News

(From UMaine News) The startup company that developed a cream from lobster waste to fight dry skin has a solid plan for the future. Initial funding for Marin Skincare came through MTI and the Libra Future Fund. Read more »

(From Portland Press Herald) The Portland-based company, often referred to as ORPC, received a $3.6 million federal grant to help refine a technology that converts a river’s kinetic energy into electricity. The money will be used to build, test and operate a modular current energy converter. Read more »

(From Mainebiz) Hyperlite Mountain Gear Inc., a Biddeford maker of high-performance outdoor recreation products, received an investment from New York-based T-street Capital LLC. The investment marks an important milestone for the company as they prepare to accelerate growth. Read more »

The Cleantech Open seeks to find, fund, and foster entrepreneurs in cleantech. Support for Maine cleantech entrepreneurs to participate in the Open is made available by E2Tech, the Maine Technology Institute (MTI), and the Governor’s Energy Office (GEO). Read more »

(From Village Soup) GO Lab Inc. recently received a key piece of its manufacturing infrastructure delivered by ship in Searsport. This is a major step toward manufacturing high-performance, affordable, vapor-open, sustainable wood fiber insulation. The company received support from MTI, DECD, FAME and others. Read more »

(From Portland Press Herald) The Portland-based animal health company reported a double-digit sales increase and has made its last major submission to the U.S. Food and Drug Administration for a new product under development called Re-Tain. The company has received MTI funding and support. Read more »

(From Mainebiz) Fork Food Lab, a Portland shared commercial kitchen and food-business incubator has its sights set on moving into a bigger space and is in discussions with two partners that would join as owners or tenants. The business has received sponsorship support from MTI. Read more »

(From Bangor Daily News) An entire production line from Germany will be installed at GO Lab, Inc.'s plant in Madison. The Belfast-based company will use the machinery to make wood fiber insulation boards for the North American market. MTI is an investor in the project. Read more »

(From Bangor Daily News) bluShift Aerospace made world history in late January with the first commercial launch of a rocket powered by a bio-derived fuel. Using what they learned the team is now in the early stages of developing the Stardust 2.0, which could go higher and faster. Read more »

(From Mainebiz) KinoTek Inc., a Portland-based developer of a digital health platform raised $600,000 to launch its first product, called Move.ly. Investors include IeAD Sports and Health Tech Partners, Tavistock Group, MTI and independent angel investors. Read more »