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Maine’s expansive North Woods and long coastline are home to many natural resources on which Maine’s economic growth rests (and it’s not all lobster). From paper to pine trees and strawberries, business is booming.
While Maine’s natural resource-based businesses are growing, other longtime Maine standards, like boat building and manufacturing, have given way to newcomers like tech and tourism. Its famous coastline, lighthouses (Portland Head Light in South Portland is iconic), and scrumptious oysters bring close to 90,000 jobs for the tourism industry, a thriving food scene, and most recently, investment in an artificial intelligence research hub in Portland to complement the city’s popularity and strong economy.
Biotech is a bustling part of that growth. Maine has more than 200 biotech companies focused on all aspects of the industry, including clean air and water, animal health, and pharmaceuticals.
This longtime non-profit startup resource has a popular food and beverage accelerator as well as programs for tech and biotech. Having served nearly 400 companies, it’s a longtime community partner with a great network, mentoring, and alumni.
The TechStars Incubator programs are national. Still, Portland entrepreneurs have a hometown mentor in Silicon Valley investor and Lewistowner David Roux, with an accelerator program meant to fund AI, life sciences, data, and analytics startups.
An energy and cleantech incubator, its three-month program grads compete in Maine’s startup pitch contests. In the meantime, they have a packed calendar of conferences and talks.
Michael Seibel CEO at Y Combinator
Jason Ovryn Co-founder & COO at Carry