Pelletco, a renewable energy startup in Orono, has received an investment of $1.5 million from a venture capital firm in Connecticut, according to CEO James Knight. The investment comes from CleanFeet Investors and brings Pelletco’s total outside investment to $3 million. “CleanFeet is one of the pre-eminent clean energy investment funds in the Northeast and this financial partnership will allow us to […]
Whit Richardson
Posted inThe Startup Line
Putney CEO wins prestigious award, closes $16M equity round
Jean Hoffman is having a good week. On Friday, her company, Putney Inc., raised $16 million in its latest round of financing. Four days later, on Tuesday evening, she was named New England’s Entrepreneur of the Year in the life sciences category by Ernst & Young, one of the largest professional services firms in the world. Hoffman founded Putney in […]
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Two Maine startups vying for $250K in Silicon Valley’s Cleantech Open
Two Maine startups have been selected to vie for $250,000 as part of the Cleantech Open, a national competition designed to spur innovation in the clean energy and technology sectors. The Silicon Valley-based accelerator program has selected Introspective Systems, based on Peaks Island, and Parent Technology Group of Windham as semifinalists in its Northeast region. They join 36 other […]
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NHL taps Orono startup for Stanley Cup finals
If you’ve watched any of the NHL Network’s pre- or post-game coverage during the first two games of the Stanley Cup finals, chances are you’ve watched the commentators use technology developed in Orono to analyze the performance of the two starting goalies. You and a couple million other people. Double Blue Sports Analytics, an Orono-based startup I […]
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Welcome to The Startup Line
Welcome to The Startup Line, my new blog on entrepreneurship and innovation in Maine. It’s an exciting time to be a journalist covering entrepreneurship in Maine. Here’s why: Approximately 80 percent of Maine’s economic growth comes from innovation, according to the Maine Development Foundation’s 2014 Measures of Growth report. It’s what ignites Maine’s economy and […]