Maine Venture Fund

HighByte, Inc. specializes in developing DataOps software tailored for industrial enterprises to address data architecture and integration challenges. Founded in 2018 and based in Portland, Maine, the company offers the HighByte Intelligence Hub, a solution that seamlessly combines real-time, transactional, and time-series data into a single payload for applications. This enables manufacturers to securely collect, model, and transfer valuable industrial data without the need for coding or extensive maintenance. By facilitating rapid system integration and leveraging contextualized data for analytics and artificial intelligence, HighByte helps businesses govern data standards across their operations, enhancing overall efficiency and data utilization.

Pumpspotting is a social network and companion app designed to support breastfeeding and pumping parents by fostering a community centered around milk, motherhood, and the best locations for nursing and pumping. The platform aims to alleviate the isolation often felt by nursing mothers by connecting them with like-minded individuals. Through its software, Pumpspotting allows users to share experiences and advice related to breastfeeding and baby feeding, while also providing a resource for identifying supportive environments for these activities. By promoting interaction and support among working mothers, Pumpspotting enhances the overall experience of parenting and feeding.

TimberHP specializes in the production of energy-efficient construction materials derived from abundant American wood fiber. The company focuses on sustainable and site-assembled building products, utilizing environmentally friendly and durable materials. TimberHP is committed to developing renewable, biodegradable, and non-toxic wood fiber insulation for homes, thereby ensuring that clients receive carefully engineered materials designed for durability and performance. By promoting Maine's historic lumber sector and adopting eco-conscious manufacturing practices, TimberHP aims to enhance living conditions while contributing to the regeneration of local communities.

VETRO FiberMap is a cloud-based fiber management platform designed for broadband providers, municipalities, and telecommunications engineers engaged in the development of next-generation internet infrastructure. Launched in 2016 by Will Mitchell and Sean Myers, the platform addresses the needs of small and mid-sized Internet Service Providers (ISPs) by offering an intuitive and accessible solution for planning, designing, building, and managing fiber networks. It uniquely combines geospatial technology with information management applications, allowing users to visualize and analyze network data effectively. VETRO FiberMap is managed in the cloud and can be accessed through a web browser, promoting ease of use and rapid integration via open APIs. With a commitment to quality design and customer service, VETRO FiberMap supports competitive fiber broadband providers in over a dozen countries, continuously evolving under the guidance of its founders, who have extensive experience in the telecommunications industry. Headquartered in Portland, Maine, VETRO FiberMap is dedicated to enhancing the capabilities of its clients as they develop the next generation of internet infrastructure.

HighByte, Inc. specializes in developing DataOps software tailored for industrial enterprises to address data architecture and integration challenges. Founded in 2018 and based in Portland, Maine, the company offers the HighByte Intelligence Hub, a solution that seamlessly combines real-time, transactional, and time-series data into a single payload for applications. This enables manufacturers to securely collect, model, and transfer valuable industrial data without the need for coding or extensive maintenance. By facilitating rapid system integration and leveraging contextualized data for analytics and artificial intelligence, HighByte helps businesses govern data standards across their operations, enhancing overall efficiency and data utilization.

BlueTrace provides a traceability solution tailored for the seafood industry, specifically focusing on shellfish growers, wholesalers, distributors, and dealers. The company's technology enables organizations of all sizes to enhance their operational efficiency, comply with industry regulations, and manage inventory effectively. By offering a unique tagging and compliance system, BlueTrace helps shellfish farmers meet increasing customer demands while also reducing animal mortality rates and minimizing labor costs. This comprehensive approach supports the optimization of various activities within the seafood supply chain, ensuring that stakeholders can navigate the complexities of the industry with greater ease.

Maine-Lee Technology Group was established with the objective of developing a revolutionary, multidimensional, chemical-free fibre.

Bijou Build is a pioneer in the children's toy sector, with a modular design that is simple to construct, customizable, and portable.

