The third annual conference will emphasize the importance of creating equitable opportunities for all individuals across Maine
Waterville, ME 10/30/2024 – Dirigo Labs and its partner, the Skowhegan Center for Entrepreneurship, are pleased to announce that Kennebec Savings Bank will once again be the Lead Sponsor for the 2024 Better Maine Conference, taking place on November 7th in downtown Waterville. This year’s conference will focus on “Creating Equitable Workspaces” and feature keynote speaker Ariel Ricci, executive director for the Permanent Commission on the Status of Racial, Indigenous, & Tribal Populations.
“Kennebec Savings Bank is excited to be the Lead Sponsor for this year’s Better Maine Conference, especially as it centers on creating more equitable workplaces. The event provides an important opportunity to explore new strategies and spark conversations that lead to actionable change,” said Kennebec Savings Bank Vice President & Marketing & Communications Officer Amanda Cooley. “We’re excited to participate in discussions that will shape how we approach workforce development and community building in Maine.”
The Better Maine Conference brings together business leaders, policymakers, and workforce development professionals to share best practices and innovations around talent attraction, upskilling employees, diversity initiatives, leadership development, and more.
“We are thrilled to host the Better Maine Conference once again, particularly with a focus on creating equitable workspaces,” said Dirigo Labs Managing Director Susan Ruhlin. “Diversity is a key driver of innovation and resilience, and building inclusive environments where diverse talent can thrive is critical to the future of Maine’s workforce development. By ensuring fairness and opportunity for all, we strengthen businesses, create more vibrant communities, and promote sustainable economic growth, particularly in our rural regions. With the continued support of Kennebec Savings Bank, we are driving forward conversations that inspire meaningful action and help build a more diverse and inclusive workforce across the state.”
Ariel Ricci will deliver this year’s keynote address, drawing from their mission-driven work focused on addressing racial disparities across all systems in Maine. Other prominent speakers will participate in panel discussions and workshops throughout the day.
For more details and registration information, visit the Better Maine Conference Eventbrite page.
About Kennebec Savings Bank:Kennebec Savings Bank is a $1.7 billion state-chartered community bank, part of a mutual organization, with a team of 200 employees and offices in Augusta, Farmingdale, Freeport, Portland, Waterville, and Winthrop, as well as “KSB Anytime” 24-hour electronic banking centers in Augusta, Farmingdale, Freeport and Manchester. The Bank is proud that its involvement in the community as an employer, a business and as a contributor has led to many other successes besides its own. Member FDIC, Equal Housing Lender. For more information please visit: https://www.kennebecsavings.bank
About Dirigo Labs:Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow the greater Waterville area’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under the Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org.
Competition Showcases Innovation and Entrepreneurial Talent in Downtown Waterville
Waterville, ME 10/16/2024 – The second annual Back of the Napkin Challenge, a dynamic competition aimed at fostering creativity and entrepreneurial thinking among regional college students, will take place on October 17 from 6:00-8:00 PM at Greene Block + Studios in downtown Waterville. Fourteen students from Colby College, Kennebec Valley Community College (KVCC), and Thomas College have been selected to present their innovative ideas before a distinguished panel of judges.
The Back of the Napkin Challenge encourages participants to distill their startup ideas into a simple design, accompanied by a 60-second video pitch. Whether it’s an inventive product, a cutting-edge service, or a solution to a pressing challenge, this competition provides students a platform to bring their ideas to life. Students will compete in categories such as Consumer Goods & Services, Business Goods & Services, Trades & Technology Operations, Social Innovation, and Health, Clean Technologies, & Life Sciences.
“The Back of the Napkin Challenge is an incredible opportunity for students to turn their ideas into actionable plans,” said Jeremy Barron, Director of the Halloran Lab for Entrepreneurship at Colby College. “It encourages students to embrace innovative thinking, refine their communication skills, and take the first steps toward becoming successful entrepreneurs. Seeing their ideas come to life in front of a live audience is an exciting and pivotal moment for their growth.”
The finalists will pitch their ideas to a prestigious panel of judges, including Bill Carr, former VP of Digital Media at Amazon and author of *Working Backwards*; Margaret McFadden, Provost and Dean of Faculty at Colby CollegeElizabeth Fortin, Director of Workforce Development at Kennebec Valley Community College; and Luke Shorty, Executive Director of Strategic Initiatives at Thomas College. Carr will not only serve as a judge but will also share insights from his leadership experience at Amazon.
