(From Happy Planet) In a recent podcast, Marin Skincare Co-Founder Patrick Breeding discussed his innovative lobster-based skincare product and the support MTI has provided the company, saying, “MTI reigns above everyone else in terms of our ability to be in business. They have given us hundreds of thousands in grants to build a business in Maine that’s going to change the economy,” and much more. Read more »
(From Business Wire) Sappi North America Inc. received a $1 million grant from MTI's Forestry Recovery Initiative. The company is a leading producer and supplier of diversified paper, packaging products and pulp. The grant funds will be used to improve pulp yield in its Somerset Mill, specifically through a new chip treatment process. Sappi supports more than 3,300 Maine jobs. Read more »
(From Mainebiz) Over half of the startups selected to participate in the Dirigo Labs' accelerator program are MTI portfolio companies! Located in Waterville, the 12-week program is scheduled to begin in January. The program provides an opportunity for funded research and development projects. Read more »
(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 »