Tuesday September 2, 2014
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Tuesday September 2, 2014

Contributors: Business - The Startup Line

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    Tuesday Aug 26, 2014 | 5:29 pm

    WordPress parent company acquires Maine’s BruteProtect

    Automattic, owner of the popular WordPress website platform, has acquired a Bath-based web development startup that’s been around less than two years. It was in April 2013 that Sam Hotchkiss, a web developer who lives in Brunswick, locked himself in his basement with an idea for a security plug-in for the WordPress platform, which is used by millions of website owners around the world (including this one). After 18 hours of coding, he emerged with a plug-in […]

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  • Friday Aug 22, 2014 | 6:30 am

    Maine Angels recognized nationally for ability of portfolio companies to raise more money

    The Maine Angels has found itself at the top of a national ranking of elite angel investment groups. While the Maine group, a collection of affluent individuals who pool their resources to invest in and mentor early-stage companies, is not listed in the top 20 of the overall ranking of angel investment groups, it does top the rankings of angel investment groups in another important metric, according to a national ranking by CB Insights, a research […]

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  • Wednesday Aug 20, 2014 | 11:19 am

    Inc. 5,000 list names Maine energy firm one of country’s fastest-growing private companies

    Inc. magazine on Wednesday released its list of the country’s 5,000 fastest-growing private companies. This year, 14 Maine companies made the list. However, only one made the elite Inc. 500 and it’s at the top of that list — at No. 6. That’s the highest ranking for a Maine company I can remember, but have yet to confirm that by poring over past Inc. 5,000 lists. Provider Power, a competitive electricity provider based in Auburn, sells electricity […]

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  • Tuesday Aug 19, 2014 | 10:45 am

    Maine slips in national cleantech ranking

    Maine has dropped three spots on the U.S. Clean Tech Leadership Index, a national report that ranks states and metropolitan areas on their support of the “cleantech” sector. Cleantech is a loose term, but is generally understood to encompass any type of technology related to renewable energy generation, increasing energy efficiency or resource management. Maine ranked 29th in the 2014 Clean Tech Leadership Index, a drop from its 26th place […]

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    Friday Aug 08, 2014 | 8:15 am

    WEX ponders launch of accelerator for payment startups, but Portland’s not a shoe-in

    During the Maine Startup and Create Week panel on Portland’s payment innovation cluster, Nicola Morris, WEX’s senior vice president for corporate development, mentioned that WEX was contemplating the creation of a business accelerator program for startups working in the payment technology, or fintech, space. That piqued the interest of the crowd … until Morris said the company was looking to do so in London. The admission likely disappointed many in the room who’d expect South Portland-based […]

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    Friday Aug 01, 2014 | 1:08 pm

    Free for the taking: MCED posts entrepreneurship tutorials online

    Looking for some free resources to help move your business idea closer to reality? If so, you’re in luck. The Maine Center for Entrepreneurial Development has made available for free some of its online tutorials for Top Gun Prep, the online course it offers aspiring entrepreneurs. The five tutorials, which can be found here, are new and should be considered a beta version, according to Don Gooding, MCED’s executive director. “It’s a free beta […]

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    Friday Jul 25, 2014 | 9:41 am

    Westbrook’s Pika Energy receives DOE grant, total outside funding surpasses $2 million

    The U.S. Department of Energy has awarded $700,000 to Pika Energy, a four-year-old energy startup in Westbrook, to help it improve the performance and manufacturing process for its residential-scale wind turbines. The grant brings the total outside funding the company has received to more than $2 million. “The new DOE funding is great news because it enables us to make our products even more cost effective and more powerful,” Ben […]

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  • Monday Jul 21, 2014 | 4:37 pm

    Venture capital investment in Maine tops $16 million in Q2

    Venture capital investment in Maine startups topped $16 million during the second quarter of 2014, a significant increase from the same quarter last year, according to a new industry report. Venture capitalists, who typically invest in early-stage companies, invested nearly $16.1 million in two Maine startups during the second quarter, according to the MoneyTree Report, which was released Friday. PricewaterhouseCoopers and the National Venture Capital Association compiled the report using data from […]

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  • Monday Jul 21, 2014 | 8:18 am

    Maine bakery featured in Google economic impact report

    Fresh off her win at the Entreverge awards, Briana Warner and her Portland bakery business are now being featured in a national report from Google about the economic impact its search engine and advertising platforms have in the country. Google’s economic impact report is a publicity stunt, but it does include some noteworthy state-by-state numbers. The Internet giant claims in its report that its search engine and advertising platforms helped provide $286 million in […]

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