Kim Kennedy, a business administration instructor at KVCC, noted the unique learning experience the competition offers: “This challenge gives students a rare chance to move from idea to action in a supportive environment. It’s about more than just winning—it’s about gaining practical insights, testing their concepts, and growing as entrepreneurs through hands-on experience.”
Susan Ruhlin, Managing Director of Dirigo Labs, emphasized the event’s role in fostering entrepreneurial growth: “The Back of the Napkin Challenge is a vital component of our innovation programming, providing students and aspiring entrepreneurs with a framework to validate their ideas. It encourages participants to engage with critical elements such as market feasibility and business model development, helping them transform initial concepts into viable, market-ready ventures.”
Finalists will compete for $1,750 in prizes. 5 runner-up finalists will receive $250, and the overall winner will be awarded $500. Additionally, all finalists will receive a yearlong membership to Bricks Coworking & Innovation Space and a copy of Bill Carr’s book *Working Backwards*.
For more information or to register for the event, visit https://tinyurl.com/nh9swzpx.
About The Halloran Lab for Entrepreneurship at Colby College: The Halloran Lab for Entrepreneurship at Colby College offers entrepreneurship training and practical opportunities aimed at preparing Colby students to be effective innovators and entrepreneurs—whether they are creating dynamic new business ventures or improving existing organizations or programs. The lab provides funding for students to start commercial and social enterprises, mentorship, and access to innovation and maker spaces on campus and in downtown Waterville. For more information, visit https://www.colby.edu/halloran-lab-for-entrepreneurship/.
About Kennebec Valley Community College: Kennebec Valley Community College (KVCC) is a 2-year comprehensive community college serving students from Somerset, Kennebec, and Knox counties. KVCC’s Workforce Training and Professional Development office provides a wide range of short-term training programs targeted toward business and industry needs. For more information, visit https://www.kvcc.me.edu.
About the Harold Alfond Institute for Business Innovation at Thomas College: The Harold Alfond Institute for Business Innovation at Thomas College is focused on spurring economic vitality in Central Maine by nurturing talent that helps create jobs and wealth for the region. For more information, visit https://www.thomas.edu/career-services/institute-for-business-innovation/.
About Dirigo Labs:Dirigo Labs is a regional startup accelerator based in Waterville, Maine, with a mission to grow mid-Maine’s digital economy by supporting entrepreneurs building innovation-based companies. Dirigo Labs operates under Central Maine Growth Council and is supported by academic institutions, investment firms, and organizations. For more information, visit https://www.dirigolabs.org
Accelerator Program awarded $150,000 in prize money for equitable access to entrepreneurship
Washington, D.C., Waterville, ME 10/15/2024 – The U.S. Small Business Administration (SBA) announced Dirigo Labs as one of forty-four Stage Two winners for the 2024 Growth Accelerator Fund Competition (GAFC). The Waterville-based accelerator will receive a $150,000 cash prize for its work as a Growth Accelerator Partnership in supporting the launch, growth, and scale of STEM/Research and Development (R&D)-focused small businesses in the sustainability and biotechnology sectors.
“This recognition is a tremendous opportunity for Dirigo Labs to expand our support for startups across a wide range of industries,” said Managing Director of Dirigo Labs Susan Ruhlin. “We’re excited to broaden our reach and offer even more resources to entrepreneurs, especially in rural Maine. Our mission is to foster a diverse and dynamic ecosystem where innovation can thrive—not only in biotech and sustainability, but across all sectors. This opportunity strengthens our role as a catalyst for economic growth in the region and beyond.”
The 2024 GAFC catalyzes strategic innovation ecosystem building across the country. Over the last decade, SBA has awarded 566 in prizes totaling over $33 million to winners throughout the U.S. and U.S. territories.
2024 GAFC Stage One focused on strengthening ecosystem networks, while Stage Two prizes provide enhanced support to Growth Accelerator Partnerships as they play a crucial role in helping startups and small businesses scale, contributing to the economic growth of our nation. These partnerships span public, private, nonprofit, and academic institutions, fostering collaboration across industries and geographies.
