(From Mainebiz) Lisbon-based, Springworks Farm plans to expand its organic lettuce and greens business. By increasing the greenhouse size, this aquaponics farm will have the ability to triple its output and positively impact Maine's economy. The company received a $300,000 grant for the project from MTI’s Maine Technology Asset Fund 2.5 program. Read more »
(From Bangor Daily News) A $500,000 grant program will help bolster Maine's clean energy sector. The Governor's Energy Office and MTI will make available grants to clean-energy startups to promote innovation and create jobs. Read more »
(From Avalara.com) Avalara, a tax compliance automation provider recently acquired operational assets from Portland-based company, DAVO Technologies LLC. DAVO Technologies has received funding and support from MTI. Read more »
(From Mainebiz) The Maine Center for Entrepreneurs (MCE) recently launched a bioscience cluster initiative which includes business incubators, accelerators and research partners dedicated to growing Maine's bioscience industry. MCE was awarded a $300,000 grant from MTI. Read more »
(From Mainebiz) Portland-based startup, MedRhythms Inc., is involved with a new clinical trial related to Parkinson's disease. The company uses music and artificial intelligence to help people with neurological injuries or diseases. Early support from MTI was instrumental in MedRhythms' growth and development. Read more »
(From Maine Startups Insider) Scarborough-based, Amplify Additive raised a $1.1 million to help grow its operations and increase its number of employees. The startup manufactures 3D printed orthopedic implants and received early funding support from MTI. Read more »
(From Mainebiz) For its next round of capital, Brunswick-based startup, bluShift Aerospace is turning to "crowd equity funding," rather than conventional venture capital and angel investment. MTI provided early financial support for the company, as well as guidance in navigating federal funding programs. Read more »
(From Maine Startups Insider) Portland-based cybersecurity software startup, Defendify, raised a $1.2 million bridge round from investors, including MTI. The company plans to use the funds for sales and marketing. Read more »
(From Aquaculture North America) Located in Waldoboro, Maine Shellfish Developers is pioneering a non-coastal system to grow Eastern oysters year-round using recirculating aquaculture systems technology. The USDA supported exploration of this new frontier with two Small Business Innovation Research grants totaling $750,000. MTI was also an early backer. Read more »
(From The Counter) "Sara Rademaker started American Unagi in rural Maine and is now the largest commercial eel farm in the United States." The growth and success of the company has been made possible in part by MTI. Read more »