Biddeford seaweed producer Ocean’s Balance partners with New Brunswick supplier

(From Mainebiz) Ocean’s Balance, a producer of edible seaweed products, has partnered with Aqua Veggies Ltd. of Grand Manan, New Brunswick, a large-scale supplier of seaweed for raw food distributors, vitamin manufacturers, pet food manufacturers and retailers. The goal for Ocean’s Balance is to expand its product offerings. MTI provided the Biddeford-based company with early-stage support. Read more »

All Ideas Pitch Contest set for Lewiston

(From Sun Journal) Entrepreneurship for All (EforAll) Maine plans to host its All Ideas Pitch Contest to help early-stage entrepreneurs gain valuable exposure and feedback on their business ideas, network with others and compete for a cash prize to help fund their dreams. Contest applications are due by noon on September 13. MTI is the lead sponsor of EforAll. Read more »

14 Maine companies are ranked among the nation’s fastest growing

(From Maine Public) Fourteen Maine businesses have been named to the 42nd annual Inc. 5000 list of America’s fastest-growing companies. MTI is pleased that a number of our portfolio companies made the prestigious list including: Compotech, VETRO, ATX Advisory Services, SaviLinx, and Tilson Technology Management. Congratulations to all! Read more »

CUNA Strategic Services announces new alliance provider

(From Credit Union National Association) CUNA Strategic Services recently announced its new alliance with MTI portfolio company, Constant AI. Based in Maine, Constant AI is a SaaS company specializing in consumer loan servicing, loss mitigation automation and member self-service. This collaboration aims to help credit unions reduce servicing costs and generate new revenue within the servicing experience. Read more »

Sherpa and MyHealthMath Merge to Form HYKE, a Global Insurance Decision Support Powerhouse

(From Newswire) MTI portfolio company, MyHealthMath, recently announced its merger with Sherpa to form a new entity, HYKE. This merger combines Sherpa's international Life and P&C insurance engagement platform with MyHealthMath's deep experience in the U.S. health benefits market, creating a groundbreaking global company with expertise in the full lifecycle of consumer insurance purchasing decisions. Read more »

Electric boats starting to make waves on Maine’s working waterfronts

(From News Center Maine) The Island Institute, in partnership with Pendleton Yacht Yard and Flux Marine, recently launched the first electric workboat. Maine's working waterfronts aim utilize all-electric outboard motors for small boats used by harbormasters and aquaculture farms. The Island Institute's efforts are supported by PRIME Ecosystem funding, administered by MTI. Read more »

Mainebiz Small Business Forum to discuss sustainability

(From The Times Record) Sponsored in part by MTI, Mainebiz will host its annual Small Business Forum on August 22. The event is geared toward helping entrepreneurs succeed. A panel of experts will explore challenges facing startups and small businesses. This year's topic will be “Sustainability For Your Business: People, Profit, and Planet.” Read more »