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Communication

Portland, Maine

Rodney Sampson of Opportunity Hub Says Startups Need to Talk to Each Other

By | May 26, 2017 at 12:50 pm

Being a founder of a startup can be a very isolating job and it could feel that you’re on a deserted island. What founders need to realize that they need to get out of their routine, go to events or meetups and talk with…

Startups & Apps

Portland, Maine

Meet the Five Finalists in LaunchPad’s Pitch Competition

By | May 23, 2017 at 10:30 am

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…

Culture

Portland, Maine

Giovani Twigge of IDEXX Laboratories on Company Culture

By | May 22, 2017 at 12:50 pm

Walk along the streets of Portland, Maine and you’ll find everything festivals and sports to historic museums and local companies. If you happen to walk into the Maine College of Art (MECA) this June 19-23, you’ll be treated to Maine Startup & Create Week (MSCW), where there’s…

Ecosystems

Portland, Maine

Senators Reach Across the Aisle to Pass Maine Coworking Bill

By | May 16, 2017 at 8:30 pm

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…

Interviews

Portland, Maine

Maine Media CEO Kevin Thomas On Learning From Failure

By | May 12, 2017 at 8:30 pm

Since 2014, Maine Startup & Create Week has been celebrating and highlighting the emergent ecosystem of creativity and entrepreneurship in the state of Maine, which is rapidly becoming a destination for cord-cutters and grassroots business people. The completely volunteer-run Maine Startup & Create Week will…

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Startups & Apps

Portland, Maine

[Re]Produce Wins UMaine Business Challenge

By | May 12, 2017 at 9:15 am

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…

Startups & Apps

Portland, Maine

7 Startups in Venture Hall’s Inaugural Accelerator Cohort

By | May 11, 2017 at 9:15 am

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…

Funding

Portland, Maine

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

By | May 4, 2017 at 11:20 am

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…

Coding

Portland, Maine

There’s a New Coding School Coming to Maine

By | Apr 26, 2017 at 9:15 am

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…

Business

Portland, Maine

Maine Startups Logged Zero VC Deals in Q1

By | Apr 21, 2017 at 8:30 pm

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…

Business

Portland, Maine

3 Signs That Vets First Choice Is Preparing for an IPO

By | Apr 19, 2017 at 8:30 pm

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…

Ecosystems

Portland, Maine

New Bill Seeks to Expand Maine Technology Institute’s Scope

By | Apr 9, 2017 at 2:30 pm

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,…

Funding

Portland, Maine

MTI Awards $1 Million in Funding to Local Companies

By | Apr 1, 2017 at 10:30 am

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…

Startups & Apps

Portland, Maine

Forager Emerges From Stealth Mode to Improve the Local Food Movement

By | Mar 28, 2017 at 9:15 am

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…

News

Portland, Maine

The UMaine Business Challenge Has Named Its 2017 Finalists

By | Mar 19, 2017 at 10:30 am

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…

Accelerator

Portland, Maine

Top Gun Accelerator Accepts 38 Startups into Class of 2017

By | Feb 21, 2017 at 8:30 pm

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…

Ecosystems

Portland, Maine

Maine Venture Fund Celebrates Third Exit in a Year with InterSpec

By | Feb 15, 2017 at 7:00 pm

In early January, a Salt Lake City-based software company called ARCOM acquired InterSpec, a small, under-the-radar software firm in South Portland. InterSpec develops software and provides spec-writing services for the construction and architecture industries Gilles Letourneau founded the company in 1998. Financial details of the…