Vertical farm is on the rise in Westbrook

(From Portland Press Herald) Vertical Harvest Maine is under construction in Westbrook. This four-story urban hydroponic farm is designed to employ dozens of workers with intellectual disabilities and produce millions of pounds of microgreens for the area. MTI is an ongoing supporter of the project. Read more »

Maine online book club company raises $1M to expand

(From Bangor Daily News) MTI portfolio company, Bookclubs, has raised more than $1 million to add features to its website. The Camden-based business helps readers find other people with similar interests and guides them on how to form and sustain a club either virtually or in person. Read more »

$23M in state grants awarded to Maine technology companies

(From Mainebiz) As part of the Maine Jobs and Recovery Plan, MTI recently awarded $23.3 million through the PRIME Fund. Phase 1 of the the program resulted in 174 grants to companies to aid recovery from the pandemic, invest in new products and business lines, attract new customers, and sustain long-term growth. PRIME Fund Phases 2 and 3 are expected to launch in the coming months. Read more »

Proposed Maine Spaceport gets $1.2M federal boost toward liftoff

(From Mainebiz) The U.S. Economic Development Administration (EDA) awarded $1.2 million in grant funding to the Maine Space Grant Consortium for final planning around workforce development, business development and external engagement needs for the Maine Spaceport. The EDA funding will be matched by $407,407 in state and local funds. MTI is a supporter of the project. Read more »

South Portland startup uses tech to connect tourists, guides, off the beaten path

(From Mainebiz) Maine startup, NaviTour recently launched an online platform connecting independent tour guides and visitors to the state. The South Portland company is focused on broadening visitor experiences outward from congested tourist areas to rural communities, as well as increasing diversity among the people taking and leading tours. MTI grant support aided NaviTour with its pre-seed funding round. Read more »

Using lobster to ease the itch from browntail moth

(From News Center Maine) Marin Skincare has developed a cream from lobster waste that helps repair the skin barrier affected by psoriasis, shingles, sunburns, and even the rash caused by the browntail moth caterpillar. MTI provided the startup with initial funding and support. Read more »