Startup bluShift Aerospace launches its 1st commercial biofuel rocket from Maine

(From The world's first commercial booster powered by biofuel was launched from Maine. The Brunswick-based startup, bluShift Aerospace launched its first rocket prototype, called Stardust 1.0, despite freezing temperatures and two false starts. In addition to team members investing their own money into the project, the company received funding from MTI and NASA. Read more »

Farmhand Automation raises $290K ahead of pilot

(From Maine Startups Insider) Farmhand Automation, a Biddeford-based startup developing robotic and AI tools for small-scale farms, has raised $290,000 ahead of its first fully autonomous trials with farmers. This funding is on top of a $75,000 grant the company received in October 2020 from MTI and $200,000 in exploratory capital and grants the company raised in 2019. Read more »

SBA Announces Recipients of Tibbetts Awards for Demonstrating Significant Economic and Social Impact from R&D Funding

(From Portland-based RockStep Solutions is one of the recipients of the 2020 Tibbetts Awards for exceptional successes achieved through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. MTI helped them apply for SBIR funding, provided matching funding for their SBIR grants, and nominated the company for the prestigious award. Read more »