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.
Waterville, Skowhegan 4/25/2024 – Five prominent organizations in central Maine —Dirigo Labs, Main Street Skowhegan, Colby College, Thomas College, and Kennebec Valley Community College—are proud to announce a collaborative effort aimed at supporting local entrepreneurs and cultivating innovation throughout the region. Together, they are hosting a series of pitch contests designed to provide founders with a platform to showcase their ideas and receive valuable feedback and support.
The series of pitch contests will kick off with Colby College’s event, “The Halloran Lab $40K Venture Showcase,” scheduled for Thursday, May 2nd, from 1:00-3:30PM, at the Ostrove Auditorium, Diamond Building. This event is open to the public for in-person attendance, and will be streamed live for those who can’t make it to campus. It promises to be an exciting opportunity for innovators and entrepreneurs to take center stage to compete for a $25,000 first place grant and $40,000 in overall funding. Registration for this event can be found at https://tinyurl.com/37648h4m.
“We’re thrilled to offer hardworking and visionary students a stage, exposure, feedback, and funding to propel their ideas to new heights,” said Jeremy Barron, director of the Halloran Lab for Entrepreneurship. “We’re proud of the work they’ve accomplished in just a few months and eager to share their progress with the rest of campus and the entrepreneurial ecosystem at large.”
Following Colby’s showcase, the “Top Gun Regional Pitch” for Waterville will take place on May 8th at 6 p.m. at Thomas College, providing another avenue for local innovators to pitch their ideas and connect with potential investors and mentors. Registration for this event can be found at https://tinyurl.com/22ewxvpe.
Dirigo Labs will host its own pitch competition on May 22, 2024, at 5:00 p.m. at Greene Block + Studios, featuring 12 startups with innovations in cleantech, medTech, AI, and manufacturing, all eyeing a $25,000 cash prize generously made possible by Skowhegan Savings Bank. Registration for this free event can be found at https://tinyurl.com/5n8kjwdw.
“We’re setting the stage for Maine’s most creative minds to shine,” said Susan Ruhlin, managing director of Dirigo Labs. “It’s not just about winning; it’s about celebrating entrepreneurship, fostering ideation, and showing off our incredible founders.”
On May 29th at 6 p.m. Kennebec Valley Community College will host its Entrepreneurship Pitch Night at King Hall, providing a platform for local Maine businesses to fine-tune their pitch and showcase months of work on their business ideas. More information on this event can be found at https://tinyurl.com/m2w3y4zm.
“We are excited to showcase the local entrepreneurs advancing through our new program,” said Joe Musumeci, KVCC’s director of workforce training and professional development. “Our training was designed to support unemployed and underemployed workers in Maine who have the entrepreneurial spirit but hit some barriers starting a business. Working with the other entrepreneurship programs in Central Maine and across the state has been incredibly beneficial and helped us fit our program in to offer the most support and accessibility.”
The series will culminate with Main Street Skowhegan’s Business Lab Pitch Contest and Youth Entrepreneurship Challenge on June 5th at 5PM, located at 185 Water Street, Skowhegan, ME 04976. This event will showcase the creativity and ambition of aspiring and young entrepreneurs while offering valuable support and guidance to help them succeed. Registration can be found at https://tinyurl.com/yc847py3.
“Working with both aspiring and established entrepreneurs dedicated to enhancing Central Maine’s vibrancy is always a remarkable experience. We are fortunate to have innovative, talented, and hardworking individuals in our community”, said Patric Moore, director of entrepreneurship at Main Street Skowhegan. “This year is particularly special as we’ve partnered with Skowhegan High School to pilot the Youth Entrepreneurship Challenge, giving students a platform to present their business ideas and inspire us all.”
Through these collaborative efforts, Dirigo Labs, Main Street Skowhegan, Colby College, Thomas College, and Kennebec Valley Community College are committed to building a region that is supportive of business and innovation. By providing entrepreneurs and founders with access to resources, mentorship, and funding opportunities, they aim to foster a thriving ecosystem of innovation that drives economic growth and prosperity in Central Maine.
For more information about each event, please contact:
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 trainings 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.
Waterville, ME 4/23/2024 – Dirigo Labs is delighted to announce the appointment of two Executives-in-Residence (EiR). The cleantech executives, including Bob Martin, former president of Maine Technology Institute, and Jeff Marks of Climate Work Maine, were selected through a rigorous RFQ process.
“Being selected for this role is not only an honor but also a testament to the collective commitment to advancing cleantech innovation in Maine,” states Bob Martin. “I am excited to contribute to Dirigo Labs’ mission, fostering innovation, and supporting the growth of cleantech entrepreneurs, ultimately driving positive change in our state.”
This strategic move is a significant step forward in expanding the Dirigo Labs’ cleantech initiative, reinforcing its commitment to fostering innovation and supporting the growth of cleantech entrepreneurs and startups in the state. This process is supported by a one-year contract from the Governor’s Energy Office through the Clean Energy Partnership, aimed at expanding the Dirigo Labs accelerator program. The appointed EiRs will play a pivotal role in advancing Dirigo Labs’ cleantech programming. Their responsibilities include providing strategic guidance and expert advice to cohort companies on critical areas such as business development, marketing, and fundraising.
“I’m excited about actively fostering impactful connections within the cleantech sector while imparting valuable industry knowledge and entrepreneurial best practices, equipping startups with the tools they need to succeed,” remarks Jeff Marks. “In an increasingly carbon-constrained and climate-conscious economy, Maine has potential to become a cleantech market leader; I look forward to cultivating collaborations that not only drive innovation but also pave the way for sustainable growth and success in Maine’s cleantech industry.”
