Three early-stage Maine companies have been accepted into this year’s Cleantech Open, a national startup accelerator program and business-pitch competition for companies working to…
Maine Technology Institute
News
EdTech app ReMo wins $25K at Top Gun pitch event
ReMo, an EdTech app that helps teachers and students manage their independent learning process, won the top prize and $25,000 at the Top Gun…
News
Maine Technology Institute awards $2.16M to 10 projects
The Maine Technology Institute has granted $2.16 million to 10 organizations working on innovative projects around the state. The funds, which are expected to help create…
Funding
VETRO raises $1M as investors bet on growing demand for broadband services
(Editor’s Note: VETRO ended up raising $2.5 million this round. I’ve left the article as originally reported, though.) VETRO Inc., the Portland-based developer of…
News
MTI: Funding requests outpace available funds by 1,100%
The Maine Technology Institute received requests for $24.9 million in funding from its Maine Technology Asset Fund 2.5 (MTAF2.5) by last week’s deadline. With only $2…
Funding
Cybersecurity startup Defendify raises $1.6M in first financing round
Defendify, a Portland-based cybersecurity-software startup, has raised $1.6 million in its first round of financing. The company, co-founded in 2017 by Rob Simopoulos and…
News
In first proposed budget, Gov. Mills restores funding for startup incubators and MTI
Gov. Janet Mills, who entered the Blaine House last month after serving as Maine’s Attorney General, has provided an early sign that she’s open…
News
MTI scraps siloed grant programs, revamps how it supports Maine’s innovative companies
The Maine Technology Institute has revamped how it financially supports startups and the Maine’s innovation ecosystem, scrapping its slate of grant and loan programs.…
News
MTI announces final $10.9M of grants from last year’s R&D bond
The Maine Technology Institute on Friday afternoon announced the final batch of grants, totaling $10.9 million, that were made available as part of the…