MedRhythms Announces FDA Listing of InTandem™ (MR-001) to Improve Walking and Ambulation in Adults with Chronic Stroke

(From PR Newswire) MedRhythms' evidence-based neurorehabilitation system to improve walking and ambulation in adults with chronic stroke walking deficits, has been listed as a Class II medical device with the U.S. Food and Drug Administration. The system delivers an intervention based on the principle of Rhythmic Auditory Stimulation. MTI played a significant role in the growth and development of the Portland-based company. Read more »

John Pavan remembered as a mentor for Maine startups

(From Mainebiz) John Pavan, founder of Altezza Advisors in Brunswick and MTI board member, died suddenly on July 3. Through his work with MTI, SCORE and Maine Center for Entrepreneurs, John was instrumental in the success of many Maine startup companies. President of MTI, Brian Whitney stated, “He will be greatly missed but his profound impact will reverberate for years to come.” Read more »

‘Maine has a brilliant future in space,’ NASA chief says during Brunswick visit

(From Portland Press Herald) NASA Administrator, Bill Nelson, recently toured Brunswick Landing, which is being eyed as a hub for the future Maine Space Complex. Nelson noted, "You’ve got a lot of entrepreneurs here who are ready to go and bubbling up with new ideas. It’s quite exciting.” MTI portfolio company, bluShift Aerospace is among the nearly 80 space-related businesses in the Maine. Read more »

FAME approves loan to help a Millinocket aquaculture business

(From Mainebiz) FAME is partnering with MTI and other investors to help finance the Katahdin Salmon Inc. site in Millinocket. Included in the project -- a recirculating aquaculture system where salmon will be hatched, raised, processed and sold to regional Northeast markets. The funding will also help create up to 80 jobs. Read more »

$80M Vertical Harvest project hits the halfway mark

(From Mainebiz) MTI portfolio company, Vertical Harvest, has hit the halfway mark in the $80 million build-out of a vertical farming venture in Westbrook. The company is creating an urban solution to feed local people by using a controlled environment to nurture vertically grown agriculture. Vertical Harvest also aims to reduce barriers and offer economic independence for people with intellectual and physical disabilities. Read more »

Maine business accelerator names inaugural leader

(From Mainebiz) Obinna Okani, a Portland-based entrepreneur committed to supporting underrepresented individuals, has been named the inaugural director of Entrepreneurship for All Maine, a startup business accelerator which is set to launch during the fall. MTI is the program's lead sponsor. Read more »

Gettin’ By earns national continuing education accreditation from the Commission for Case Manager Certification

(From Bangor Daily News) MTI portfolio company, Gettin’ By, received accreditation from the Commission for Case Manager Certification®. Gettin' By was created by Linda K. Riddell, MS, to train educators, healthcare providers, and case managers to work more effectively with people living in poverty. With this accreditation, Gettin’ By can award case management and disability management professionals continuing education credits. Read more »