(From PR Newswire) MedRhythms recently announced the successful completion of a multi-site feasibility study of MR-005, its investigational asset in development for the treatment of gait deficits in Parkinson's disease (PD). The study results revealed enhanced quality of life and high patient adherence rates. Additionally, preliminary results showed improvement in motor symptoms of PD. MTI played a significant role in the growth and development of the Portland-based company. Read more »
(From ACCESSWIRE) Maine-based startup, Alakazam, recently launched a subscription service designed to democratize the 3D space. Alakazam makes virtual worlds, 3D websites, and event-hosting environments accessible to all, from small businesses to large corporations. MTI was an early investor in the company. Read more »
(From Mainebiz) A new national ranking recently released by WalletHub, places Maine at No. 13 overall on the "2023's Best & Worst States to Start a Business" list. Maine received a better showing than all of its New England peers and is one of only two northeastern states in the top 20. Read more »
(From Mainebiz) Edible seaweed products business, Ocean's Balance, recently raised seed money from investors in Japan and Norway to help to expand farming, processing and production. MTI has provided the Biddeford-based company with funding and SBIR support. Read more »
(From Mainebiz) MTI will deploy $5.6M to sixteen Maine organizations as part of the Pandemic Recovery for an Innovative Maine Economy (PRIME) Fund, an initiative of the Maine Jobs & Recovery Plan. These grants will help develop programs designed to support Maine’s entrepreneurs and startup community. Read more »
(From Mainebiz) The Top Gun program announced its next class of 32 Maine businesses. The program aims to help entrepreneurs take their business to the next level through hands-on training, connections, coaching and mentorship. MTI is a Top Gun sponsor and will provide a $25,000 cash prize to be awarded at a statewide pitch-off in May. Read more »
(From Mainebiz) MTI's Maine Entrepreneurial Resource Corps (MERC) Coordinator, Emily Braley shares best practices to help entrepreneurs get the most value from hiring and working with a business consultant. Read more »
(From Happy Planet) In a recent podcast, Marin Skincare Co-Founder Patrick Breeding discussed his innovative lobster-based skincare product and the support MTI has provided the company, saying, “MTI reigns above everyone else in terms of our ability to be in business. They have given us hundreds of thousands in grants to build a business in Maine that’s going to change the economy,” and much more. Read more »
(From Business Wire) Sappi North America Inc. received a $1 million grant from MTI's Forestry Recovery Initiative. The company is a leading producer and supplier of diversified paper, packaging products and pulp. The grant funds will be used to improve pulp yield in its Somerset Mill, specifically through a new chip treatment process. Sappi supports more than 3,300 Maine jobs. Read more »
(From Mainebiz) Over half of the startups selected to participate in the Dirigo Labs' accelerator program are MTI portfolio companies! Located in Waterville, the 12-week program is scheduled to begin in January. The program provides an opportunity for funded research and development projects. Read more »