(From Maine Public Radio) The annual Fisherman's Forum in Rockport (Feb. 29-March 2) highlights the vital role that the seafood industry plays in Maine's economy. Learn about innovation in Maine's Seafood economy. Read more »
News
$2M in new financing will help Saco manufacturer Tanbark add equipment, grow staff
(from Mainebiz) A Saco packaging manufacturer Tanbark Molded Fiber Products gears up for growth, the company has gotten a boost from the Finance Authority of Maine and the Maine Technology Institute: approvals of more than $2 million in financing. Read more »
Compotech, a high-tech business in Maine is protecting US soldiers
Compotech is already getting attention around the national composites industry and the business world for rapid growth and ingenuity. Read more »
Brunswick rocket company planning million-dollar minute in April
(From Bangor Daily News) A Brunswick-based aerospace company hopes to clear an important hurdle in the next few months when it tries to conduct a 60-second test burn of a rocket engine on the ground. Read more »
Rockport, Unity businesses among six sharing $6.5 million in state funding
(From Pen Bay Pilot) Approximately $6.5 million in grants through the Maine Jobs & Recovery Plan is being distributed to six Maine businesses to invest in new infrastructure, expand operations and facilities, and grow their workforce. Read more »
Elmet Technologies expansion comes with statewide recognition
(From centralmaine.com) Lewiston-headquartered, Elmet Technologies, was a recipient of the 2023 Governor's Award for Business Excellence, in recognition of the company's contributions to Maine. Elmet has become the largest U.S.-owned and -based producer of tungsten and molybdenum materials and products, with over 400 employees across three facilities in Maine, Ohio and Michigan. Since 2015, MTI has made several vital awards to Elmet to help grow its R&D capacity, and preserve and grow its employment base and economic impact in Maine. Read more »
Wood fiber insulation company TimberHP to expand production and staff in Maine
(From Maine Public) TimberHP, the first company in North America to offer wood fiber insulation, is expanding. The company operates at the former Madison paper mill and has plans to hire more than 140 staff for full production. By producing a sustainable product, TimberHP aims to support Maine's forestry industry. MTI has been an important funding source for the company. Read more »
Gov. Mills honors 4 Maine businesses for excellence
(From Portland Press Herald) Four extraordinary Maine businesses were honored with the 2023 Governor’s Awards for Business Excellence. Awards went to Elmet Technologies in Lewiston, Compotech Inc. in Brewer, Main Eco Homes in Bridgton, and TimberHP in Madison for outstanding commitment to their communities and employees. Three of the recognized businesses are MTI portfolio companies! Read more »
Scratchpad Accelerator names 4 Maine startups to its next cohort
(From Mainebiz) Scratchpad Accelerator recently announced its latest cohort of scalable Maine companies. The startups will participate in the Bangor-based, 13-week program which aims to help businesses get to the next level of growth. MTI is a supporter of Scratchpad Accelerator. Read more »
From outdoor rec to cleantech: 12 startups named to Waterville accelerator
(From Mainebiz) The 12 startups named to the next cohort of the Dirigo Labs business accelerator represent a wide range of industries. The accelerator program includes personalized mentorship and workshops focused on state and municipal incentives, public-private sector grants, intellectual property and capital strategy. MTI is a supporter of Dirigo Labs. Congratulations all! Read more »