Whit Richardson is a former daily newspaper journalist in Portland, Maine, who has covered business and entrepreneurship for the past decade. He's founder of Maine Startups Insider and currently editor-in-chief of 4Front Publishing, an online news startup covering the nascent legal cannabis industry.

 

Recent posts by this Author


Meet the Five Finalists in LaunchPad’s Pitch Competition

Portland Maine finalists

After close to 140 applications and countless hours to narrow down the finalists, LaunchPad, the small business pitch competition created by Gorham Savings Bank, named the five startups to compete next month for a chance to win $50,000. Meet the Five Finalists Good To-Go (Kittery) – makes dehydrated…

Senators Reach Across the Aisle to Pass Maine Coworking Bill

coworking, Portland, Maine

Coworking spaces are a great place to build one’s business, develop relationships and expand an ecosystem. On Tuesday, bill LD 285 (Bill), “An Act To Provide Funding for the Maine Coworking Development Fund” passed the House last week in a party-line vote of 77 to 66. The Bill…

Thomas College Receives $5.3M Alfond Grant for New Center of Innovation

innovation

Thomas College announced a new initiative designed to promote innovation and spur entrepreneurial activity in central Maine. The Waterville-based college has created the Harold Alfond Institute for Business Innovation thanks to a $5.3 million donation from The Harold Alfond Foundation. This is the largest gift…

[Re]Produce Wins UMaine Business Challenge

business

A company that wants to turn Maine farmers’ surplus into high-end locally sourced frozen food has won the sixth annual UMaine Business Challenge, held in Orono. Anita van Dam and Grace Burchard, both students at College of the Atlantic in Bar Harbor, took home…

7 Startups in Venture Hall’s Inaugural Accelerator Cohort

Why Your Startup Should Join an Accelerator

A pain-management app, an AI-enabled medical records software company, and a cloud-based wellness tracking platform for employers are among Venture Hall’s first cohort of healthcare-related startups that will spend three months in Portland this summer scaling their businesses and expanding their networks. Venture Hall, which…

Redd Raises Nearly $1M in New Investment Round

crowdfunding funding redd

Brunswick-based Redd, the energy bar company, has raised the majority of a $1.5 million investment round. The company filed paperwork with the U.S. Securities and Exchange Commission on Wednesday revealing that it had raised $867,861 out of a $1.5 million offering. It claimed 13…

Ocean Renewable Power Company Restructures, Raising $2.5M in Series B

stress ocean

Portland-based Ocean Renewable Power Company is in the midst of raising $2.5 million in its second big equity round of fundraising. The renewable energy company has raised $1.31 million out of a $2.5 million offering, according to paperwork recently filed with the U.S. Securities and Exchange…

There’s a New Coding School Coming to Maine

recruiting engineers coding

Three Maine organizations are bringing a successful coding school to Maine in an effort to increase the public’s access to educational opportunities around software and web development, and to increase employers’ access to qualified developers. Earlier this week, Venture Hall, Thomas College, and Project Login, announced…

Maine Startups Logged Zero VC Deals in Q1

maine startups

While investors poured $13.9 billion into venture-backed startups during the first quarter of 2017, none of those dollars found their way to Maine companies, according to the MoneyTree Report, a quarterly tally of VC deals from PricewaterhouseCoopers and CB Insights. It’s the first quarter in more…

3 Signs That Vets First Choice Is Preparing for an IPO

IPO

Going public is a big deal for any company. It requires months of preparation, years of hard work, and decades of innovative thinking. And if you’re pay attention, it can be easy to spot these companies before they make the move. And while I…

New Bill Seeks to Expand Maine Technology Institute’s Scope

MTI Maine Angels Among Most Active Angel Investment Groups in 2015

A new bipartisan bill has been introduced in Augusta that would expand the Maine Technology Institute’s role within the state’s innovation ecosystem. The bill — LD 1324, An Act to Support Innovation, Entrepreneurship, and Maine’s Economic Future — would explicitly proffer certain powers onto the organization,…

MTI Awards $1 Million in Funding to Local Companies

VCs funding

The Maine Technology Institute awarded more than $1 million in grants and loans to 25 Maine companies and research organizations in February 2017. MTI awarded two Development Loans totaling $604,490, seventeen Seed Grants totaling $368,607, four TechStart grants totaling $19,725, and two Business Accelerator grants…

Forager Emerges From Stealth Mode to Improve the Local Food Movement

local food

More than three years after leaving a high-profile job as co-founder and CEO of CashStar, David Stone last week unveiled his newest startup, Forager. Forager has developed a digital platform with the goal to facilitate more efficient relationships between farmers and the grocers who want to source…

Surge Hydro Takes Top Spot at Pitch York County Finals

surge hydro

Surge Hydro continued its winning streak on Thursday evening as it took took the top spot, and the $1,200 first-prize purse, at the Pitch York County final event. The event, held at ThinkTank Biddeford, was the culmination of a series of monthly events that…

The UMaine Business Challenge Has Named Its 2017 Finalists

Five teams of college entrepreneurs in Maine have been selected to compete in the sixth annual UMaine Business Challenge. These college entrepreneurs will now be paired with mentors and have seven weeks to build a business plan before presenting it before a panel of…

Jean Hoffman Launches Family Foundation, Makes First Angel Investment

investment

Jean Hoffman has been busy in the ten months since she led her former pet pharmaceutical company, Putney Inc., through a $200 million all-cash acquisition. In that time, she’s purchased a commercial building in Portland, launched a family foundation that will be helping local nonprofits,…

Top Gun Accelerator Accepts 38 Startups into Class of 2017

Top Gun

Top Gun, a program of the Maine Center for Entrepreneurial Development designed to help entrepreneurs ramp up their businesses, announced today that 38 startups have been accepted into the 2017 class. The 2017 class will be largest in the accelerator program’s eight-year history. That’s due largely…