“We’re thrilled to receive this incredible $150,000 award, which will enable us to amplify our efforts in fostering growth within the biotech and sustainability sectors,” said Dirigo Labs Assistant Director of Innovation Programming and Partnerships Emalee Hall. “This funding marks a pivotal moment for our team, allowing us to turn our vision into reality by spearheading a major economic initiative in downtown Waterville. Our work is transforming the area into a dynamic center for innovation, and the ripple effect will extend well beyond our local community, driving progress and opportunity on a broader scale.”
Learn more about the Stage One and Stage Two organizations in the 2024 GAFC Public Directory.
About Dirigo Labs: Dirigo Labs is a regional startup incubator and accelerator based in Waterville, Maine. With a mission to grow the greater Waterville area’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org
Waterville, ME 10/2/2024 – Dirigo Labs is proud to announce the selection of its first incubator cohort. Dirigo Launch is designed to support the growth of promising startups in Maine’s entrepreneurial ecosystem and will provide participants with hands-on mentorship, resources, and access to a robust network of investors, industry experts, and peer founders.
“The Incubator program has already been a game-changer for our vision, providing the mentorship, resources, and network we need to begin development on our bottled matcha latte brand and bring a healthier caffeine alternative to more people,” said Andrew Schundler, founder of CHUH. “With the support of Dirigo Launch, we can refine our product and set-up ourselves up well for launching our matcha latte in the spring of 2025.”
After a competitive application process, the following companies have been selected for the 2024 cohort:
These companies represent a diverse range of industries, from clean technology and digital innovation to food and manufacturing. Each has demonstrated the potential for high growth and significant contributions to Maine’s economy.
Dirigo Labs’ Assistant Director of Innovation Programming and Partnerships Emalee Hall shared her enthusiasm for the selected startups: “We are excited to support this impressive cohort as they embark on their entrepreneurial journeys. These companies exemplify the innovation, resilience, and creativity that Maine is known for, and we look forward to seeing them thrive in the incubator program.”
The Dirigo Launch Incubator will offer a structured curriculum focusing on customer discovery, go-to-market strategy, early stage fundraising, and intellectual property. Participants will refine their value proposition, develop actionable strategies for reaching their target customers, determine a plan for fundraising, and build a solid foundation for their growing business.
Dirigo Labs continues its commitment to fostering economic growth by nurturing startups that aim to solve pressing challenges and create opportunities for innovation. The program aligns with Dirigo Labs’ mission to bolster Maine’s entrepreneurial landscape and build sustainable businesses that contribute to the region’s long-term prosperity.
For more information about the Dirigo Launch Incubator Program, visit https://www.dirigolabs.org/dirigo-launch-incubator/.
About Dirigo Labs:Dirigo Labs is a regional startup accelerator and incubator based in Waterville, Maine. The organization is dedicated to supporting innovative startups and small businesses through mentorship, access to capital, and strategic partnerships. Dirigo Labs aims to advance economic development and position Maine as a hub for entrepreneurship and technological advancement.
About Dirigo Launch: The Dirigo Launch Incubator Program supports ideation to pre-seed startups with innovative ideas, offering a solid foundation for early ventures. This 8-week program provides workshops, tailored homework, and office hours to help startups explore their market, identify target customers, and plan early-stage fundraising, along with specialized SBIR/STTR grant support. Additionally, customized technical assistance will be provided for startups and entrepreneurs in clean technology sectors, ensuring these companies receive tailored guidance within one of Maine’s key growth areas.
Regional College Students Compete to Turn Big Ideas into Bold Ventures
Waterville, ME 8/29/2024 – The second annual Back of the Napkin Challenge, an innovative competition designed to inspire creativity and entrepreneurial thinking amongst regional college students, will take place on October 17 from 6:00-8:00 PM at Greene Block + Studios in downtown Waterville. Participation in the competition will include students from Colby College, Kennebec Valley Community College, and Thomas College.
The Back of the Napkin Challenge invites participants to distill their startup ideas into a simple design, accompanied by a 60-second video pitch. Whether it’s a novel product, an innovative service, or a creative solution to a pressing problem, this competition provides a unique platform for students to bring their concepts to life. Participants can submit their ideas across various categories, including Consumer Goods & Services, Business Goods & Services, Trades & Technology Operations, Social Innovation, and Health, Clean Technologies, & Life Sciences.
