Brewer fabricator gets grant that will allow for expansion put off by pandemic

(From Mainebiz) Troy Industrial Solutions was recently awarded $260K in funding through Phase One of MTI's PRIME program. The grant will help purchase a new high-tech cutting machine. The Brewer business provides electro-mechanical equipment diagnostics, repair, replacement, transportation, installation and training services to manufacturing, aggregate, agricultural, power generation, municipal and industrial clients throughout the Northeast. Read more »

Watch this rocket ignite using fuel that you can eat

(From CNN Business) bluShift Aerospace is working on sending rockets to space using bioderived, carbon-neutral fuel. The company gave CNN exclusive camera access to its third rocket engine test to demonstrate that the future of suborbital launches can be bio-powered. bluShift has received ongoing support from MTI. Read more »

Chimani Leverages Mobile App Gamification to Get More People Outdoors

(From Chimani has partnered with Nikon and Aramark to help Americans discover new destinations. A leading developer of mobile apps for the travel and recreation industry, the company is rolling out a new version of its gamification app which features expanded content including state parks, national forests, and wildlife refuges. Chimani is an MTI portfolio company.
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Falmouth tech firm partners with global counterpart to reach more lenders

(From Mainebiz) MTI portfolio company, Constant Energy Capital Management Inc., plans to partner with Florida-based payment systems company ACI Worldwide (NASDAQ: ACIW). Constant is a financial technology firm in Falmouth that specializes in self-service loan management software. The partnership is expected to allow lenders to increase loan volumes, streamline their collection processes, drive revenue and lower service costs. Read more »