(From Bangor Daily News) Vertical Air-Breathing Launch Technology (VALT), headquartered in Presque Isle, aims to advance space engineering in Maine and create technology-based jobs for local young people. MTI provided grant funding to the company. Read more »
(From Mainebiz) Dirigo Labs awarded bluShift Aerospace $25,000 and a year's membership at the Bricks Coworking & Innovation Space for taking the top spot in the Waterville accelerator's first business pitch-off contest. MTI has provided bluShift Aerospace with ongoing support. Read more »
(From Mainebiz) As part of the Roux Institute Founder Residency program, five entrepreneurs -- including an MTI portfolio company -- and their startups in high-growth technology fields will each receive a $25,000 grant. The new program participants will take up residency beginning in July. Read more »
(From businesswire.com) MedRhythms has entered into a license agreement with Biogen Inc. to develop and commercialize an investigational prescription digital therapeutic for the potential treatment of gait deficits in multiple sclerosis. As part of the agreement, MedRhythms will receive a $3M upfront payment. MTI played a significant role in the growth and development of the Portland-based company. Read more »
(From Mainebiz) MTI portfolio company, Atlantic Sea Farms represented Maine and the "blue economy" at the World Economic Forum's annual meeting in Davos, Switzerland. The company's CEO, Briana Warner shared how Atlantic Sea Farms' business model and products are driving positive change for people and the planet. Read more »
(From Mainebiz) Prapela Inc. is seeking federal regulatory clearance for use of a technology-enabled bassinet pad to treat newborns diagnosed with neonatal opioid withdrawal syndrome. MTI awarded funding to the Biddeford-based startup to help support its breakthrough medical device. Read more »
(From Maine Startups Insider) Kinotek developed a digital health platform which uses motion capture technology and data visualizations to assist medical and fitness professionals. The startup recently named Patricia Panaia, as its new CEO. MTI provided early-stage funding to the Portland-based company. Read more »
(From Maine Startups Insider) Tanbark Molded Fiber Products aims to replace single-use plastic packaging with a sustainable option. Recently the Portland-based company raised $1.7 million in seed funding to fund its first phase of growth. MTI has worked closely with Tanbark on a number of projects. Read more »
(From Mainebiz) Headquartered in Portland, Finsulate makes antifouling technology for vessels and floating marine equipment. MTI supported Finsulate as one of the three Maine companies selected to participate the Cleantech Open Northeast accelerator last year. It is also a finalist in the 2022 Top Gun Showcase business-pitch contest. MTI will sponsor a $25,000 cash prize for the competition. Read more »
(From The Tech Tribune) The Tech Tribune staff recognized the very best tech startups in Portland, and the majority are MTI portfolio companies! Some of the factors considered were revenue potential, leadership team, brand/product traction, and competitive landscape. Read more »