“The Back of the Napkin Challenge is more than a competition—it’s a celebration of ideation and innovation. It’s also a unique chance to learn from a world-renowned leader in innovation strategy,” said Colby College’s Director of the Halloran Lab for Entrepreneurship Jeremy Barron. “This challenge inspires students to unleash their creativity, break free from conventional thinking, hone their public speaking skills, and embrace the endless possibilities of an entrepreneurial mindset.”
Ten finalists will be selected to present their ventures live at Greene Block + Studios. Finalists must attend the final pitch live to be eligible to participate. To be eligible, finalists must attend the event in person, where they will have the chance to pitch their ideas to a distinguished panel of judges. Among them will be ex-Amazon VP of Digital Media and author of Working Backwards Bill Carr. Carr will not only serve as a judge but also share valuable insights on innovation, drawing from his experiences at Amazon.
Kim Kennedy, a business administration instructor at Kennebec Valley Community College, emphasized the importance of such initiatives for nurturing future entrepreneurs. “Competitions like the Back of the Napkin Challenge are critical in helping students and community members realize their potential as innovators; it’s an opportunity for participants to harness their creativity, take bold risks, and turn their spontaneous ideas into viable business concepts.”
Dirigo Labs Assistant Director of Innovation Programming & Partnerships Emalee Hall added, “This event offers an accessible way for everyone to participate in the innovation process. It’s an excellent opportunity for students and aspiring entrepreneurs to take the first step towards making their ideas a reality.”
The event promosies a vibrant and engaging atmosphere where creativity takes center stage. Finalists will compete for their share of $1,750 in prizes. Each category winner will be awarded $250, and an overall winner will receive $500. All finalists will also receive yearlong membership to Bricks Coworking & Innovation Space and a copy of Bill Carr’s book Working Backwards.
For more information or to register for the event, please visit https://tinyurl.com/dj8tzxbu.
About The Halloran Lab for Entrepreneurship at Colby College: The Halloran Lab for Entrepreneurship at Colby College offers entrepreneurship training and practical opportunities aimed at preparing Colby students to be effective innovators and entrepreneurs—whether they are creating dynamic new business ventures or improving existing organizations or programs. The lab provides funding for students to start commercial and social enterprises, mentorship, as well as innovation and maker spaces on campus and in downtown Waterville. The lab heads the development of an entrepreneurship ecosystem involving alumni, faculty, staff, and Colby community members as well as companies, organizations, and institutions. For more information, visit https://www.colby.edu/halloran-lab-for-entrepreneurship/
About Kennebec Valley Community College:Kennebec Valley Community College (KVCC) is a 2-year comprehensive community college in mid-Maine serving students from Somerset, Kennebec, and Knox counties and well beyond. KVCC has two campuses in the heart of Central Maine – our 70-acre Fairfield Campus which is readily accessible by I-95 and our 600-acre Harold Alfond Campus just seven miles north. KVCC’s Workforce Training and Professional Development office provides a wealth of short-term training that are targeted toward business and industry and professional development. KVCC is a collegial environment emphasizing student success and respect for a diverse population of employees, students, and community members. For more information, visit https://www.kvcc.me.edu
About Harold Alfond Institute for Business Innovation at Thomas College: Named for Maine’s premiere entrepreneur and innovator, the Harold Alfond® Institute for Business Innovation has been established to spur economic vitality in Central Maine by nurturing the very talent that will assist in the creation of both jobs and wealth for the area. For more information, visit https://www.thomas.edu/career-services/institute-for-business-innovation/
About Dirigo Labs: Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow mid-Maine’s digital economy by supporting entrepreneurs who are building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. For more information, please visit www.dirigolabs.org.
Workshops to provide founders with practical skills and actionable strategies to drive their startups forward
Waterville, ME 8/21/2024 – BerryDunn, a leading full service tax, assurance, advisory and consulting firm based in Portland, Maine, is partnering with Dirigo Labs to present an exclusive Cleantech Bootcamp designed for startup founders. This inaugural event, scheduled for Wednesday, September 18, will provide entrepreneurs in the clean technology sector with the financial and tax insights they need to accelerate their business growth while offering valuable networking opportunities.
