(From Mainebiz) Standard Biocarbon recently received two specialized machines from Germany, designed to produce high-quality biochar from wood chips for use in agriculture, environmental remediation and stormwater management. The equipment will be moved to a production plant in Enfield. Funding for the facility was provided in part by MTI. Read more »
(From Mainebiz) Two MTI portfolio companies -- Atlantic Sea Farms and MedRhythms -- were among the winners of the 2022 Governor's Awards for Business Excllence. Congratulations to all the honorees! Read more »
(From Maine Public) bluShift Aerospace successfully fired its Marevl engine recently and is hoping the environmentally safer fuel will appeal to scientists and others looking for rockets to carry experimental payloads into outer space. The Brunswick-based company is working on a rocket that could reach as much as 90 miles high, providing 6-8 minutes of weightless flight for onboard experiments. MTI has provided bluShift with ongoing support. Read more »
(From wabi.tv) Recently Governor Mills announced a total of $14M in grant awards as part of the Forestry Recovery Initiative - Phase 2. MTI will deploy the funding which is designed to help support Maine’s forest product industry and their employees. Read more »
(From Portland Press Herald) MTI portfolio company, Tootie’s Tempeh recently launched in Biddeford. The new plant-based food business uses an innovative, plastics-free approach for fermentation and packaging. The startup sources its soybeans from Aroostook County and its products are available in nearly 30 stores across Maine and Massachusetts. Read more »
(From Mainebiz) MTI portfolio companies -- North Spore, NKENNE, bluShift Aerospace, HighByte, and Prapela -- share their startup fundraising experiences and champion Maine's entrepreneurial ecosystem. Read more »
(From AM Chronicle) The University of Maine Advanced Structures and Composites Center recently unveiled the first 3D-printed house made entirely with bio-based materials, BioHome3D. The fully recyclable, 600-square-foot prototype features 3D-printed floors, walls and roof of wood fibers and bio-resins. MTI supported the design of the prototype. Read more »
(From PR Newswire) SoulBeing recently announced its complementary and alternative services platform is now available through Walgreens Find Care®. The platform offers on-demand access to a network of health and wellness services designed to help patients manage their total wellbeing. MTI is an ongoing supporter of the Scarborough-based company. Read more »
(From Sun Journal) Known for decades as the maker of light bulb filament, Elmet Technologies is now key to the defense, aerospace and medical industries. Currently, Elmet has 170 employees and aims to grow to 225 quality jobs. Since 2015, MTI has made several vital awards to Elmet to help grow its R&D capacity, and preserve and grow its employment base and economic impact in Maine. Read more »
(From carbonstreaming.com) Carbon Streaming Corporation recently announced a carbon credit streaming agreement and associated royalty agreement with Standard Biocarbon Corporation for the construction of a biochar pyrolysis pilot facility in Enfield. MTI has provided ongoing support to bolster Standard Biocarbon's operations. Read more »