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Investors request entirety of Maine Seed Capital Tax Credit’s annual allocation in Q1
It’s only April, but investors have already claimed—pending approvals—the Maine Seed Capital Tax Credit program’s entire annual allocation of $5 million, an event that proponents of the program say could hurt the ability of startups founders to raise funds the rest of the year. The Maine Seed Capital Tax Credit offers investors in eligible early-stage […]
Weekly State Rulemaking Notices – 3/21/18
Proposal: AGENCY: 01-672 – Department of Agriculture, Conservation & Forestry (DACF), Maine Land Use Planning Commission (LUPC) CHAPTER NUMBER AND TITLE: Ch. 13, Metallic Mineral Exploration, Advanced Exploration and Mining. and Ch. 10, Land Use Districts and Standards PROPOSED RULE NUMBERS: 2018-P004, P005 (3rd publication; hearing re-scheduled) BRIEF SUMMARY: The Land Use Planning Commission is […]
Orono high-tech filter maker attracts $2M to expand
An Orono company that uses nanotechnology to make a new type of high-tech filter to purify liquids will complete a $2 million round of investment Tuesday that it will put toward leasing new manufacturing space and hiring up to four people this year. The investment is being led by PureTerra Ventures, a Shanghai, China, venture […]
Upper Hand, Inc. Acquires Leading Video Analysis Technology from Double Blue Sports Analytics, Inc.
INDIANAPOLIS (MARCH 13, 2018) – Upper Hand, Inc., the leader in cloud-based sports management software and business services, today announces the acquisition of video analysis technology from Double Blue Sports, a company that develops advanced and affordable video analysis and sharing applications for athletes, teams, coaches and sport organizations. As part of the acquisition, Upper […]
Shanghai-based fund leads $2M investment in Cerahelix
Cerahelix Inc., the Orono-based startup that’s invented a high-tech filtration device using DNA and ceramics, today closed a $2 million round of fundraising that will help it expand its manufacturing and sales-and-marketing efforts. The $2 million round was led by PureTerra Ventures, a private equity fund based in Shanghai, China. The fund is Dutch-managed and […]
‘Going for it:’ upBed founder goes all-in
One of the tough decisions most entrepreneurs eventually face is when to go all-in on their idea. If they have full-time jobs and families to support and take the leap too early, they risk running out of runway before their startup can gain traction. If they wait too long to commit to their side hustle, […]