Posted inThe Startup Line

InnovationME prints final issue, owner mum on mag’s downfall

InnovationME, the locally published magazine aimed at Maine’s entrepreneurial community, is ceasing publication. The monthly magazine was launched in November 2013 and survived an 11-issue run. The September issue recently hit the streets, but there will not be an October issue. David Flood, the magazine’s Biddeford-based publisher, confirmed that he’s pushed the pause button on the project, but […]

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DemerBox surpasses Kickstarter fundraising goal for its boomboxes

DemerBox, the Portland startup that’s taking on Bose and other giants of the audio electronics industry with its sturdy and portable boomboxes, has successfully reached its fundraising goal on the crowdfunding site Kickstarter. The company, which I wrote about in an article published in today’s paper, met and exceeded its $60,000 fundraising goal this morning. Projects on […]

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Steve Jobs’ biographer to give keynote address in Portland

Each year for the past five years, WEX Inc. has brought in a big-name speaker to keynote its Leadership and Creativity Event Series at the University of Southern Maine. Past speakers include Sen. George Mitchell, Pulitzer Prize-winning journalist Bob Woodard and Pulitzer Prize-winning historian Doris Kearns Goodwin. This year’s speaker, which WEX announced today, will be […]

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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 […]

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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 […]

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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 […]