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Funding

Maine

VentureWell to Fund UMaine Student-Led Biotech Startup

By | Dec 13, 2017 at 7:15 am

VentureWell, a Massachusetts-based nonprofit that supports science and technology entrepreneurs, has selected a medical simulation startup founded by University of Maine students to receive funding and training. The company, Zephyrus Simulation LLC, was spun off from a product developed by a group of bioengineering…

Accelerator

Maine

Top Gun Accelerator Is Getting a Fresh New Look

By | Dec 9, 2017 at 10:30 am

The Maine Center for Entrepreneurial Development organization, founded in 1997 to help train entrepreneurs, celebrated its 20th anniversary with the unveiling of a new name and logo, and will change its name to the Maine Center for Entrepreneurs. While a small change, it shifts…

Funding

Maine

STARC Systems Closes $3.4M Round Led by Blue Heron Capital

By | Dec 6, 2017 at 8:30 am

STARC Systems, a five-year-old company in Brunswick, Maine, that sells innovative containment systems for the construction industry, has received a $3.4 million investment led by Blue Heron Capital. Blue Heron has a “growth-equity” investment fund that focuses on the healthcare and tech-enabled business services…

Accelerator

Maine

Maine’s Largest Hospital Launches Internal Health Tech Accelerator

By | Nov 27, 2017 at 9:20 am

Maine Medical Center, Maine’s largest hospital, is investing in their employees and giving them a chance to act on their innovative ideas that could transform healthcare. The Innovation Cohort is the hospital’s internal startup accelerator for physicians and other employees who have ideas for…

Ecosystems

Maine

New Economy Index Report Ranks Maine 36th in the Nation

By | Nov 23, 2017 at 2:30 pm

A new report by the 2017 State New Economy Index that assesses states’ fundamental abilities to successfully navigate an economy driven by technological innovation has placed Maine near the bottom of the pack. Overall, Maine ranked 36th in the Index, prepared by the nonprofit Information…

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Accelerator

Maine

Scratchpad Accelerator Announces New Female-Led Startups

By | Nov 9, 2017 at 7:15 am

Scratchpad Accelerator, a Maine-based female-focused accelerator, has announced the four companies that will take part in its first entrepreneurial-training program. The four startups will be: True North Beauty (Milo, Maine) a skincare products company. Herbal Revolution (Lincolnville, Maine) produces herbal tonics and elixirs. Parkupine (Norfolk, VA)  a mobile…

Co-working Spaces

Maine

Female-Focused Coworking Space to Open in Maine

By | Nov 2, 2017 at 9:20 am

A new wave of female-focused coworking spaces are popping up around the country. And Portland, Maine will soon join New York City, Washington, D.C., and San Diego in the wave. Founder Heather Ashby will launch the new coworking space, CoworkHERS later this year. She feels traditional coworking spaces,…

Diversity

Maine

How the Maine Tech Ecosystem Nurtures Female Entrepreneurship

By | Oct 30, 2017 at 8:30 am

According to a 2015 Pew Research Center survey, 43 percent of Americans believe that women in executive business positions are held to higher standards than men. The same percentage of respondents believe that people and companies in the United States aren’t prepared to hire…

Food

Maine

Smart Self-Serve Kiosk Makes Lunch a Snap

By | Oct 24, 2017 at 8:30 am

It’s lunchtime and you only have 15 minutes to grab your food and go and having a healthy food choice already prepared would be ideal. That’s the thought behind the startup Veebie, a self-service food cart where customers can order and pay for their grab-and-go meal…

Interviews

Portland, Maine

Vet Your Ideas Before You Start Coding

By | Oct 20, 2017 at 7:15 am

The startups that often garner the most attention are working on consumer technology or other trendy areas like blockchain, fintech, biotech, etc. But innovation is happening in less-visible industries, as well. Spring Point Solutions is a perfect example. The Portland-based software developer is operating…

Interviews

Maine

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

Portland, Maine

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

Maine

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

Maine

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

Maine

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

Maine

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…

Accelerator

Maine

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…