Attendees will gain expert knowledge from BerryDunn’s transaction advisory, audit and tax specialists, who have extensive experience in the clean technology industry. These sessions will offer crucial insights into finance, tax issues, and growth strategies, specifically tailored for the unique challenges faced by cleantech startups. In addition to the expert-led sessions, participants will engage in interactive workshops designed to help them apply what they’ve learned to real-world scenarios. Through hands-on exercises and case studies, founders will leave with practical skills and actionable strategies to drive their businesses forward.
BerryDunn Senior Manager Erik Olson emphasized the importance of this event for Maine’s cleantech community. “The Cleantech Bootcamp is more than just an educational event; it’s an opportunity for founders to gain the critical knowledge and skills they need to navigate the complexities of the cleantech industry. We’re excited to share our expertise and help these innovators drive meaningful change.”
The Cleantech Bootcamp also provides a prime opportunity for entrepreneurs to connect with fellow cleantech professionals. By fostering an environment of collaboration and idea exchange, the event aims to help participants build relationships that can lead to future partnerships and growth opportunities. Founders will walk away from the bootcamp with newfound confidence in their ability to secure funding and a clear vision for their business’s future. The event is designed to inspire and empower participants to accelerate their growth in the competitive clean technology landscape.
Dirigo Labs Assistant Director of Innovation Programming & Partnerships Emalee Hall expressed her enthusiasm for the collaboration. “Partnering with BerryDunn on this bootcamp is a fantastic opportunity to support the growth of cleantech startups in our state. Our goal is to provide these entrepreneurs with the tools and connections they need to succeed, and this event is a key step in that direction.”For more information or to register for the Cleantech Bootcamp, please visit https://tinyurl.com/2bbu74d3.
About BerryDunn: BerryDunn is a leading national professional services firm providing assurance, tax, and consulting services to businesses, nonprofits, and government agencies throughout the US and its territories. Since 1974, we have been a client-centered, people-first firm with a mission to empower the meaningful growth of our people, clients, and communities. Led by CEO Sarah Belliveau, the firm has been recognized for its efforts in creating a diverse and inclusive workplace culture, and for its focus on learning, development, and well-being. For more information, visit https://www.berrydunn.com
About Dirigo Labs: Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow the greater Waterville area’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org.
8-week program will guide early-stage startups with specialized training for federal grant opportunities and clean technology through a targeted curriculum.
Waterville, ME 8/8/2024 – Dirigo Labs is excited to announce the Dirigo Launch Incubator Program, designed to support innovative startups from ideation to pre-seed stages. Starting in September, the comprehensive 8-week program offers a robust foundation for early ventures, equipping them with the tools and knowledge needed to navigate the complex startup landscape.
“We are thrilled to introduce the Dirigo Launch Incubator Program,” said Dirigo Labs Assistant Director of Innovation Programming & Partnerships Emalee Hall. “Our goal is to foster a dynamic and inclusive ecosystem where innovative ideas can flourish. This program is designed to provide startups with the necessary resources and guidance to turn their visions into viable businesses.”
As a result of the success of Central Maine Growth Council’s Dirigo Labs Accelerator Program, the expanded initiative, the Dirigo Launch Incubator Program, will feature a series of virtual workshops, tailored homework assignments, and dedicated office hours to help startups explore their markets, identify target customers, and plan for early-stage fundraising. Participants will receive specialized support for federal Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) grant applications, providing a crucial advantage for securing non-dilutive grant funding. Additionally, customized technical assistance will be provided for startups and entrepreneurs in clean technology sectors, ensuring these companies receive tailored guidance within one of Maine’s key growth areas.
Dirigo Labs Managing Director Susan Ruhlin added, “Supporting early-stage startups is vital for the economic growth of our region. The Dirigo Launch Incubator Program not only equips entrepreneurs with the skills and knowledge they need but also connects them with a network of mentors, investors, and industry experts. We are committed to nurturing the next generation of innovators.”
Each startup will receive personalized coaching and support from an experienced mentor and an entrepreneur-in-residence, ensuring they are well-prepared to tackle the challenges of early-stage development. Participants will gain access to Bricks Coworking & Innovation Space in downtown Waterville for collaborative work space.
