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Circa, led by CEO and co-founder Leslie Hyman, raised the funds from a combination of individual investors, angel investors and venture capital firms.
The new Pandemic Recovery for an Innovative Maine Economy Fund aims to help technology companies that didn't access other federal pandemic-response economic support programs.
The state has relied on the same contractor since 2007 for voter registration and election management technology. The newly hired vendor, whose contract could run to 2032, wasn't the first choice.
"As the war has continued, with no foreseeable resolution in sight, we reevaluated our relationship with Lukoil, and have decided to discontinue this relationship," the Portland-based financial technology services provider said in a statement Friday
The state-sponsored VC firm has pledged up to $250,000 annually over the next three years to support startups planning to grow in Maine. MVF also will use the Roux Institute as a Portland co-working office.
The Portland-based financial technology provider said it expects revenue growth in the range of 8% to 12%, provided foreign exchange rates and fuel prices remain stable over the next five years.
The projects will deliver up to 2-gig internet speeds to residents and businesses. About 21,000 addresses will have access to the fiber network.
The report compared 50 states and the District of Columbia according to human capital and innovation environment.
The Roux Institute has a bold, 20-year plan to create a new education and research center and business incubator on the site of the former B&M Baked Bean factory. Not everyone is pleased about the project, however.
A contributor from the Association for Consulting Expertise advises a reader who's trying to make sense of today's abundance of marketing technology.
The Good Crust, bluShift Aerospace and the GenoTyping Center are among the startups named to the inaugural cohort of the Dirigo Labs accelerator program, which is set to launch in Waterville.
Recommendations include stronger investment in math and science education, greater access to broadband, expanded public early college, and more inclusive thinking for traditional industries as STEM jobs of the future.
The sector employed 36,000 workers in Maine, or 5.4% of the workforce, a share that ranked 41st in the U.S. But the state was 24th when it came to net change in tech employment.
The lab is proposed to expand UMaine’s Advanced Structures and Composites Center and support advanced technologies such as artificial intelligence, high-performance computing and arrays of large 3D printers.
Greater care coordination for high-risk individuals is the goal behind setting up a cloud-based electronic health record system for Maine’s long-term care facilities.
Guest columnist Rob Simopoulos, a cybersecurity expert, writes that the international conflict today includes not only physical weapons, but also digital weapons.