(From Mainebiz) Business-pitch competition, "Greenlight Maine," recently announced its Season 8 winner. Tanbark designs and manufactures non-plastic packaging solutions. The Saco-based company plans to use the $25,000 prize for marketing and hiring. Maine Fly Co. and Slicpix®Interactive finished 2nd and 3rd, respectively. MTI is an ongoing Greenlight Maine sponsor. Read more »
(From Global Seafood Alliance) Ocean's Balance secured a game-changing industrial kelp dryer that will allow the company -- and its competitors -- to compete more effectively in the global seaweed market. MTI provided the Biddeford-based company with early-stage support. Read more »
(From Mainebiz) The Maine Space Conference is part of a statewide campaign to raise awareness around the potential of Maine’s NewSpace economy. The conference will bring together industry professionals to discuss how the space industry might evolve into the future for Maine. Read more »
(From PR Newswire) MedRhythms' evidence-based neurorehabilitation system to improve walking and ambulation in adults with chronic stroke walking deficits, has been listed as a Class II medical device with the U.S. Food and Drug Administration. The system delivers an intervention based on the principle of Rhythmic Auditory Stimulation. MTI played a significant role in the growth and development of the Portland-based company. Read more »
(From Maine SBDC) With guidance from Maine SBDC business experts, South Berwick-based DealPoint Corporation was recently awarded funding from MTI. The company developed an app which connects small businesses with customers on a real-time information sharing platform. Read more »
(From Mainebiz) John Pavan, founder of Altezza Advisors in Brunswick and MTI board member, died suddenly on July 3. Through his work with MTI, SCORE and Maine Center for Entrepreneurs, John was instrumental in the success of many Maine startup companies. President of MTI, Brian Whitney stated, “He will be greatly missed but his profound impact will reverberate for years to come.” Read more »
(From Portland Press Herald) NASA Administrator, Bill Nelson, recently toured Brunswick Landing, which is being eyed as a hub for the future Maine Space Complex. Nelson noted, "You’ve got a lot of entrepreneurs here who are ready to go and bubbling up with new ideas. It’s quite exciting.” MTI portfolio company, bluShift Aerospace is among the nearly 80 space-related businesses in the Maine. Read more »
(From Mainebiz) FAME is partnering with MTI and other investors to help finance the Katahdin Salmon Inc. site in Millinocket. Included in the project -- a recirculating aquaculture system where salmon will be hatched, raised, processed and sold to regional Northeast markets. The funding will also help create up to 80 jobs. Read more »
(From Mainebiz) MTI portfolio company, Microwave Techniques LLC, recently acquired Valvo Bauelemente GmbH of Hamburg, Germany as part of a new growth phase. The Gorham-based company specializes in high-power microwave solutions and employs over 140 workers across four manufacturing facilities. Read more »
(From Mainebiz) MTI portfolio company, Vertical Harvest, has hit the halfway mark in the $80 million build-out of a vertical farming venture in Westbrook. The company is creating an urban solution to feed local people by using a controlled environment to nurture vertically grown agriculture. Vertical Harvest also aims to reduce barriers and offer economic independence for people with intellectual and physical disabilities. Read more »