WAVED Medical specializes in developing an image-based risk assessment system aimed at breast care facilities. This system is designed to estimate a patient's likelihood of developing breast cancer by utilizing a patented algorithm for assessment and visualization. By enabling the early detection of breast cancer, WAVED Medical's technology assists healthcare providers in identifying high-risk patients more effectively, allowing for timely interventions and improved patient outcomes.

NKENNE is a mobile application dedicated to fostering a social network for learners and speakers of African languages. The platform aims to build relationships among users while providing comprehensive language learning resources. It features lesson plans, interactive tools such as games and flashcards, and incentives for progress tracking. Users also have the opportunity to engage in conversations with native speakers and receive geolocated notifications that guide them to relevant cultural destinations. By promoting language learning and cultural exchange, NKENNE seeks to uplift individuals and challenge misconceptions about the African continent.

Defendify is a comprehensive cybersecurity platform tailored for small businesses facing increasing security challenges. It provides an All-In-One Cybersecurity® solution that integrates various protective measures, including detection and response, policy development, training, and assessments, into a single subscription service. The platform delivers essential information such as health grades, alerts, and reports, while also offering automated program management to help organizations identify areas for improvement. This user-friendly approach enables businesses without dedicated security teams to effectively safeguard their data and navigate the complexities of the cybersecurity landscape, ensuring robust defense against evolving threats.

Circa develops an online payment platform that offers the community an easy way to collect rent through payment innovation. Its platform also makes it easier for properties to collect rent by giving residents more choice and control over their monthly expenses using flexible payments, credit reporting, and arrears planning.

Senscio Systems, Inc. develops health management solutions aimed at providing valuable information and support for both consumers and clinicians. The company focuses on intelligence management for the U.S. government and personal healthcare management for individuals. Its key offerings include Ibis, an interactive care management system designed to assist patients in adhering to their daily care plans and managing chronic illnesses, and Kiwi, a sensor-equipped device that monitors gait and stance to assess fall risk. Additionally, Senscio Systems has created Egret, a software system that analyzes electronic fund transfer data to identify potential money laundering activities. The company's core technologies facilitate the development of decision support systems tailored for government and commercial markets. Established in 2009 and headquartered in Boxborough, Massachusetts, Senscio Systems was formerly known as Shirley Research Corporation.

Defendify is a comprehensive cybersecurity platform tailored for small businesses facing increasing security challenges. It provides an All-In-One Cybersecurity® solution that integrates various protective measures, including detection and response, policy development, training, and assessments, into a single subscription service. The platform delivers essential information such as health grades, alerts, and reports, while also offering automated program management to help organizations identify areas for improvement. This user-friendly approach enables businesses without dedicated security teams to effectively safeguard their data and navigate the complexities of the cybersecurity landscape, ensuring robust defense against evolving threats.

HighByte, Inc. specializes in developing DataOps software tailored for industrial enterprises to address data architecture and integration challenges. Founded in 2018 and based in Portland, Maine, the company offers the HighByte Intelligence Hub, a solution that seamlessly combines real-time, transactional, and time-series data into a single payload for applications. This enables manufacturers to securely collect, model, and transfer valuable industrial data without the need for coding or extensive maintenance. By facilitating rapid system integration and leveraging contextualized data for analytics and artificial intelligence, HighByte helps businesses govern data standards across their operations, enhancing overall efficiency and data utilization.

Kinotek is a digital health platform that focuses on transforming musculoskeletal treatment and care through innovative motion capture technology. The platform utilizes a proprietary neural network algorithm to digitize whole-body movements, providing clinicians with detailed dashboards and visualizations. This technology enables physical therapists, chiropractors, sports coaches, and other movement health professionals to analyze dynamic human movement effectively. Kinotek's cloud-based platform generates scored reports and 3D visuals, helping clients identify imbalances, restrictions, and compensations that may lead to performance issues, pain, or injury. By offering a unique combination of metrics and user-friendly features, Kinotek supports professionals in optimizing athletic performance and training while minimizing physical strain.

