(From Maine Startups Insider) Gorham Savings Bank announced the five finalists - including some MTI portfolio companies - who will compete for a $50,000 grand prize at its LaunchPad small business pitch competition, slated for October 24. Each of the five founders will pitch their business to a panel of judges. Read more »
(From WMTW) Tootie's Tempeh uses an innovative, sustainable production method and sells its soy-based product across New England. The Biddeford-based company sources all of its ingredients from Maine. MTI provided the startup with funding and support to scale up its proprietary fermentation equipment. Read more »
(From Maine Startups Insider) Running Tide Technologies scaled its operations, quadrupled its workforce, deployed a successful pilot project off the coast of Iceland, and raised $54 million over the last year. MTI provided the Portland-based climate-tech company with early-stage funding and SBIR support. Read more »
(From Maine Public) MTI portfolio company, Peaks Renewables, is up and running in Clinton. As Maine's first dairy digester, the company captures methane gas that's normally released into the atmosphere from manure and converts it into gas which can be used for heating, cooking and other purposes. Peaks estimates the project's environmental impact will be equivalent to taking 6,500 cars off the road for every year it's in operation. Read more »
(From News Center Maine) Fork Food Lab has relocated to an 18,000 square foot facility which provides a dynamic workspace for an array of 70 local culinary businesses. Fork Food Lab has received sponsorship support from MTI. Read more »
(From centralmaine.com) Dirigo Labs is partnering with the Skowhegan Center for Entrepreneurship to host the 2023 Better Maine Conference. The conference will focus on “Growing a Diverse Workforce” and will bring together business leaders, policymakers and workforce development professionals from across the state. MTI is pleased to be an Event Sponsor. Read more »
(From Mainebiz) Bixby Chocolate, a maker of organic chocolate bars, won three prestigious International Chocolate Awards. The esteemed awards are presented annually by the International Institute of Chocolate and Cacao Tasting. The Rockland-based company received support from MTI for early-stage research and development. Read more »
(From WABI) MTI portfolio company, Global Secure Shipping (GSS), recently held a groundbreaking ceremony for the expansion of its Secure Hybrid Shipping Container Manufacturing Facility. The 15,000 square-foot expansion will allow for the production of nearly four SHSC shipping containers per day, with a goal of adding 80 jobs to the Old Town area. Read more »
(From Sun Journal) Over 300 people recently attended "Seagriculture USA." The two-day International Seaweed Conference featured presentations by global leaders in seaweed innovation exploring its production and various uses. Exclusive Event Sponsor, MTI, invests in Maine's seaweed economy. MTI's President, Brian Whitney stated, “Maine is already a leader in kelp farming and well-positioned to be at the forefront of advanced processing of seaweed.” Read more »
(From Mainebiz) MTI portfolio company, Pumpspotting, recently completed a $2.2M seed financing round, bringing the startup’s fundraising total to $3.35M. The Kittery-based breastfeeding support platform has served over 70,000 parents and helped more than 70 companies implement comprehensive lactation programs. Read more »