(From Maine Startups Insider) Scarborough-based, Amplify Additive raised a $1.1 million to help grow its operations and increase its number of employees. The startup manufactures 3D printed orthopedic implants and received early funding support from MTI. Read more »
(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 »
(From Maine Startups Insider) Portland-based cybersecurity software startup, Defendify, raised a $1.2 million bridge round from investors, including MTI. The company plans to use the funds for sales and marketing. Read more »
(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 »
(From The Counter) "Sara Rademaker started American Unagi in rural Maine and is now the largest commercial eel farm in the United States." The growth and success of the company has been made possible in part by MTI. Read more »
(From UMaine News) The startup company that developed a cream from lobster waste to fight dry skin has a solid plan for the future. Initial funding for Marin Skincare came through MTI and the Libra Future Fund. Read more »
(From Portland Press Herald) The Portland-based company, often referred to as ORPC, received a $3.6 million federal grant to help refine a technology that converts a river’s kinetic energy into electricity. The money will be used to build, test and operate a modular current energy converter. Read more »
(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 »
The Cleantech Open seeks to find, fund, and foster entrepreneurs in cleantech. Support for Maine cleantech entrepreneurs to participate in the Open is made available by E2Tech, the Maine Technology Institute (MTI), and the Governor’s Energy Office (GEO). Read more »
(From Village Soup) GO Lab Inc. recently received a key piece of its manufacturing infrastructure delivered by ship in Searsport. This is a major step toward manufacturing high-performance, affordable, vapor-open, sustainable wood fiber insulation. The company received support from MTI, DECD, FAME and others. Read more »