Applications for the Dirigo Launch Incubator Program are now open, and interested startups are encouraged to apply. For more information on the program and how to apply, please visit https://www.dirigolabs.org/dirigo-launch-incubator/ or contact Emalee Hall at emalee@centralmaine.org.
About Dirigo Labs:Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow the greater Waterville area’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org
Waterville, Skowhegan 7/16/2024 – Five leading organizations in central Maine—Central Maine Growth Council’s Dirigo Labs, Main Street Skowhegan, Colby College, Thomas College, and Kennebec Valley Community College—proudly unveil the winners of their collaborative pitch contest series. These trailblazing entrepreneurs have been celebrated for their exceptional ideas and will receive crucial feedback, funding, and support to propel their success and drive regional innovation.
The Halloran Lab $40K Venture Showcase provided an exciting platform for innovators to compete for substantial funding. Mawjam Energy Analytics secured the first-place prize of $25,000, Pachyceph earned the second-place prize of $12,500, and Good Balance received the Audience Choice award of $2,500. In total, $40,000 in funding was awarded to support these promising ventures.
“We are thrilled with the passion, effort, energy, and preparation our students displayed at our inaugural Halloran Lab $40K Venture Showcase,” stated Jeremy Barron, director of the Halloran Lab for Entrepreneurship at Colby College. “We are proud of our students’ accomplishments and exceptional progress in such a short period of time, and we look forward to seeing how this support, along with continued mentorship, curricular, and co-curricular programming, will advance their entrepreneurial efforts within the broader ecosystem.”
Following Colby’s showcase, the “Top Gun Regional Pitch” for Waterville took place on May 8th at Thomas College. Among the standout participants, Scrapdogs Compost and Watermelon Pie emerged as winners. Both companies went on to participate in the Maine Center for Entrepreneurs statewide showcase in Portland, Maine, further highlighting their innovative solutions and entrepreneurial spirit.
“We are particularly proud of the innovative solutions and entrepreneurial spirit showcased at the Maine Center for Entrepreneurs Top Gun regional showcase in Waterville,” said Kerry Smart, program coordinator for the Harold Alfond Institute for Business Innovation and the Office of Professional and Career Development at Thomas College. “They exemplify our commitment to nurturing a thriving entrepreneurial ecosystem in our region.”
Dirigo Labs hosted its pitch competition on May 22 at Greene Block + Studios, featuring 12 startups with innovations in cleantech, medtech, AI, and manufacturing. At the accelerator’s third pitch competition in Waterville, Finsulate emerged as the winner, securing the $25,000 prize. Finsulate creates sustainably responsible foul release wrap to replace anti-fouling paint on boats, docks, buoys, and other objects in the ocean. Additionally, all of the graduating Dirigo Labs companies were provided with an award package, which included a 2-year membership of office facilities in downtown Waterville’s Brick Coworking & Innovation Space and a 1-year membership to the Mid-Maine Chamber of Commerce.
“Finsulate’s innovative approach to sustainable marine technology stood out among our talented cohort of startups,” remarked Dirigo Labs’ Assistant Director of Innovation Programming and Partnerships Emalee Hall. “Their commitment to environmental responsibility and practical solutions for marine fouling underscores the transformative potential of innovation in our coastal communities.”
On May 29th, Kennebec Valley Community College hosted its Entrepreneurship Pitch Night at King Hall, providing a platform for local Maine businesses to fine-tune their pitches and showcase months of work on their business ideas. Among the winners were Vacationland Vans, offering adventure travel van rentals to enjoy the Maine outdoors with an exciting, low-cost outdoor experience, and Eat Neon, specializing in premium desserts and baked goods for events and special occasions.
“We are excited to support the development of these local businesses and to connect them with their next steps towards growth,” stated Joe Musumeci, KVCC’s director of workforce training and professional development. “This was our first pitch event, and we were extremely impressed with the professionalism and polish of all our businesses that presented.”
The series culminated with Main Street Skowhegan’s Business Lab Pitch Contest and Youth Entrepreneurship Challenge on June 5th. 207 CPR, LLC won the Business Lab Pitch Contest prize of $5,000 with its lifesaving training services, featuring professional CPR, AED, and First Aid instruction. The high school winners included Natalie Cooke of Cooke’s Corner Jewelry, Lola Caruso of Honeybelle Crafts, and Noah McConnell of NM Car Detailing, showcasing their entrepreneurial creativity and ambition while also taking home individual cash prizes.
