(From Mainebiz) As part of the Maine Jobs and Recovery Plan, MTI recently awarded $23.3 million through the PRIME Fund. Phase 1 of the the program resulted in 174 grants to companies to aid recovery from the pandemic, invest in new products and business lines, attract new customers, and sustain long-term growth. PRIME Fund Phases 2 and 3 are expected to launch in the coming months. Read more »
(From Mainebiz) The U.S. Economic Development Administration (EDA) awarded $1.2 million in grant funding to the Maine Space Grant Consortium for final planning around workforce development, business development and external engagement needs for the Maine Spaceport. The EDA funding will be matched by $407,407 in state and local funds. MTI is a supporter of the project. Read more »
(From Mainebiz) Maine startup, NaviTour recently launched an online platform connecting independent tour guides and visitors to the state. The South Portland company is focused on broadening visitor experiences outward from congested tourist areas to rural communities, as well as increasing diversity among the people taking and leading tours. MTI grant support aided NaviTour with its pre-seed funding round. Read more »
(From News Center Maine) Running Tide Technologies employs engineers, software developers, and scientists to nurture oysters in a high-tech hatchery. They are focused on developing ecosystem services, including floating kelp buoys designed to capture carbon. MTI provided the company with early-stage funding and SBIR support. Read more »
(From Maine Life Media) Blue Ox Malthouse was recently featured on MaineLife Season 7, Episode 15 - Real Maine. This grain processing facility uses customized technologies to support Maine farmers and producers. The Lisbon Falls-based business has received funding and support from MTI. Read more »
(From PR Newswire) MTI portfolio company, Peaks Renewables is focused on investing in innovative technologies to decarbonize thermal energy. The company is a subsidiary of Summit Utilities, Inc., and recently broke ground on Maine's first renewable natural gas (RNG) dairy digester in Clinton. Read more »
(From Mainebiz) Polymer Laboratories and Solutions LLC will take over a Bose business to make sound-damping headset components for the military. Poly Labs will begin immediately supporting Bose’s U.S., NATO and allied military customers with ear cushion replacement parts. The Lewiston-based company has received funding from MTI. Read more »
(From News Center Maine) Marin Skincare has developed a cream from lobster waste that helps repair the skin barrier affected by psoriasis, shingles, sunburns, and even the rash caused by the browntail moth caterpillar. MTI provided the startup with initial funding and support. Read more »
(From Mainebiz) OpBox, Nobleboro-based startup that designs and builds modular, eco-friendly pop-up spaces for retailing and other uses, was awarded $25,000 as the winner of "Greenlight Maine" Season 7. Three finalists made their pitches to a panel of judges - including one of MTI's Investment Officers, Bianca Kowal. Read more »
(From Mainebiz) Seafood dealers and processors received over $15 million in new grants from the state to help increase the supply of Maine-harvested seafood, strengthen the companies’ ability to deliver to markets, and adds jobs throughout the seafood industry. Businesses in every coastal county received awards. MTI administered the program on behalf of the Maine Department of Marine Resources. Read more »