The funding has been awarded through DHHS's National Institute on Drug Abuse. Read more »
News
Portland company wins contract to help develop geothermal energy
Introspective Systems is developing software to enhance the understanding of geothermal systems for the Department of Energy. Read more »
Is Seaweed the Perfect Food?
Seaweed cleans toxins and heavy metals from the ocean—so the best is foraged from (or farmed in) crystal-clean coastal waters. Read more »
Accelerator hub to boost growth of bio-tech industry in Maine and beyond
Novo Biosciences co-founder Kevin Strange, former president of Mount Desert Island Biological Lab, and MDI Biological Laboratory associate professor Voot P. Yin. Strange is the co-investigator on the DRIVEN accelerator hub initiative. He and Yin are co-founders of a biomedical startup called Novo Biosciences. Read more »
Dream Local Digital raises $725k, names chief revenue officer to fuel growth
The round, which consisted of debt and convertible notes, was oversubscribed; the company was originally seeking $500,000, according to CEO Shannon Kinney. Read more »
Fast-growing STARC Systems to double manufacturing capacity
The plan comes after a 45% rise in sales in 2018, along with expansion across 47 states, Canada and Australia. Read more »
Ocean Approved raises $2M on plans to reinvent seaweed for a retail consumer
Ocean Approved’s equity raise was made on a pitch to create what essentially equates to a new consumer packaged good product category—fresh, frozen kelp. Read more »
CLYNK’s Vanderhoof targets 20% annual growth for the tech-driven recycling firm
"My target is 20% revenue growth a year. The reality of this business is it grows in steps, so we moved to New York with Hannaford, which allowed us to double our footprint to 100 Hannaford stores. That move was in 2016, and it took us two years to roll out all the stores." said Vanderhoof. Read more »
Eel aquaculture business gets approval to build facility in midcoast town
American Unagi buys elvers, or young eels, from local harvesters. Read more »
Maine Technology Institute (MTI) Issues Request for Proposals for Emerging Technology Challenge for Maine’s Forest Resources
MTI will award up to $1.5 million in grants to challenge winners, for one or more projects. Read more »