“It was an absolute blast facilitating Main Street Skowhegan’s 4th Business Lab & Pitch Contest and collaborating with Aspire Riverhawks and MSAD 54 to pilot the ‘Youth
Entrepreneur Challenge,” stated Skowhegan Center for Entrepreneurship’s Director of Entrepreneurship Patric Moore. “These programs demonstrate the vibrant entrepreneurial spirit within Somerset County and across central Maine, proving that it’s never too early or too late to start or grow a business.”
Through these collaborative efforts, Dirigo Labs, Main Street Skowhegan, Colby College, Thomas College, and Kennebec Valley Community College demonstrated their commitment to fostering a supportive environment for business and innovation. By offering entrepreneurs and founders access to resources, mentorship, and funding opportunities, they aimed to cultivate a thriving ecosystem of innovation that drives economic growth and prosperity in Central Maine.
For more information about each program, please contact:
About Halloran Lab for Entrepreneurship: The Halloran Lab for Entrepreneurship offers entrepreneurship training and practical opportunities aimed at preparing Colby students to be effective innovators and entrepreneurs—whether they are creating dynamic new business ventures or improving existing organizations or programs. The lab provides funding for students to start commercial and social enterprises, mentorship, as well as innovation and maker spaces on campus and in downtown Waterville. The lab heads the development of an entrepreneurship ecosystem involving alumni, faculty, staff, and Colby community members as well as companies, organizations, and institutions.
About Harold Alfond Institute for Business Innovation at Thomas College: Named for Maine’s premiere entrepreneur and innovator, the Harold Alfond® Institute for Business Innovation has been established to spur economic vitality in Central Maine by nurturing the very talent that will assist in the creation of both jobs and wealth for the area.
About Main Street Skowhegan:Main Street Skowhegan is a 501(c)(3) nonprofit focused on the ongoing revitalization of historic Skowhegan, Maine. Our mission is to celebrate Skowhegan’s rich heritage while achieving our brightest future as a thriving economic, cultural, and recreational community where residents enjoy a high quality of life.
About Kennebec Valley Community College:Kennebec Valley Community College (KVCC) is a 2-year comprehensive community college in mid-Maine serving students from Somerset, Kennebec, and Knox counties and well beyond. KVCC has two campuses in the heart of Central Maine – our 70-acre Fairfield Campus which is readily accessible by I-95 and our 600-acre Harold Alfond Campus just seven miles north. KVCCs Workforce Training and Professional Development office provides a wealth of short-term training that are targeted toward business and industry and professional development. KVCC is a collegial environment emphasizing student success and respect for a diverse population of employees, students, and community members.
Startup receives $25,000 cash prize sponsored by Skowhegan Savings Bank
Waterville, ME 6/4/2024 – Finsulate secured a $25,000 prize sponsored by Skowhegan Savings Bank at the accelerator’s third pitch competition in Waterville. Finsulate creates sustainably responsible foul release wrap to replace anti-fouling paint on boats, docks, buoys, and other objects in the ocean.
“We are incredibly honored to receive the $25,000 cash prize as the winners of the fourth Dirigo Labs pitch competition,” states Finsulate USA Founders Bernard Hidier and Sunshine Mechtenberg. “This funding will enable us to hire a technical sales manager, a critical role in supporting the growth of our business while protecting marine ecosystems and promoting a cleaner, greener marine future.”
Hosted at the Greene Block + Studios in downtown Waterville, 12 companies spanning various industries such as healthtech, outdoor recreation, artificial intelligence, and clean energy technologies competed for the cash prize. The judging criteria included the company’s pitch delivery, capital strategy, innovation, team, and potential economic, environmental, or social impact. The 16-week program guided startups through a targeted curriculum to execute their project plans, and each cohort company worked with a curated board of local and national mentors from various industries. Seminar topics included utilizing public-private sector grants and economic incentives, customer acquisition strategies, capital planning, and intellectual property evaluation.
