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Interviews

How the Maine Center for Biomedical Innovation Train Scientists of the Future

By | Oct 11, 2017 at 9:20 am

While it sounds straight out of a Sci-Fi novel, Kevin Strange (CEO and cofounder) and his cofounder, Viravuth Yin, along with another researcher, Michael Zasloff, have identified a certain molecule (it’s called MSI-1436) that has demonstrated regenerative properties in the laboratory, first in zebrafish and then…

Ecosystems

Maine Seed Capital Tax Credit Reaches Annual Cap for 2017

By | Oct 7, 2017 at 2:30 pm

The Maine Seed Capital Tax Credit, which provides tax credits to investors to encourage greater investment in Maine startups, has reached its annual cap of $5 million with three months left to go in 2017. The end came quickly. A few weeks ago, there was…

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Ecosystems

Why the Maine Tech Scene Is Attracting Silicon Valley Investors

By | Oct 4, 2017 at 11:30 am

Portland, Maine has seen a bunch of startup activity in the last year. From Vet First Choice’s raise of $223M, to CashStar’s acquisition by Blackhawk Network for $175M and everything in between, the tech ecosystem is vibrant and showing no signs of slowing down….

Digital Currency

Why This Bitcoin Mining Company is Looking to Maine For Expansion

By | Oct 3, 2017 at 8:30 am

Bitcoin mining has become big business. It’s also an energy-intensive business, as mining companies set up large facilities full of racks of whirring computers solving the complex mathematical problems required to “mine” Bitcoin. Because of this, locations with cool weather and access to cheap…

Accelerator

Venture Hall to Invest in Healthcare Startups

By | Sep 29, 2017 at 7:15 am

Startup accelerator Venture Hall has chosen to invest in two of the healthcare-related startups from their inaugural summer accelerator program. Cliexa and Janus Choice will each receive $25,000 in the form of “zero-equity” investments. The companies were two of the six early-stage, health- and…

Co-working Spaces

New Coworking Space Planned for South Portland

By | Sep 27, 2017 at 8:30 am

What’s a tech ecosystem without a coworking space? At the Startup South Portland pitch contest, the winner wasn’t an app, a gadget, but a coworking space. James LaPlante, who pitched his concept for a new coworking and shared-studio space named SoPoCo.Works, took home the win….

Interviews

Bootstrapping Your Company Comes With Challenges

By | Sep 24, 2017 at 8:30 am

Bill Keleher cofounded what is now known as Kennebec River Biosciences in 1996 when he was in his late 20s. He’s built the Richmond-based company, which provides laboratory services and health products to aquaculture companies, to a point where it currently has 15 employees…

Business

Should Maine Startups Really Be Worrying About Access to Capital?

By | Sep 23, 2017 at 10:30 am

Over the past several months, I’ve heard on several occasions that there’s a lack of capital available for early stage startups in the Portland, Maine area. This “access to capital” talk is typically surrounded by conversations about what the area is missing. While I…

Accelerator

Meet the Startups From Venture Hall’s first Demo Day

By | Sep 20, 2017 at 6:30 pm

AI-enabled platforms, smart needles, and mobile-based healthcare. Just some of the themes pitched by startup founders at Venture Hall’s inaugural Demo Day in Portland, Maine. The 13-week accelerator graduated its first cohort of six promising early-stage, health and wellness-focused startups, and offered them a…

Startups & Apps

This Startup Wants to Eliminate Grocery Store Checkout Lines

By | Sep 19, 2017 at 8:30 am

That moment when you turn the cart down the isle and head to the checkout when you see a massive amount of people waiting and you know it’s going to be another 20 minutes before you leave. One startup wants to solve that problem by…

Acquisition

CashStar Acquired by Blackhawk Network for $175M

By | Sep 1, 2017 at 7:15 am

The Portland, Maine-based CashStar, a pioneer in the digital gift card space, has been acquired by California-based Blackhawk Network for $175 million. The all-cash deal is not expected to affect CashStar’s local operations, according to a company spokesperson. It currently has two offices in…

Ecosystems

Maine Technology Institute Wants Your Input on How to Spend $45M 

By | Aug 31, 2017 at 7:15 am

The Maine Technology Institute will receive $45 million as a result of the $50 million bond referendum that voters approved earlier this year and is looking to gather feedback on the process it will use to distribute it. MTI will be soliciting proposals from Maine organizations…

Interviews

You Need Some Grit to Grow a Company

By | Aug 27, 2017 at 12:45 pm

  Kate McAleer, founder of Bixby & Co., an organic chocolate and food company attributes a lot of her success to plain, old, get-your-hands-dirty-and-stop-complaining grit and perseverance. Kate founded her company at the end of 2011 while still in New York. It remained “a beta…

Accelerator

Scratchpad Accelerator Relaunches With Female Founder Initiative

By | Aug 22, 2017 at 6:30 pm

After a two year hiatus, Bangor, Maine-based Scratchpad Accelerator is relaunching in Fall 2017 with a new focus on female founders. Starting in October, the accelerator will work with four or five female-founded, high-potential, high-growth entrepreneurial teams to validate their customer base, value proposition and…