Atlantic Sea Farms specializes in the production of fresh, sustainably farmed kelp, offering a healthy and domestic alternative to imported seaweed. The company focuses on creating innovative and appealing food products made from its seaweeds, which are never dried or dyed. Their kelp is used in a variety of culinary applications, ranging from appetizers to desserts, and is designed to be ready to serve straight out of the package. By providing fresh frozen kelp products to consumers, restaurants, and food service organizations, Atlantic Sea Farms aims to positively impact both public health and the marine ecosystem while supporting local fishing communities in Maine.

Pumpspotting is a social network and companion app designed to support breastfeeding and pumping parents by fostering a community centered around milk, motherhood, and the best locations for nursing and pumping. The platform aims to alleviate the isolation often felt by nursing mothers by connecting them with like-minded individuals. Through its software, Pumpspotting allows users to share experiences and advice related to breastfeeding and baby feeding, while also providing a resource for identifying supportive environments for these activities. By promoting interaction and support among working mothers, Pumpspotting enhances the overall experience of parenting and feeding.

American Unagi specializes in the sustainable aquaculture of American eels, focusing on the unique glass eel fishery in Maine. The company raises these eels in a land-based, recirculating aquaculture system, ensuring that the farming process is responsible and environmentally friendly. By sourcing glass eels directly from Maine and growing them to market size without the use of hormones or antibiotics, American Unagi provides a traceable and safe eel product. This approach not only enhances the quality of the eels but also offers consumers a more sustainable alternative to current eel products available in the United States.

True Fin Seafood specializes in sourcing premium seafood from the Gulf of Maine, catering to both professional and home chefs. The company directly purchases from local fishermen, ensuring that its seafood is of the highest quality and fully traceable. This approach not only supports coastal communities but also promotes sustainable fishing practices. In addition to providing top-notch seafood, True Fin Seafood offers training services focused on proper handling techniques, further enhancing the quality of its products. The company is committed to delivering seafood that is good for its customers and beneficial for the ocean ecosystem.

HighByte, Inc. specializes in developing DataOps software tailored for industrial enterprises to address data architecture and integration challenges. Founded in 2018 and based in Portland, Maine, the company offers the HighByte Intelligence Hub, a solution that seamlessly combines real-time, transactional, and time-series data into a single payload for applications. This enables manufacturers to securely collect, model, and transfer valuable industrial data without the need for coding or extensive maintenance. By facilitating rapid system integration and leveraging contextualized data for analytics and artificial intelligence, HighByte helps businesses govern data standards across their operations, enhancing overall efficiency and data utilization.

VETRO FiberMap is a cloud-based fiber management platform designed for broadband providers, municipalities, and telecommunications engineers engaged in the development of next-generation internet infrastructure. Launched in 2016 by Will Mitchell and Sean Myers, the platform addresses the needs of small and mid-sized Internet Service Providers (ISPs) by offering an intuitive and accessible solution for planning, designing, building, and managing fiber networks. It uniquely combines geospatial technology with information management applications, allowing users to visualize and analyze network data effectively. VETRO FiberMap is managed in the cloud and can be accessed through a web browser, promoting ease of use and rapid integration via open APIs. With a commitment to quality design and customer service, VETRO FiberMap supports competitive fiber broadband providers in over a dozen countries, continuously evolving under the guidance of its founders, who have extensive experience in the telecommunications industry. Headquartered in Portland, Maine, VETRO FiberMap is dedicated to enhancing the capabilities of its clients as they develop the next generation of internet infrastructure.

Nearpeer, Inc. is a company based in Portland, Maine, that specializes in developing peer engagement software for college students. Founded in 2017, Nearpeer offers an application that facilitates international connections among students, allowing them to learn about and communicate with each other. This platform enables users to crowdsource social and academic support, ultimately aiming to enhance student persistence and academic performance. The app is available for download on both Google Play and the App Store.