“The Dirigo Labs Accelerator Program is a valuable resource for local start-ups and entrepreneurs, providing essential guidance and coaching to help them succeed,” said Dan Tilton, executive vice president of sales and customer relations for Skowhegan Savings Bank. “These businesses bring innovative ideas to life, while creating jobs and contributing to Maine’s economy; we are pleased to congratulate Bernard Hidier and Finsulate as this year’s winner of the $25,000 Skowhegan Savings pitch prize.”
The audience choice award was presented to Oak AI, an applied ethics company utilizing AI to help users record, share, and apply personal values as they navigate the internet.
“This year’s cohort showcased incredible innovation and dedication, highlighting the vibrant entrepreneurial spirit in our community,” said Susan Ruhlin, managing director of Dirigo Labs. “We are grateful for Skowhegan Savings Bank’s generous sponsorship, which makes it possible to support startups like Finsulate that are driving positive environmental and economic change. Congratulations to all the participants for their hard work and inspiring contributions. We look forward to seeing their continued success and the positive impact they will have on Maine’s economy and beyond.”
For startups and potential mentors interested in learning more about Dirigo Labs, please visit www.dirigolabs.org.
About Dirigo Labs:Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow the greater Waterville area’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org.
About Skowhegan Savings:Skowhegan Savings Bank has been dedicated to strengthening Maine’s families, businesses, and communities by providing personalized and competitive banking services to the regions they serve for 150 years. An independent mutual savings bank based in Skowhegan, our mission is to provide customers with exceptional service in an innovative banking environment that effectively and efficiently puts the financial needs of the customer first. Skowhegan Savings takes pride in not only being a great place to bank but also a great place to work. For more information about Skowhegan Savings, please visit Skowhegan.com or contact our Customer Service line at 800.303.9511.
Accelerator Program was awarded $50,000 in prize money for equitable access to entrepreneurship
Washington, D.C., Waterville, ME 5/14/2024 – The U.S. Small Business Administration (SBA) announced Dirigo Labs as a Stage One winner for the 2024 Growth Accelerator Fund Competition (GAFC). Dirigo Labs will receive a $50,000 cash prize for its impactful and inclusive approach to nurturing a collaborative national innovation ecosystem to advance small business research and development (R&D) from ideas to the market.
By fostering connections between entrepreneurs, mentors, partners, philanthropies, corporations, investors, and other shared resources, GAFC 2024 catalyzes strategic ecosystem partnerships to build community and organizational capacity for the successful launch, growth, and scale of STEM (Science, Technology, Engineering, and Mathematics)-based entrepreneurs.
Dirigo Labs will launch an economic initiative to support emerging biotech and sustainability sectors, catalyzing rural revitalization and the post mill and manufacturing economy. Using a ‘cohort within a cohort‘ strategy, Dirigo Labs aims to build a resilient technology ecosystem additionally leading to targeted growth in mentorship, investments, startups, entrepreneurs, and jobs.
“This prestigious recognition validates the tireless dedication of our exceptional team here at Dirigo Labs; through unwavering commitment and a culture of collaboration and innovation, we’ve continuously pushed boundaries in our mission to support emerging biotech and sustainability sectors,” articulates Dirigo Labs Program Manager Emalee Hall. “The $50,000 prize money will allow us to launch our economic initiative and transform downtown Waterville into a bustling innovation hub. We’re not only impacting our region but also extending our reach far beyond, shaping a future defined by progress and possibility.”
Two StagesSBA welcomed Stage One submissions from a broad range of organizations with a collaborative vision to nurture a national ecosystem for equitable access to entrepreneurship. Winners of Stage One were selected through a multi-tier review panel process with experts in entrepreneurship, business, innovation, and strategic planning both inside and out of the federal government.
Stage Two offers an additional $50,000 to $150,000 in cash prizes for Growth Accelerator Partnerships. To learn more about Stage Two opportunities and to access the Growth Accelerator Fund Competition Guidelines, please visit https://www.americasseedfund.us/accelerators
About Dirigo Labs:Dirigo Labs is a regional startup accelerator based in Waterville, Maine. With a mission to grow mid-Maine’s digital economy by supporting entrepreneurs building innovation-based companies, the Dirigo Labs ecosystem brings together people, resources, and organizations to ensure the successful launch of new startups. Dirigo Labs operates under Central Maine Growth Council and is supported by several organizations, academic institutions, and investment firms. To learn more about Dirigo Labs, please visit www.dirigolabs.org.