Portland, Maine

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 …


Portland, Maine

Maine Technology Institute Provides $1.2M to Help Industry Clusters

By | Dec 28, 2016 at 10:30 am

The Maine Technology Institute announced this week that it has provided more than $1.2 million to four organizations dedicated to growing  Maine’s high-potential, technology-enabled industry clusters. The grants, which come from MTI’s Cluster Initiative Program, were given …


Portland, Maine

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

Portland, Maine

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…


Portland, Maine

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 …

Case Study

Portland, Maine

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 …


Portland, Maine

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 …


Portland, Maine

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…


Portland, Maine

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…


Portland, Maine

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…


Portland, Maine

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…


Portland, Maine

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 …


Portland, Maine

Who is Maine’s Hottest Showcasing Startup? [Poll]

By | Jun 9, 2014 at 5:22 pm

Tech Cocktail is now being served in Maine.  That’s right, later this month, Tech Cocktail is coming to ME. We heard through the grapevine that the Pine Tree State is home to some great early stage startups and a bubbling technology scene (and it’s our…