Rocket-maker bluShift to crowd-fund next capital round

(From Mainebiz) For its next round of capital, Brunswick-based startup, bluShift Aerospace is turning to "crowd equity funding," rather than conventional venture capital and angel investment. MTI provided early financial support for the company, as well as guidance in navigating federal funding programs. Read more »

Oyster culture: newest frontier in agribusiness

(From Aquaculture North America) Located in Waldoboro, Maine Shellfish Developers is pioneering a non-coastal system to grow Eastern oysters year-round using recirculating aquaculture systems technology. The USDA supported exploration of this new frontier with two Small Business Innovation Research grants totaling $750,000. MTI was also an early backer. Read more »

Biddeford-based Hyperlite Mountain Gear adds NY investor

(From Mainebiz) Hyperlite Mountain Gear Inc., a Biddeford maker of high-performance outdoor recreation products, received an investment from New York-based T-street Capital LLC. The investment marks an important milestone for the company as they prepare to accelerate growth. Read more »