(From Mainebiz) The Top Gun program is designed for competitively selected entrepreneurs across Maine. The Lewiston/Auburn Cohort recently announced its 6 competitors who will participate in the program over the next few months. A $25,000 cash prize provided by MTI will be awarded at the statewide finale in May. Read more »
(From Departures) Can seaweed save the planet? Atlantic Sea Farms is doing its part by fostering an underwater, regenerative crop that reduces the acidity of local waters and absorbs significant amounts of carbon. The company has a roster of 27 partner fishermen and anticipates growing 1.2 million pounds of kelp in 2022. The Saco-based company received SBIR support from the MTI TAP team. Read more »
(From Mainebiz) Season 7 of the business-pitch competition "Greenlight Maine" will begin on March 24, and air on Maine Public. Ten startups were selected, out of which the top three will receive cash prizes of $5,000, $10,000 and $25,000. MTI is pleased to be an ongoing Greenlight Maine sponsor. Read more »
(From Portland Press Herald) A ceremony marking the return of wood products manufacturing to the former Madison Paper Industries mill was held recently. GO Lab, Inc. expects to employ 120 workers at the mill, with more positions opening by the end of 2022. MTI provided funding support to the Belfast-based company. Read more »
(From Mainebiz) The Top Gun accelerator program has selected 24 Maine startups for 2022. The program is sponsored by Bangor Savings Bank and supported by the Maine Department of Economic and Community Development along with a wide range of other organizations across the state. MTI will provide a $25,000 cash prize to be awarded at the final statewide pitch-off in May. Read more »
(From Mainebiz) Four Maine businesses, including MTI portfolio companies Atlantic Sea Farms and Bixby Chocolate, were named winners of the 2022 national Good Food Awards. Congratulations to all the honorees! Read more »
(From PR Newswire) Industrial software company, HighByte, recently announced it had been selected the winner of the "Smart Manufacturing Company of the Year" award in the 6th annual IoT Breakthrough Awards program. The program recognizes innovators, leaders, and visionaries from around the globe and attracted more than 3,850 nominations this year. MTI is an ongoing supporter of the Portland-based company. Congratulations!
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(From Maine Venture Fund) MTI's SBIR Expert, Karen West, was recently interviewed for a Maine Venture Fund article. She shared valuable insights into the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs including benefits of the application process, how to strengthen an application, and much more. Read more »
(From Mainebiz) GO Lab Inc. recently closed on the sale of $85 million in bond funding and completed a New Markets Tax Credit transaction which will fund construction of a wood-fiber insulation factory in Madison. MTI is a funding source for the Belfast-based company. Read more »
(From Portland Press Herald) There is growing interest in new technology-driven ways people can connect with outdoor activities. Organizations such as MTI, along with business incubators and accelerators, college programs and prize competitions help facilitate and encourage this growth. Read more »