Funding

Report: Maine SBDC Clients Secured $47.1M in 2016

By | Feb 13, 2017 at 8:30 pm

Business owners who sought assistance from the Maine Small Business Development Centers (SBDC) raised $47.1 million in capital during 2016, more than any other year in the program’s 40-year history, according to the Maine SBDC’s recently released annual report. Maine SBDC surveyed 1,583 of their clients…

Accelerator

MaineHealth, Unum Commit $200K to Support Startup Accelerator in Portland

By | Feb 11, 2017 at 12:45 pm

MaineHealth and Unum are betting that technology startups will drive significant innovation and growth within the healthcare industry, and are investing money and resources to attract some of those startups to Portland. The two companies — which are two of the largest employers in…

Ecosystems

MTI Provides Grants to Seven Maine Companies

By | Feb 5, 2017 at 12:45 pm

While the Maine startup ecosystem goes somewhat unrecognized, the burgeoning tech and innovative startups are making some serious moves. The Maine Technology Institute has awarded $95,213 in grants to seven Maine companies in hopes of jump starting the ecosystem. To be more specific, MTI…

Funding

CEI Ventures Closes Fourth VC Fund at $10 Million

By | Jan 26, 2017 at 10:30 am

CEI Ventures announced the closing of its fourth venture capital fund with nearly $10 million available to invest in startups in Maine and the Northeast. The Coastal Ventures IV fund has been operating for the past year since their raise of $7.2 million and initial closing in…

Education

NASA Sending UMaine Prototype to the International Space Station

By | Dec 19, 2016 at 5:50 pm

A wireless leak detection system developed by graduate students at the University of Maine will be part of the International Space Station. It will be the first hardware from UMaine, at least in recent memory, that will function in space for a long period of…

Startups & Apps

Meal-Delivery Venture Wins York County Pitch Contest

By | Dec 19, 2016 at 11:20 am

An organic farm in Arundel won the second Pitch York County pitch contest held Thursday night in Biddeford. How does a farm win a business pitch contest? By innovating the way they package and deliver food to their customers. Like many local farms, Frinklepod…

Drones

Raptor Maps Raises Funds for Farm-Focused Drone Technology

By | Dec 12, 2016 at 10:30 am

When it comes to drones, venture capital firms love to get involved. Raptor Maps is no different. This startup held pilot projects this year in Aroostook County to test the use of its drone technology in the agriculture industry. Raptor Maps has announced that they’ve raised an undisclosed…

Case Study

What Biovation CEO Kerem Durdag Learned About His Company’s Failure

By | Mar 31, 2016 at 3:48 pm

Editor’s Note: This post originally appeared on Maine Startups Insider. Visit Maine Startups Insider to read more about Maine’s startup community and subscribe to the weekly newsletter. Companies fail. It happens, a lot. But entrepreneurs, founders, CEOs — they don’t often like to talk…

Funding

Maine Angels Among Most Active Angel Investment Groups in 2015

By | Mar 28, 2016 at 4:26 pm

The Maine Angels was one of the country’s most active angel investment groups in 2015, according to a national survey of angel investment activity. The group, which consists of accredited private equity investors who pool their resources to invest in and mentor early-stage companies (aka angel investors), closed 23…

Funding

Two Maine Companies Awarded i6 Federal Grants

By | Feb 8, 2016 at 11:15 am

Today, members of the federal government, Congress, and entrepreneurs met at the Maine Center for Entrepreneurial Development (MCED) to announce two new local i6 grant awardees. The i6 grants are to be awarded to MCED and Coastal Enterprises (CEI), and focus on job creation…

Conferences

Who’s Speaking at Maine Startup & Create Week?

By | Jun 22, 2015 at 11:00 am

Whenever I’m planning to attend a conference or industry event, the first thing I do is check out the list of speakers and panels. This week (June 22-28) is the 2nd annual Maine Startup & Create Week, a conference to support, showcase, and encourage Maine startups…

Conferences

Register Now for Maine Startup & Create Week

By | Jun 12, 2015 at 7:00 pm

Maine is more than just lobster and beards. It’s also a great place to start up. In fact, Maine is home to so many innovators, makers, creators, and entrepreneurs, that they’ve decided to devote a weeklong conference to them. From June 22-28, the city…

Real Estate

OwnerAide Helps Real Estate Professionals Build Meaningful Networks

By | Jul 23, 2014 at 9:37 am

Real estate is a tough field to navigate, for both homeowners and the professionals who work in the field. With the rise of highly successful web platforms such as Zillow and Trulia, real estate agents and brokers are faced with the challenge of keeping up. The founders…

Startups & Apps

Maine Startup Buoy Local Encourages Portlanders to Buy Local

By | Jul 11, 2014 at 10:35 am

We’ve all seen the push in recent years to buy local. Whether it’s food, products, or services, locally owned businesses help the economy grow and keep small towns and cities thriving. One startup in Maine is aiding in this cause by encouraging consumers to spend locally…

Events

MiFilter And bizzieMe Win Our Maine Mixer & Startup Showcase

By | Jun 20, 2014 at 7:30 pm

Last night we held our first ever Mixer & Startup Showcase in Portland, Maine at the Masonic temple. Over 150 attendees packed the venue and stood witness as 10 startups duked it out for first place. Part of the reason we chose Maine is…

Business

5 Damn Good Reasons to Startup in Maine

By | Jun 11, 2014 at 12:00 pm

I say Maine, you say…lobster? Maine’s startup scene might not be nationally famous like its lobsters, but crustaceans aren’t the only things cooking in the Pine Tree State. If local entrepreneurs and investors get their way, Maine’s startup scene will soon be sizzling.  Of…

Startup_Mixology_300x250