(From Mainebiz) Twelve Maine businesses made Inc. magazine’s 2020 annual list of the 5,000 fastest-growing private companies in the United States. To make the list, businesses must have had revenue of at least $2 million in the most recent year, and be privately held, independent companies. Read more »
(From Mainebiz) Big Gig is part of a larger entrepreneur ecosystem in greater Bangor. The recent virtual pitch-off provided an opportunity for innovators to pitch their business idea or business to an online audience and panel of judges. Coffee Hound of Bangor took top honors, winning a prize of $2,500. Read more »
(From Maine Startups Insider) Amber Boutiette and Patrick Breeding co-founded a company called Dermarus, and Marin Skincare is its first product brand. The product is a “soothing hydration” cream which blends lobster glycoproteins with other ingredients to treat dry skin conditions commonly associated with eczema. Dermarus has received $30,000 in grant funding from MTI and Libra Foundation. Read more »
(From Mainebiz) Startup Maine serves as a convener, educator and catalyst of Maine’s entrepreneurial ecosystem. The organization aims to reach “startup curious” people and grow the talent pipeline. Entrepreneurs should know Maine’s mentor network is strong, and there are numerous resources and access to capital - including CEI, Maine Venture Fund, and MTI. Read more »
(From Maine Startups Insider) This Portland-based industrial software startup recently formed a Board of Directors to provide perspective and guidance on the company’s ongoing strategic direction. Matthew Hoffner of Maine Technology Institute (MTI) has joined the board as an observer. MTI participated in the company's $875,000 pre-seed funding round. Read more »
(From Maine Startups Insider) The Maine Angels announced it has raised $2.4 million from local angel investors to create a pooled investment fund to invest in early-stage, high-growth companies. The fund will seek to invest in 12 to 15 companies over the next two or three years. Read more »
(From Mainebiz) A record $125 million-plus invested in downtown Waterville has catalyzed local economic growth. A mix of funding, infrastructure, education and tech talent provided by partners including Colby and Thomas colleges, the Kennebec Valley Community College (KVCC), Maine Technology Institute and Bricks has greatly contributed to the boom. Read more »
(From Mainebiz) Phase two of the infrastructure buildout at the former Great Northern Paper mill site in Millinocket is underway; including improvements to the onsite power grid, data transmission, sewer and water systems, roads and rail. The project was recently awarded $1.34 million in financing — a $500,000 grant from Maine Rural Development Authority and an $837,000 loan from Maine Technology Institute.
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(From Mainebiz) Both the Yarmouth-based BaselineES and Foothill Fuels of Portland will join 45 regional peers in the Cleantech Open Northeast cohort of the annual Cleantech Open accelerator program. This year's program will take place virtually due to the pandemic. The Maine Technology Institute will cover costs for both Maine participants, while the Environmental & Energy Technology Council of Maine promoted and facilitated their applications.
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(From Mainebiz) Neuright Inc. is working to create and commercialize an affordable medical device that measures nerve conduction and stimulates the regrowth of nerves. The startup was formed as a result of the team’s participation in the first cohort of the UMaine Innovation, Research and Technology Accelerator program, (MIRTA), made possible by the University of Maine System Research Reinvestment Fund. The company has also received funding and support from MTI. Read more »