Startups & Apps

This Startup Aims to Swap Blood Draws for Saliva Samples

By | Aug 9, 2017 at 7:15 am

Portland, Maine-based biotech company Abogen, founded in 2012, has developed a method and accompanying technology to extract blood cells from saliva, allowing for the potential replacement of up to 80 percent of the five billion invasive, needle-necessary blood samples drawn annually. The company is…

Events

South Portland Competition to Attract Maine Startups

By | Aug 4, 2017 at 7:15 am

The City of South Portland is prepared to launch a small-business pitch competition to support local entrepreneurs and project a business-friendly image. The Startup South Portland competition, presented by City of South Portland and Opticliff Law, is a pitch contest for startups and small…

Enqos – Tower V1

Incubators

LePage Signs Bill Into Law Expanding Maine Technology Institute’s Scope

By | Jul 29, 2017 at 9:20 am

Recently, Gov. Paul LePage signed into law a bill that expands the Maine Technology Institute’s mandate and gives it tacit approval to take over funding for the state’s three business incubators. With the governor’s signature, the bill will become law 90 days after the…

Startups & Apps

Cerahelix Helps Save the Environment One Filter at a Time

By | Jul 28, 2017 at 7:15 am

Cerahelix, the Orono-based startup that’s invented a high-tech filtration device using DNA and ceramics, is raising $2 million to help it accelerate development of pilot programs at several early-adopter customers, including Magic Hat Brewing Co. in South Burlington, Vt. So far, the company has raised $500,000…

Startups & Apps

26 Semifinalists Announced in Greenlight Maine TV Pitch Competition

By | Jul 27, 2017 at 7:15 am

Greenlight Maine is gearing up for its third season and has selected 26 companies to compete on the weekly television show for a chance to win $100,000. The TV show features two companies who pitch a panel of judges on each weekly show, one…

Interviews

Founders Need to Become Good Generalists at Solving Random Problems

By | Jul 25, 2017 at 8:30 am

Chris Bunnell has worked at a host of startups over the years, always drawn to the opportunity to take a clean slate and create something of value, something that solves someone’s problem, and potentially something that outlasts him. “I feel personally that this is a…

Funding

Maine Voters Approve $50 Million Research and Development Bond

By | Jul 22, 2017 at 12:45 pm

The $50 million bond to support research, development, and commercialization efforts by Maine businesses has officially passed and been signed by the governor, the Secretary of State’s office announced Wednesday. Maine voters considered the bond issue at a special referendum election on June 13….

Funding

Meet 26 Maine Companies That Received Funding from MTI

By | Jul 21, 2017 at 7:15 am

When looking into the Maine startup ecosystem, there are more companies launching each quarter. Looking at the second quarter of 2017, 26 Maine companies, ranging from healthcare IT to manufacturing received funding from the The Maine Technology Institute. One TechStart grant also went to the…

Funding

Vets First Choice Raise $223M Led By CD&R and Hillhouse Capital Group

By | Jul 19, 2017 at 5:00 pm

Vets First Choice, the Portland company founded in 2010 to provide online pharmacy services to veterinary practices, has raised nearly a quarter of a billion dollars in new equity financing to fuel an international expansion. The company revealed on Wednesday morning that it had…

Funding

Panasonic Partners with Pika Energy to Develop Solar Smart Batteries

By | Jul 18, 2017 at 6:30 pm

In an earlier report, we talked with cofounder of Pika Energy Ben Polito about his thoughts on raising venture capital money, and there’s more on the way. Pika Energy in Westbrook has raised $2 million in a convertible debt round, according to a filing…

Interviews

Taking VC Money Depends on the Goals of the Company

By | Jul 17, 2017 at 5:00 pm

Ben Polito and Joshua Kaufman, friends from their days studying engineering at the Massachusetts Institute of Technology, founded Pika Energy in 2010 in a basement in Gorham with a goal to make backyard, residential-scale wind turbines more affordable and accessible. Seven years later, the…

Startup

The Founder of Vets First Choice Just Won the New England Entrepreneur of the Year Award

By | Jul 16, 2017 at 10:30 am

Ben Shaw, founder and CEO of Vets First Choice in Portland, on Tuesday received the New England Entrepreneur of the Year award from Ernst & Young in the healthcare services category. Shaw has grown Vets First Choice, the startup he founded in 2010 to…

Acquisition

Fork Food Lab Acquired by New York-Based Foodworks

By | Jul 14, 2017 at 7:15 am

Fork Food Lab, the food-focused startup incubator in Portland, Maine has been acquired by Foodworks, a New York City-based company that operates two other culinary incubators in the northeast. Neil Spillane and Eric Holstein founded Fork Food Lab last year, officially opening in September…

Funding

NBT Solutions Closes Seed Round Led by Maine Venture Fund and CEI Ventures

By | Jul 12, 2017 at 6:30 pm

NBT Solutions, a Portland, Maine-based developer of mapping software, has raised nearly a million dollars to drive growth of their flagship product VETRO FiberMap, a cloud-based broadband mapping and fiber management system for the telecommunications industry. The company closed the seed round of $773,333 from…

Interviews

Founders Shouldn’t Depend on Their Plan A

By | Jul 11, 2017 at 7:15 am

Leo Corcoran founded his first company when he was in his mid 40s. Today, at 60 years old, his company Portland-based ClaimVantage, employs 35 people and posted $6 million in revenue in 2016 selling cloud-based software for the insurance industry. But it wasn’t always clear it…

Interviews

Finding Capital Can Be Just as Hard as Managing it

By | Jul 4, 2017 at 10:30 am

Claudia Raessler considers herself to have stumbled into running her own business. Yet she and her husband Ken haven’t appeared to suffer from the accidental case of entrepreneurialism and ample capital. The husband-and-wife team—Claudia is managing director, while Ken is president—own and operate Maine Dye &…

Drones

Raptor Maps Drones Are Helping Farmers Keep Their Crops Healthy

By | Jul 2, 2017 at 12:45 pm

In early 2015, Nikhil Vadhaykar and some fellow students at the Massachusetts Institute of Technology has an idea for a company that would use drones to help farmers collect real-time, actionable data about their crops. Vadhavkar, who’s now 28, was pursuing a PhD in…

Startup_Mixology_300x250