Pumpspotting is a social network and companion app designed to support breastfeeding and pumping parents by fostering a community centered around milk, motherhood, and the best locations for nursing and pumping. The platform aims to alleviate the isolation often felt by nursing mothers by connecting them with like-minded individuals. Through its software, Pumpspotting allows users to share experiences and advice related to breastfeeding and baby feeding, while also providing a resource for identifying supportive environments for these activities. By promoting interaction and support among working mothers, Pumpspotting enhances the overall experience of parenting and feeding.

HighByte, Inc. specializes in developing DataOps software tailored for industrial enterprises to address data architecture and integration challenges. Founded in 2018 and based in Portland, Maine, the company offers the HighByte Intelligence Hub, a solution that seamlessly combines real-time, transactional, and time-series data into a single payload for applications. This enables manufacturers to securely collect, model, and transfer valuable industrial data without the need for coding or extensive maintenance. By facilitating rapid system integration and leveraging contextualized data for analytics and artificial intelligence, HighByte helps businesses govern data standards across their operations, enhancing overall efficiency and data utilization.

Reconnect, Inc. operates a platform that combines software, hardware, and data to enhance outcomes for individuals involved in the criminal justice system, particularly during pretrial, reentry, and recovery phases. Founded in 2009 and headquartered in Cumberland Center, Maine, with additional offices in Portland, Brooklyn, and Boston, the company provides solutions utilized by drug courts, probation, parole, and third-party administrators. Reconnect's automatic monitoring and communication application facilitates remote monitoring of individuals on probation and parole, featuring integrated notification systems and GPS capabilities for appointment reminders and curfew checks. As a Public Benefit Company, Reconnect is dedicated to positively impacting those facing addiction and aims to reduce incarceration, recidivism, and associated costs for defendants in the system.

Defendify is a comprehensive cybersecurity platform tailored for small businesses facing increasing security challenges. It provides an All-In-One Cybersecurity® solution that integrates various protective measures, including detection and response, policy development, training, and assessments, into a single subscription service. The platform delivers essential information such as health grades, alerts, and reports, while also offering automated program management to help organizations identify areas for improvement. This user-friendly approach enables businesses without dedicated security teams to effectively safeguard their data and navigate the complexities of the cybersecurity landscape, ensuring robust defense against evolving threats.

CourseStorm, Inc. is a company that specializes in developing an online class registration software tailored for local programs. Founded in 2011 and headquartered in Orono, Maine, CourseStorm provides a comprehensive platform that simplifies the class registration process for various community programs, including education, kids’ camps, health, arts, music, and recreational activities. The platform manages class registration, publishing, marketing, and credit card transactions, thereby alleviating the challenges associated with manually recruiting students and processing registrations. By enabling community education and college programs to publish their catalogs online, CourseStorm facilitates a seamless experience for students seeking to find and enroll in their preferred classes.

Dream Local Digital is a digital marketing agency based in Rockland, Maine, specializing in providing comprehensive marketing services to small and medium-sized businesses, as well as non-profit organizations across the United States. Founded in 2009, the company offers a range of services including online marketing strategy development, social media management, email marketing, reputation management, and SEO analysis. In addition to its core offerings, Dream Local Digital collaborates with partners to provide services such as search engine marketing, website design and management, and business intelligence reporting. The agency has built a reputation for working closely with newspapers, media companies, and advertising agencies to enhance their online presence and marketing effectiveness. Dream Local Digital is recognized as a Google Partner and a certified Facebook Blueprint company, reinforcing its commitment to delivering high-quality digital marketing solutions.

