News

(From Bangor Daily News) The large building which once housed a German auto parts plant has become a hub for Maine businesses. MTI is part of Maine's strategy to invest state funds in innovative startup companies based in Maine. Read more »

(From Green & Healthy Maine Homes) Geoffrey Warner, Founder of Owl Furniture, is taking the handcrafted Owl Stool to a new level - mass production with a seat comprised of postconsumer plastics. MTI awarded the Deer Isle-based company a $15,000 grant for research and development which resulted in the ErgoPro Owl. Read more »

(From News Center Maine) To help highlight Maine's economic recovery plan Governor Mills recently visited Brunswick-based bluShift Aerospace, which develops bio-fuel powered rockets. The company received guidance through MTI's Technical Assistance Program team, as well as grant support from MTI. Read more »

(From Mainebiz) Portland-based startup, HighByte, is the Gorham Savings Bank's 2021 LaunchPad winner and was awarded the $50,000 grand prize. Brave Foods, Erin Flett/Studio e Flett, Hüga Heat, and Vintage Maine Kitchen were also finalists in the competition. Read more »

(From Maine Startups Insider) VETRO Inc. recently raised $12 million to capitalize on a growing international market for broadband services. VETRO FiberMap is a cloud-based software-as-a-service platform designed for internet service providers and telecom companies. MTI was an early investor in the Portland-based company. Read more »

(From Mainebiz) Founded and operated by Colby College students, The Cubby won Maine Center for Entrepreneurs' Top Gun Final Showcase which includes a $25,000 prize, courtesy of MTI. The Waterville-based startup is an online marketplace designed to help college students sell art work. Read more »

(From Mainebiz) As part of a $5.6 million project, Standard Biocarbon Corp received approval for an $800,000 loan from FAME. MTI awarded the company an additional $400,000. The funds will be used to bolster biochar operations in East Millinocket. Read more »

(From Maine Startups Insider) The Cubby is an online marketplace created to help student artists sell their work. Founder and CEO, Josh Kim, is a Colby College student. The startup was awarded a $25,000 grant from MTI and is a finalist for Gorham Savings Bank’s Emerging Business Award. Read more »

(From Portland Press Herald) Southport startup, Hüga Heat makes heated cushions for outdoor seating. The company plans to expand beyond restaurants, to include weddings, camping and other outdoor activities. Hüga received a $25,000 grant from MTI to ramp up production. Read more »

(From Medical Device Network) Portland-based startup, MedRhythms is collaborating with EVERSANA to market MR-001 for treating chronic stroke walking impairments. Early support from MTI played a significant role in MedRhythms' growth and development. Read more »