(From Mainebiz) Scarborough-based, Amplify Additive, was recently acquired by Arch Medical Solutions of Michigan. The acquisition will allow for expansion into additive manufacturing for orthopedics and growth within the medical device contract manufacturing market. MTI provided initial and ongoing support to Amplify Additive and trusts the acquisition will result in a quality footprint in Maine, as well as Artel, one of MTI’s earliest investments. Read more »
(TheMaineTake-YouTube) In this interview, MTI's President, Brian Whitney spotlights the importance of R&D and innovation on Maine's economy. Read more »
(From Maine Public) Technology companies across Maine are eligible for nearly $40 million in grant funding from the state to help them recover from the pandemic. Administered by MTI, the PRIME Fund presents a unique opportunity to help businesses in Maine strengthen their resilience and ability to thrive moving forward. Read more »
(From Mainebiz) Hüga Heat makes heated cushions for outdoor seating and is expanding beyond restaurants, to include weddings, camping and other outdoor activities. The Southport startup is also beginning to ramp up operations and sales. Hüga has received funding and support from MTI. Read more »
(From Mainebiz) UpStart Maine will host Maine Innovation Nights on April 26 at the Challenger Center in Bangor. The event aims to help local entrepreneurs attract more visibility for their products and connect members of the state’s innovation community. MTI is among the event sponsors. Read more »
(From Mainebiz) MTI portfolio company, Atlantic Sea Farms, is collaborating with Massachusetts-based food giant Ocean Spray Cranberries Inc. to make a new product which incorporates cranberry seeds with cranberry puree and kelp puree to create a product that can be used for smoothies and other recipes. Read more »
(From Mainebiz) Springtide Seaweed will receive $650,000 in federal funding to develop new cultivation systems for nori and dulse red seaweed, allowing these high-value crops to be farmed in the U.S. and globally. The funding was awarded through the Small Business Innovation Research (SBIR) Program at the U.S. Department of Agriculture’s National Institute of Food and Agriculture. MTI's TAP Team worked with the Gouldsboro-based company to create a successful SBIR application. Read more »
(From Bangor Daily News) Winner of the 2021-22 Big Gig competition, Real Time Reality, provides a secure and private online identity management tool. The company plans to use the $5,000 Big Gig prize to pay a summer intern and purchase necessary equipment. MTI is an ongoing Big Gig sponsor. Read more »
(From Mainebiz) Maine is well positioned for research, education and commercial development in the new space industry. MTI is among the potential funding sources for a proposed Maine Space Complex. Read more »
(From Portland Press Herald) On behalf of the Department of Marine Resources, $16 million in federal funds will be administered by MTI for seafood dealers and processors who were negatively impacted by the pandemic. Applications for the grant program will be accepted through April 28. Read more »