(From Mainebiz) Lead Sponsor, Maine Technology Institute, will be awarding a $5,000 prize to the winner of a pitch competition coordinated by the Skowhegan Center for Entrepreneurship. This week four entrepreneurs will compete for a chance to win. Read more »
(From Mainebiz) MTI portfolio company, Omnic Data, has executed agreements with two professional esports teams, partnered with Boston-based Uptime Esports, and raised $750,000 in venture capital. The startup's AI platform uses proprietary algorithms to analyze gameplay video and extract performance metrics to enhance gaming and coaching strategies. Read more »
(From The Lincoln County News) More than 200 people attended the recent expansion groundbreaking for Bigelow Laboratory for Ocean Sciences in East Boothbay. Over $30 million in private and public funds is expected to bring new educational programs, research positions, laboratories, and a 300-seat forum. The company previously received funding from MTI's MTAF program. Read more »
(From Mainebiz) MTI portfolio company, Bookclubs, was the winner of the 2023 LaunchPad competition. The Camden tech business plans to use the $50,000 prize for company growth. Amply Energy, also an MTI portfolio company, won this year's Emerging Business Award. Congratulations to all the participants! Read more »
(From WMTW) DeepCharge selected Maine as its U.S. manufacturing base and has opened an office in Biddeford. DeepCharge is creating wireless charging technology using AI, that can transmute standard surfaces like desks or counters into wireless charging stations. The company received support and manufacturing investment from MTI. Read more »
(From Portland Press Herald) Ocean Renewable Power Company (ORPC) is a global leader in renewable power systems that generate electricity from free-flowing river and tidal currents. The company recently signed a contract with Shell Technology – Marine Renewable Program for the purchase of two next-generation Modular RivGen devices. MTI has been a consistent funder and supporter of ORPC since its inception. Read more »
(From Technology Today) The Biden-Harris Administration has designated Maine's Forest Bioproducts Advanced Manufacturing Tech Hub as a Federal “Tech Hub” which positions Maine’s forest bioproducts sector for Federal investment and rapid growth. "MTI is honored to lead this impressive consortium of Maine partners engaged in government, industry, higher education, workforce, and economic development as we embark on this vital effort to further bolster our state’s reputation for manufacturing forest-derived, climate-friendly products,” said Brian Whitney, President of Maine Technology Institute. “We are incredibly grateful to the EDA for this coveted designation.” Read more »
(From Mainebiz) Digital therapeutics startup, MedRhythms, recently launched InTandem. The product is available by prescription for at-home use to improve walking and movement in chronic stroke patients. The neurorehabilitation system uses music to synchronize motor and auditory systems in the brain. MTI played a significant role in the growth and development of the Portland-based company. Read more »
(From Mainebiz) E2Tech is a statewide organization which aims to grow Maine’s environmental, energy and clean technology sectors by facilitating networking and promoting economic development. The organization's new Executive Director, Eric Howard, is looking to expand its presence across the state. He also supports Maine's innovation economy by serving as an MTI Technology Board member. Read more »
(From Maine Public) MTI portfolio company, Tanbark, recently opened its production facility in Saco. The sustainable packaging manufacturer offers an environmental solution to single-use plastic packaging. The company turns wood pulp and plant fiber into a liquid solution which is then molded into eco-friendly packaging. Read more »