Walch Education operates an educational platform that focuses on providing customizable curriculum solutions for school districts and teachers. With the launch of its cloud-based tool, Curriculum Engine, the company enables educators to tailor and manage their curriculum for both in-class and remote learning environments. This platform fosters collaboration among educators and promotes the sharing of best practices, moving away from standardized solutions that do not meet the diverse needs of students. Walch Education partners with some of the largest school districts in the country, facilitating the creation of tailored resources to enhance learning experiences in mathematics and science. The company’s innovative, patent-pending object-oriented architecture allows for the correlation of performance data with instructional methods, offering valuable insights into educational effectiveness.

Amplify Additive is an early-stage private company specializing in metal additive manufacturing, primarily targeting the orthopedic implant and instrument market. Utilizing GE Additive’s Arcam Q10plus EBM technology, the company focuses on enhancing industry infrastructure to assist clients in effectively leveraging additive manufacturing for their designs. Amplify Additive offers a range of services, including 3D metal printing, implant manufacturing, design and engineering, regulatory guidance, and third-party testing. Through these services, the company enables clients to access appropriate technologies tailored to specific orthopedic applications, while also exploring markets beyond orthopedics.

BlueTrace provides a traceability solution tailored for the seafood industry, specifically focusing on shellfish growers, wholesalers, distributors, and dealers. The company's technology enables organizations of all sizes to enhance their operational efficiency, comply with industry regulations, and manage inventory effectively. By offering a unique tagging and compliance system, BlueTrace helps shellfish farmers meet increasing customer demands while also reducing animal mortality rates and minimizing labor costs. This comprehensive approach supports the optimization of various activities within the seafood supply chain, ensuring that stakeholders can navigate the complexities of the industry with greater ease.

Mobile Price Card, Inc. is a company based in Bangor, Maine, that specializes in developing a mobile application for wireless retailers. Founded in 2017, the company offers digital price cards that can be quickly updated through a user-friendly web-based dashboard. This application allows retailers to display dynamic content on in-store display devices, enhancing their advertising efforts by presenting targeted consumer messages at the point of purchase. By utilizing existing display devices, Mobile Price Card helps consumer electronics retailers save time and money while improving sales effectiveness. The platform aims to streamline the process of content management, enabling retailers to respond swiftly to market changes and customer needs.

MedRhythms Inc. is a neuro-rehabilitation company that specializes in neurologic music therapy, employing sensors, music, and artificial intelligence to create evidence-based interventions. Founded in 2013 and based in Boston, Massachusetts, MedRhythms aims to assist individuals affected by conditions such as traumatic brain injury, stroke, Parkinson's disease, and Huntington's disease. The company's approach focuses on the intersection of music, neuroscience, and technology, developing programs to enhance sensorimotor, speech, language, and cognitive functions. By utilizing innovative methodologies, MedRhythms enables patients to leverage music as a therapeutic tool to stimulate brain activity and improve their walking and functional outcomes.

Cerahelix, Inc. is a company based in Orono, Maine, that specializes in the design and manufacture of ceramic membrane filters for a variety of applications, including water purification, resource recycling, and biomass processing. Founded in 2011, Cerahelix develops bio-derived products utilizing patented DNA template technology to create sub-nanometer pores in ceramic membranes. This innovative approach allows for the effective filtration of minute particles, enabling the separation of salts, metal ions, and other impurities at the molecular level. The company offers a range of products, including single-channel elements for laboratory and small pilot studies, multi-channel elements for commercial applications, and filter element housings. Additionally, Cerahelix provides laboratory test systems for research and development purposes. Its products serve multiple industries, including food and beverage, mining, pharmaceuticals, and waste-to-energy.

Hyperlite Mountain Gear Inc. specializes in designing and manufacturing ultralight outdoor products tailored for adventure enthusiasts. Founded in 2010 and based in Biddeford, Maine, the company offers a range of items including backpacks, tents, shelters, tarps, and accessories, all crafted from durable Cuben Fiber material. Their products are designed to enhance the outdoor experience by improving weight, durability, and versatility, thereby enabling users to hike, backpack, climb, pack-raft, kayak, or cycle with greater efficiency and enjoyment. Hyperlite Mountain Gear markets its offerings online, providing a variety of backpack sizes and component tent systems to meet the diverse needs of adventurers.

