding. Read more »

(From Mainebiz) Lisbon-based, Springworks Farm plans to expand its organic lettuce and greens business. By increasing the greenhouse size, this aquaponics farm will have the ability to triple its output and positively impact Maine's economy. The company received a $300,000 grant for the project from MTI’s Maine Technology Asset Fund 2.5 program. Read more »

(From Bangor Daily News) A $500,000 grant program will help bolster Maine's clean energy sector. The Governor's Energy Office and MTI will make available grants to clean-energy startups to promote innovation and create jobs. Read more »

(From Avalara.com) Avalara, a tax compliance automation provider recently acquired operational assets from Portland-based company, DAVO Technologies LLC. DAVO Technologies has received funding and support from MTI. Read more »

(From Mainebiz) The Maine Center for Entrepreneurs (MCE) recently launched a bioscience cluster initiative which includes business incubators, accelerators and research partners dedicated to growing Maine's bioscience industry. MCE was awarded a $300,000 grant from MTI. Read more »

(From Mainebiz) Portland-based startup, MedRhythms Inc., is involved with a new clinical trial related to Parkinson's disease. The company uses music and artificial intelligence to help people with neurological injuries or diseases. Early support from MTI was instrumental in MedRhythms' growth and development. Read more »