(From Mainebiz) Portland-based startup, HighByte, is the Gorham Savings Bank's 2021 LaunchPad winner and was awarded the $50,000 grand prize. Brave Foods, Erin Flett/Studio e Flett, Hüga Heat, and Vintage Maine Kitchen were also finalists in the competition. Read more »
(From Maine Startups Insider) VETRO Inc. recently raised $12 million to capitalize on a growing international market for broadband services. VETRO FiberMap is a cloud-based software-as-a-service platform designed for internet service providers and telecom companies. MTI was an early investor in the Portland-based company. Read more »
(From Mainebiz) Founded and operated by Colby College students, The Cubby won Maine Center for Entrepreneurs' Top Gun Final Showcase which includes a $25,000 prize, courtesy of MTI. The Waterville-based startup is an online marketplace designed to help college students sell art work. Read more »
(From Mainebiz) As part of a $5.6 million project, Standard Biocarbon Corp received approval for an $800,000 loan from FAME. MTI awarded the company an additional $400,000. The funds will be used to bolster biochar operations in East Millinocket. Read more »
(From Maine Startups Insider) The Cubby is an online marketplace created to help student artists sell their work. Founder and CEO, Josh Kim, is a Colby College student. The startup was awarded a $25,000 grant from MTI and is a finalist for Gorham Savings Bank’s Emerging Business Award. Read more »
(From Portland Press Herald) Southport startup, Hüga Heat makes heated cushions for outdoor seating. The company plans to expand beyond restaurants, to include weddings, camping and other outdoor activities. Hüga received a $25,000 grant from MTI to ramp up production. Read more »
(From Medical Device Network) Portland-based startup, MedRhythms is collaborating with EVERSANA to market MR-001 for treating chronic stroke walking impairments. Early support from MTI played a significant role in MedRhythms' growth and development. Read more »
(From Mainebiz) Justin Hafner, Co-Founder and CEO of KinoTek, is the first Maine business leader selected for a Front Office Sports Rising 25 Award. This national award recognizes sports-business movers and shakers under the age of 25. MTI was an early supporter of the Portland-based, digital health company. Read more »
Today, the Maine Technology Institute (MTI) began soliciting proposals for the Maine Clean Energy Innovation Challenge that was announced by Governor Janet Mills on Earth Day. In collaboration with the Governor’s Energy Office, MTI developed the challenge to catalyze the deployment of innovative clean energy technology solutions in Maine. Read more »
(From Maine Startups Insider) Startup rocket company, BluShift Aerospace recently launched an equity crowdfunding campaign to raise capital for its next development phase. MTI conditionally approved up to $300,000 in non-dilutive capital in the form of a low-interest loan to the Brunswick-based company. Read more »