Maine Venture Fund pledges up to $750K for Roux Institute startups

Casting a vote of confidence in Maine’s innovation potential, Maine Venture Fund has pledged to invest up to $750,000 in startups coming out of the Roux Institute in Portland and that plan to grow in Maine.

Maine Venture Fund also plans to use Roux offices as a co-working base for days when Managing Director Joe Powers and Investment Director Nina Scheepers are “in the office,” Scheepers told Mainebiz on Wednesday. The fund, which used to be based out of the Cloudport space on Federal Street in Portland, will keep its post office box in Newport. Read more

Related Posts

Bar Harbor approves Jackson Lab’s $33M expansion for rare disease research

The Bar Harbor Planning Board has approved a plan by the Jackson Laboratory to build a 20,000-square-foot expansion to its Rare Disease Translational...

22 August 2024

Bigelow lab receives $7 million for algae research, business development

Researchers at Bigelow Laboratory for Ocean Sciences believe algae can make a big splash in the agricultural, aquaculture and pharmaceutical industries,...

21 August 2024

Should Maine create a public medical school? UMaine System will study the question

The University of Maine System said this week it will work with a national consultant to study the feasibility of launching the state’s...

21 August 2024