In addition to their mentoring role, the Executives-in-Residence will actively facilitate meaningful connections between startups and key stakeholders in the cleantech sector. The EiRs will also contribute to the knowledge-sharing ecosystem by designing and delivering workshops and training sessions. These sessions will impart valuable industry knowledge and entrepreneurial best practices, equipping startups with the tools they need to succeed.
“This strategic move, supported by the Governor’s Energy Office through the Clean Energy Partnership program, marks a significant milestone in our commitment to nurturing innovation and empowering cleantech entrepreneurs,” adds Dirigo Labs Managing Director Susan Ruhlin. “These executives will bring invaluable expertise to our accelerator program, guiding startups in vital areas such as business development, marketing, and fundraising.”
About Dirigo Labs:As a public-private economic development partnership fostering a robust mid-Maine economy, CMGC is organizing the tech industry’s ability to transition the post-manufacturing economy through the Dirigo Labs initiative. Through this initiative, Dirigo Labs will galvanize mid-Maine’s unique diversity of academic institutions and tech firms to develop a startup accelerator that harnesses the entrepreneurship and digital skills of our students, graduates, academic faculty, and business owners to build a sustainable tech and innovation hub that powers a thriving rural economy.
New Position to Prioritize Tracking Impact and Outcomes of Accelerator Companies
Waterville, ME 4/2/2024 – Dirigo Labs is pleased to announce the addition of Mufaddal to its team as the Project Management Specialist. In this new role, Mufaddal will be instrumental in fortifying the accelerator program’s impact by overseeing outcome and impact metrics for cohort companies while providing invaluable insights into their developmental trajectories.
A 2021 graduate of Colby College, Mufaddal brings a wealth of knowledge and a passion for entrepreneurship to Dirigo Labs. His previous experience as a data scientist for Lincoln Financial Group will inform Dirigo Labs’ tracking and measuring of key outcome metrics, assessing the impact of entrepreneurial activities, and identifying growth opportunities for the accelerator program. Mufaddal is also the co-founder of Pair Technologies, a Maine-based startup company that aims to make computing more accessible, comfortable and repairable, ensuring that technology is designed for human use and reuse – not for landfills.
“We are delighted to welcome Mufaddal to the Dirigo Labs team,” said Dirigo Labs Program Manager Emalee Hall. “Mufaddal’s role as a liaison with Colby College and the Halloran Lab for Entrepreneurship further strengthens our ties with our local resource and educational partners, ensuring a rich and collaborative entrepreneurial ecosystem.”
Funded in conjunction with Colby College as part of CMGC’s Dirigo Labs initiative, Mufaddal will actively engage with cohort companies to understand their unique needs, challenges, and growth aspirations. By fostering open communication and collaborative relationships, Mufaddal aims to tailor the accelerator program to address specific entrepreneurial objectives, ensuring a customized and impactful experience for each startup within the Dirigo Labs ecosystem.
“By harnessing the power of data-driven outcomes, I am excited to contribute to the success stories of aspiring startups, guiding them toward their full potential and fostering a dynamic ecosystem of innovation and growth,” states Mufaddal. “I am passionate about leveraging actionable insights to not only fuel the success stories of aspiring startups but also to empower them with strategic guidance, unlocking unprecedented opportunities for innovation and sustainable growth here in downtown Waterville.”
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
Prize to be Awarded to Top Cohort Company on May 22 in Waterville
Waterville, ME 3/12/2024 – Dirigo Labs is delighted to announce the continued sponsorship of the pitch competition prize by Skowhegan Savings Bank for its third cohort of startups. The accelerator’s pitch competition is scheduled to take place at the Greene Block + Studios in downtown Waterville on Wednesday, May 22, from 5-8 pm.
“Skowhegan Savings is committed to supporting local businesses, aligning with our core values of making our communities better places to live and work,” said David Cyr, president and CEO of Skowhegan Savings. “This partnership with Dirigo Labs embodies our dedication to providing entrepreneurs with the essential tools for success and fostering innovation that contributes to the prosperity of those communities. Reflecting on the journey of 12 impressive applicants from last year, we look forward to seeing the positive contributions that this year’s cohort will bring to our state’s economy.”
The 16-week program, which commenced on February 2 and is based at the Hathaway Creative Center in Waterville, guides startups through a targeted curriculum while assisting founders in executing individual project plans. Each cohort company is matched with a curated board of local and national advisors. Workshop topics include financial modeling, leveraging public-private sector grants, customer acquisition strategies, capital planning, and intellectual property evaluation. Dirigo Labs’ third cohort features 12 startup companies spanning various industries such as healthtech, outdoor recreation, artificial intelligence, and clean energy technologies.
Dirigo Labs’ Managing Director Susan Ruhlin conveyed appreciation for the ongoing collaboration with Skowhegan Savings Bank, emphasizing the bank’s instrumental role in supporting startup companies within Dirigo Labs. Ruhlin expressed, “With the continued support from Skowhegan Savings Bank, we can provide crucial backing to Maine’s innovators. This partnership empowers us to facilitate the transformation of their ideas into reality, fostering economic growth and prosperity for our state’s burgeoning startup community.”
Judges for the pitch competition will evaluate startup presentations based on their communication, capital strategy, innovation, strength of the team, and potential economic and social impact in Maine. The May 22 event is the culmination of the 16-week program.
Dirigo Labs Program Manager Emalee Hall highlighted the critical role the pitch competition plays in determining the future direction of the startups involved. She noted, “Our startup showcase is a significant milestone for our participating founders, serving as a stage to unveil their achievements while participating in our cohort. This presents a thrilling chance for the innovators to demonstrate their development and their possible impact on Maine’s entrepreneurial ecosystem.”
For further information about Dirigo Labs, including details for startups and potential mentors, please visit www.dirigolabs.org.