(From Maine Startups Insider) The Gulf of Maine Research Institute partnered with SeaAhead to launch an accelerator program for “bluetech” startups. MTI is a supporter of this initiative. Read more »
News
Maine’s startup ecosystem relies heavily on MTI and its leader
(From Mainebiz) In a recent Mainebiz interview, MTI President, Brian Whitney shared insights about our mission, collaboration with our partners, funding opportunities we offer, success stories, our loan management process, and the key role MTI plays in Maine’s innovation economy. Read more »
Portland industrial software startup HighByte sets out to win the ‘tech talent war’
(From Mainebiz) Torey Penrod-Cambra, Co-Founder & CMO of HighByte, discussed growing the Portland-based software company and offered advice for entrepreneurs considering moving to Maine. She highlighted resources for startups in Maine's business community, including MTI. Read more »
In prestigious business competition, Portland entrepreneurs hold off Boston sweep
(From Mainebiz) The annual EY Entrepreneur of the Year face-off, named fifteen New England regional winners in its 2021 competition including the following three from Maine: Joshua Broder, CEO of Tilson Technology Management Inc., and Dan Espinal & Sean Miller of Rarebreed Veterinary Partners. Congratulations! Read more »
Bangor developer aims to bring biorefinery, jobs to former Lincoln mill site
(From Mainebiz) Biofine Developments Northeast Inc. of Maine develops alternative fuels derived from wood waste, and is looking to locate a biofuels refinery in Lincoln. MTI has supported the technology - including $750,000 under its Emerging Technology Challenge for Maine’s Forest Resources competitive grant program. Read more »
American Unagi Breaks Ground in Waldoboro
(From The Lincoln County News) Sara Rademaker, Founder & President of American Unagi, recently took part in the ground breaking of a 27,000 square foot eel aquaculture facility in Waldoboro. American Unagi, produces locally sourced, responsibly raised eels. The growth and success of the Maine company has been made possible in part by MTI. Read more »
True Fin raises $1M in its first investment round
(From Maine Startups Insider) True Fin raised $1 million for equipment, inventory, staffing and marketing. The company supplies home chefs and restaurants with premium Gulf of Maine seafood. MTI, Maine Venture Fund, CEI, as well as private individuals are investors in the company. Read more »
Portland tech firm MedRhythms secures $25 million funding round
(From Portland Press Herald) Portland-based, MedRhythms secured $25 million in venture capital funding to expand its operations. The company uses music and artificial intelligence to help people with neurological injuries or diseases. Early support from MTI played a significant role in MedRhythms' growth and development. Read more »
Wiscasset’s Peregrine, partners plan Pittsfield project
(From Wiscasset Newspaper) Peregrine Turbine Technologies, LLC announced an "international collaboration to field a commercial grade, long duration, thermal energy storage (TES) pilot plant." MTI has provided on-going support for the company and its energy conversion and storage technologies.
Read more »
Soaring seaweed demand drives York County food processor to quadruple its space
(From Mainebiz) Due to increasing product demand, Saco-based Atlantic Sea Farms will be moving to a larger industrial space in Biddeford. The company's CEO, Briana Warner, rebranded Ocean Approved, Inc. as Atlantic Sea Farms and was the first commercially viable business to introduce domestic, fresh seaweed products to the marketplace. (Ocean Approved, Inc. received early SBIR support from the MTI TAP team.) Read more »