NBT's designs and delivers unique software that unlocks value in data through geographic analysis, presentation, and visualization.

CourseStorm, Inc. is a company that specializes in developing an online class registration software tailored for local programs. Founded in 2011 and headquartered in Orono, Maine, CourseStorm provides a comprehensive platform that simplifies the class registration process for various community programs, including education, kids’ camps, health, arts, music, and recreational activities. The platform manages class registration, publishing, marketing, and credit card transactions, thereby alleviating the challenges associated with manually recruiting students and processing registrations. By enabling community education and college programs to publish their catalogs online, CourseStorm facilitates a seamless experience for students seeking to find and enroll in their preferred classes.

Chimani, Inc. develops an application that provides comprehensive information on national and state parks, aimed at enhancing the outdoor experience for users. Founded in 2010 and based in Portland, Maine, the application includes features such as sunrise and sunset data, tidal information, ranger-led event schedules, and travel guides. Additionally, it offers audio tours, professional photography, and access to news from National Park Traveler. By addressing common challenges faced by visitors, such as overcrowding and lack of information, Chimani helps travelers navigate park amenities and trails, ensuring a quality experience in nature.

Wentworth Technology, Inc. specializes in wireless communication solutions tailored for the restaurant industry in the United States. Founded in 2010 and based in Saco, Maine, the company offers a range of products designed to enhance drive-thru operations. Key offerings include the SpeedThru drive-thru headset system, which features noise cancellation technology, and the Greeter system that delivers timely messages to customers regarding promotions and operational updates. Additionally, Wentworth Technology provides Timers, which visually display drive-thru traffic metrics to facilitate real-time operational adjustments. With a team boasting over 60 years of combined experience, the company is committed to producing high-quality products and maintaining reliable service while adapting to industry trends and customer feedback.

FineTune, formerly known as Academic Merit, is a Boston-based educational technology company focused on providing a platform for qualitative assessment at scale across various educational and training sectors. Their platform aims to enhance the measurement of skills and competencies that are typically difficult to evaluate, ensuring coherence and consistency in assessments. FineTune also emphasizes inter-rater reliability, equipping a large number of evaluators with the necessary training for consistent evaluation practices. The company's notable partnership with the College Board involves the development of an advanced assessment platform tailored for Advanced Placement courses. Additionally, FineTune's software facilitates online professional development, instruction, and learning services that enhance literacy among students.

Certify provides an online travel and expense management solution tailored for organizations of all sizes. The platform enables users to book travel and generate expense reports with ease and efficiency, requiring minimal training thanks to its intuitive data entry options and user-friendly interface. Certify operates entirely online, eliminating the need for software purchases, server maintenance, or extensive IT support, as it only requires a standard internet connection. This approach allows companies worldwide to streamline their travel and expense processes effectively.

Orono Spectral Solutions, Inc. is a company based in Hermon, Maine, specializing in the development of advanced sampling materials and technologies for the detection of chemical and biological agents in air and water. Founded in 2004, the company offers a range of products designed for trace to bulk quantity analysis, including systems for measuring hydrocarbons in urea liquor and waste water, as well as advanced surface sampling technologies for chemical agents. Its solutions aim to enhance safety, accuracy, and efficiency in the sampling process, catering primarily to military and emergency response sectors. By focusing on innovative methods for contamination measurement, Orono Spectral Solutions facilitates the identification of hazardous materials, thereby supporting global safety and environmental initiatives.

Hyperlite Mountain Gear Inc. specializes in designing and manufacturing ultralight outdoor products tailored for adventure enthusiasts. Founded in 2010 and based in Biddeford, Maine, the company offers a range of items including backpacks, tents, shelters, tarps, and accessories, all crafted from durable Cuben Fiber material. Their products are designed to enhance the outdoor experience by improving weight, durability, and versatility, thereby enabling users to hike, backpack, climb, pack-raft, kayak, or cycle with greater efficiency and enjoyment. Hyperlite Mountain Gear markets its offerings online, providing a variety of backpack sizes and component tent systems to meet the diverse needs of adventurers.

