It’s only April, but investors have already claimed—pending approvals—the Maine Seed Capital Tax Credit program’s entire annual allocation of $5 million, an event that…
Whit Richardson
Hi, there. I'm a journalist and writer based in Portland, Maine, who's been covering the Maine business landscape for more than a decade. I did my fair share of covering paper mills and lobsters, but naturally gravitated to stories about innovative companies that, while based in Maine, sought to serve national and global markets by leveraging technology.
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0MTI 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…
Medical-device, agtech startups win 2018 UMaine Business Challenge
Two startups founded by UMaine students—one that’s developed a medical-education device and another that’s deploying agricultural technology to help farmers better monitor their crop storage—took…
New startup looks to straddle Maine’s forest products and craft beer industries
A new Maine company has launched at the intersection of two of the state’s most talked about industries: forest products and craft beer. Maine…
Federal government provides $6.7M in R&D funds to Maine companies
The federal government has awarded nearly $6.7 million to six Maine companies for various research-and-development projects. The funds come in the form of Small…
LibraryThing, a Portland-based app for booklovers, acquires Litsy
LibraryThing, a Portland-based software company and social platform for booklovers, has acquired Litsy, a mobile app known as the “Instagram for booklovers.” Tim Spalding…
UMaine Business Challenge names 2018 finalists
Five student entrepreneurs have been chosen as finalists for the seventh annual UMaine Business Challenge, the largest business-plan competition for college students in the…
Double Blue Sports Analytics in Brunswick acquired by Indianapolis firm
Double Blue Sports Analytics, a Brunswick-based tech startup that developed video analytics applications for sports coaching, has been acquired by an out-of-state firm. The…
Shanghai-based fund leads $2M investment in Cerahelix
Cerahelix Inc., the Orono-based startup that’s invented a high-tech filtration device using DNA and ceramics, today closed a $2 million round of fundraising that…
‘Going for it:’ upBed founder goes all-in
One of the tough decisions most entrepreneurs eventually face is when to go all-in on their idea. If they have full-time jobs and families…