(From Mainebiz) Brunswick-based, bluShift Aerospace is looking to close out its equity crowdfunding campaign with over 800 investors and nearly $1 million raised. The company has received ongoing support from MTI. Read more »
News
1st tenant at former East Millinocket mill would use 12,000 tons of wood chips a year
(From Bangor Daily News) Standard Biocarbon signed a 20-year lease with the town of East Millinocket for warehouse space on the former mill site. Earlier this year, the company was awarded $400,000 from MTI to bolster its biochar operations. Read more »
Inc. 5000 list has a few surprises among 12 Maine businesses named fastest-growing in US
(From Mainebiz) Twelve Maine businesses have been named to the new Inc. 5000 list of America’s fastest-growing private companies. We are very pleased that half of them are in the MTI portfolio: Origin, SaviLinx, STARC Systems, Tilson Technology, Sea Bags, and MuniciPAY. Read more »
Portland-based renewable energy company gets $25M in growth capital
(From Mainebiz) Supported in part by MTI, Ocean Renewable Power Co., (ORPC) has been successfully converting a river’s kinetic energy into electricity in Igiugig, Alaska. The Portland-based company recently announced it secured a new investment totaling $25 million. Read more »
GO Logic eyes larger panel factory and workforce to meet demand
(From Mainebiz) GO Logic LLC proposed building a new facility for pre-fabricated wall panels and other components. The Belfast-based company produces wood fiber insulation boards and specializes in passive house architecture. MTI has invested in the company's projects. Read more »
Two Maine Technology Companies to Each Receive $250,000 in Maine Clean Energy Innovation Challenge
Innovative Maine companies in Biddeford and Wiscasset engaged in developing clean energy technology have each been awarded $250,000 through the Maine Clean Energy Innovation Challenge, a joint initiative of the Maine Technology Institute (MTI) and the Governor’s Energy Office. Congratulations Farmhand Automation and Peregrine Turbine Technologies! Read more »
A college entrepreneur has already gotten valuable experience in Maine’s startup community
(From Mainebiz) Josh Kim, is CEO and Co-Founder of the Cubby - an online gallery and marketplace for college artists. Winner of the Top Gun competition, "Emerging business leader of the year" and a semi-finalist in Greenlight Maine, the Colby College senior takes an inside look at Maine's innovation economy. The startup received a software development grant from MTI. Read more »
Brian Harris CEO of MedRhythms – Interview with WBM Top 100 Innovation CEO
(From World Biz Magazine) MedRhythms' CEO, Brian Harris, received a "Top 100 CEOs In Innovation Award 2021" following a rigorous selection process which included more than 40,000 nominees. MTI played a significant role in the growth and development of the Portland-based company. Congratulations! Read more »
Mainer’s affinity app to connect families, businesses to launch in mid-August
(From Portland Press Herald) Mother of four boys, Sara Lopez created Match2Play which helps connect parents and family-friendly activities, as well as benefiting businesses. MTI was an early supporter of the start-up. Read more »
Why This Software Engineering Company Is Making A Big Bet On Space
(From Forbes) Maine-based, bluShift Aerospace has a weighty new investor! Theorem LLC recently contributed to the rocket-building company's crowdfunding equity round. Read more »