Newfield Design is a Maine, US based company that designs, develops and manufactures communications systems infrastructure. The founders have decades of experience in successful communications system design, development, deployment and management, particularly with Public Safety, Commercial/SMR and Critical Infrastructure communications systems.

Foneshow has built a telephony-based distribution platform for short-form audio (primarily news/talk/sports radio programming). The platform leverages the cellular telephone network and enables users to subscribe to, access, publish, share, and consume short-form audio programming immediately from virtually any cell phone. The system features the very rapid propagation of programming from the creator to the consumer. Patents are pending. Foneshow was founded in late August of 2006 on Ballston Beach in Truro, Massachusetts by Erik Schwartz and Nic Wolff, two technology industry veterans and lifelong friends. Nic and Erik had been kicking some of the ideas around for a while, wondering why they never listened to podcasts. In late summer 2006 they developed the ideas that would become Foneshow. They started coding in September of 2006 with alpha launching later in September. The foneshow.com domain was registered in October 2006. The company was organized as a Delaware LLC in November of 2006. In August of 2007 Foneshow closed a series A venture capital round with CEI Community Ventures, Masthead Venture Partners, and Small Enterprise Growth Fund of Maine.

Anodyne Health Partners specializes in providing business intelligence solutions and revenue cycle management software for healthcare providers, particularly focusing on large provider groups and hospital-based physician practices. Their web-based software simplifies access to essential revenue cycle information, enhancing the ability of healthcare organizations to manage their financial operations effectively. In addition to their software offerings, Anodyne Health also provides outsourced billing services, further supporting healthcare providers in optimizing their revenue processes.

Stillwater Scientific Instruments (SSI) is developing a device that dramatically decreases the time it takes to analyze chemical compounds in the laboratory. This device, a component of mass spectrometers will be sold to laboratory equipment manufacturers. Mass spectrometers are sold primarily in the biomedical and pharmaceutical industries, as well as environmental fields in which complex chemical mixtures must be accurately identified. This device was developed through research at the University of Maine, and Stillwater Scientific Instruments was founded to commercialize this technology. The project has received funding from the National Science Foundation and the Maine Technology Institute.

BlueTarp Financial is a B2B credit management company founded in 1998 and headquartered in Portland, Maine. It serves over 2,000 suppliers by providing upfront payments for sales, which mitigates credit risk and allows businesses to fund their growth. Suppliers have the flexibility to customize their credit management programs, opting to either maintain their existing customer interactions or utilize a full-service option where BlueTarp manages customer service and collections. The company offers various features, including credit lines up to $1 million and terms of up to 90 days, along with a loyalty rewards program. BlueTarp's SmartView™ online tools provide suppliers with transparency into customer buying and payment behaviors, enhancing their ability to manage cash flow and reduce financial risk.

Phylogix Inc. is a biotechnology company focused on tissue protection and oncology. The company develops lectin-based drugs focused on tissue protection, oncology, and immunology. It also involves in the development of FRIL, an agent to protect patients from the toxic side-effects of chemotherapy. Phylogix Inc. is based in Scarborough, Maine.

Coast of Maine Organic Products, founded in 1996, is dedicated to promoting healthy soil as a foundation for a thriving planet. The company specializes in the manufacture of organic gardening products, including compost-based soils and mulches tailored for lawn and garden applications. Their product line encompasses compost, fertilizers, and supplements that are designed to enhance soil biology, thereby enabling homeowners and gardening professionals to cultivate their plants organically and naturally. With a commitment to sustainable practices, Coast of Maine Organic Products aims to provide unique and effective solutions for organic gardening.