(From Portland Press Herald) A ceremony marking the return of wood products manufacturing to the former Madison Paper Industries mill was held recently. GO Lab, Inc. expects to employ 120 workers at the mill, with more positions opening by the end of 2022. MTI provided funding support to the Belfast-based company. Read more »
(From Mainebiz) The Top Gun accelerator program has selected 24 Maine startups for 2022. The program is sponsored by Bangor Savings Bank and supported by the Maine Department of Economic and Community Development along with a wide range of other organizations across the state. MTI will provide a $25,000 cash prize to be awarded at the final statewide pitch-off in May. Read more »
(From Mainebiz) Four Maine businesses, including MTI portfolio companies Atlantic Sea Farms and Bixby Chocolate, were named winners of the 2022 national Good Food Awards. Congratulations to all the honorees! Read more »
(From PR Newswire) Industrial software company, HighByte, recently announced it had been selected the winner of the "Smart Manufacturing Company of the Year" award in the 6th annual IoT Breakthrough Awards program. The program recognizes innovators, leaders, and visionaries from around the globe and attracted more than 3,850 nominations this year. MTI is an ongoing supporter of the Portland-based company. Congratulations!
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(From Maine Venture Fund) MTI's SBIR Expert, Karen West, was recently interviewed for a Maine Venture Fund article. She shared valuable insights into the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs including benefits of the application process, how to strengthen an application, and much more. Read more »
(From Mainebiz) GO Lab Inc. recently closed on the sale of $85 million in bond funding and completed a New Markets Tax Credit transaction which will fund construction of a wood-fiber insulation factory in Madison. MTI is a funding source for the Belfast-based company. Read more »
(From Portland Press Herald) There is growing interest in new technology-driven ways people can connect with outdoor activities. Organizations such as MTI, along with business incubators and accelerators, college programs and prize competitions help facilitate and encourage this growth. Read more »
(From Mainebiz) Animal health technology and services company, Covetrus, is making organizational changes overseas to help fortify its business in the U.K. and Germany. MTI provided early-stage and ongoing support to the Portland-based company. Read more »
(From The Print) MTI portfolio company, Ai Highway, is in the final winners list of PHCTech Challenge 2021! Following a rigorous selection process, 17 groundbreaking innovations from across the globe with the most potential to create significant impact in public health have been selected as winners. Congratulations!
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(From Portland Press Herald) Ten “techstar” entrepreneurs recently pitched start-up ideas as part of the Roux Institute Techstars Accelerator program, which provides 10 companies a year with seed funding and access to its network of investors and mentors. Governor Mills told the program graduates that Maine is ready to help those who choose to stay in the state, including support from organizations such as MTI. Read more »