Ocean’s Balance, the Biddeford-based company that produces and sells edible seaweed products, has won Greenlight Maine and its $100,000 top prize.

The company, which was founded in 2016, was one of three finalists that competed in the final episode, which was filmed on Saturday at the University of Maine in Orono. The two other finalists were American Roots and Flowfold.

“This was a team effort,” said Ocean’s Balance CEO Mitchell Lench. “We are grateful to Greenlight Maine for providing us with financial capital towards achieving our goal of making seaweed from the Gulf of Maine a staple of the American diet. We will look to re-invest in our business to further expand Ocean’s Balance’s personnel, production capabilities and farming operations.”

Greenlight Maine is a television show that airs on WCSH 6 in Portland and WLBZ 2 in Bangor. Each episode features entrepreneurs competing against one another to win over a panel of judges with their business pitch. Last spring, more than 60 companies auditioned via online and at live casting call events for a chance to appear on the weekly show. The season began in September with 26 companies, two of which appeared on each weekly show through February, when the finalists were chosen. On Saturday, Ocean’s Balance beat out American Roots and Flowfold for the top prize.

“Ocean’s Balance competed against some of the very best companies ever on Greenlight Maine,” Brian Corcoran, a partner in Portland Media Group, which produces the show, said in a statement. “We are confident the best is yet to come for all participating startups in large part to the intellectual and financial capital provided by our committed partners and mentors.”

KinoTek wins collegiate championship

KinoTek, a startup founded last year at the University of Maine, has won the inaugural Greenlight Maine Collegiate Challenge and its $25,000 top prize.

The company, which is creating virtual reality technology that visualizes the body’s muscles and the specific movements they generate, beat out a field of 10 semifinalists. The final episode was also filmed at UMaine on Saturday and featured KinoTek, Ferda Farms, and Rentscore.

KinoTek CEO Justin Hafner, a kinesiology and psychology student from the University of Maine, said the $25,000 would help fund further software development.