(From Maine Startups Insider) Gorham Savings Bank has announced its LaunchPad small business competition finalists, including some MTI portfolio companies. On June 7, the founders will pitch their businesses and compete for cash prizes. Read more »
News
MyHealthMath raises $3.5M to fuel growth
(From MaineStartupsInsider) MyHealthMath recently raised $3.5M to add support for ancillary insurance products like dental, vision, life, and long- and short-term disability. MTI has provided ongoing funding and support to the Portland-based company. Read more »
Eeling and Dealing: How a voracious market for Maine elvers inspired one aquaculture entrepreneur to start an eel farm
(From DownEast.com) Founder & President of American Unagi, Sara Rademaker dreams of diversifying Maine’s marine economy. She currently aims to grow fish on land, at scale, with recirculating aquaculture system (RAS) technology. The success of the Waldoboro-based company has been made possible in part by MTI. Read more »
Circa raises $2M on its mission to ‘reinvent rent’
(From Maine Startups Insider) MTI portfolio company, Circa, recently raised $2M to accelerate its growth in the residential rental industry. The Brunswick-based startup has built a mobile and web-based platform that uses flexible payments, credit reporting, and arrears planning to help people pay rent. Read more »
Thomas College hosts 3-day business innovation, entrepreneur summit
(From centralmaine.com) The Roux Institute’s Maine Start Summit was held recently, providing an opportunity for entrepreneurs to develop ideas, create prototypes and pitch them for prize money. One of MTI's Investment Officers, Tom Kittredge participated in the three-day event. Read more »
Out-of-state buyers snap up two Maine medical technology businesses
(From Mainebiz) Scarborough-based, Amplify Additive, was recently acquired by Arch Medical Solutions of Michigan. The acquisition will allow for expansion into additive manufacturing for orthopedics and growth within the medical device contract manufacturing market. MTI provided initial and ongoing support to Amplify Additive and trusts the acquisition will result in a quality footprint in Maine, as well as Artel, one of MTI’s earliest investments. Read more »
The Maine Take with Dana Connors, Season 2 Episode 15, Features MTI’s President
(TheMaineTake-YouTube) In this interview, MTI's President, Brian Whitney spotlights the importance of R&D and innovation on Maine's economy. Read more »
Tech companies are eligible for grants from the state to help recover from the pandemic
(From Maine Public) Technology companies across Maine are eligible for nearly $40 million in grant funding from the state to help them recover from the pandemic. Administered by MTI, the PRIME Fund presents a unique opportunity to help businesses in Maine strengthen their resilience and ability to thrive moving forward. Read more »
On the Record: Hüga Heat founders seek a warm, comfortable seat at the table
(From Mainebiz) Hüga Heat makes heated cushions for outdoor seating and is expanding beyond restaurants, to include weddings, camping and other outdoor activities. The Southport startup is also beginning to ramp up operations and sales. Hüga has received funding and support from MTI. Read more »
10 entrepreneurs to pitch their new products at Bangor showcase event
(From Mainebiz) UpStart Maine will host Maine Innovation Nights on April 26 at the Challenger Center in Bangor. The event aims to help local entrepreneurs attract more visibility for their products and connect members of the state’s innovation community. MTI is among the event sponsors. Read more »