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W W W. M A I N E B I Z . B I Z 9 JA N UA R Y 2 4 , 2 0 2 2 services provider in Belfast, Archangel Computers. AngelCom owns tech- nology services firm Mid-Coast Tech, also in Belfast. Starting Jan. 1, Archangel and Mid-Coast Tech were both renamed AngelCom IT Services and are working out of Archangel's current office at 107 Church St. in Belfast, according to a news release. Terms of the acquisi- tion were not disclosed. N O T E W O R T H Y M I D C O A S T & D O W N E A S T Maine Community Foundation in Ellsworth awarded a total of $141,000 to state programs that as- sist older Maine people with trans- portation through its Maine Charity Foundation Fund and three additional donor-advised funds. The organiza- tion also announced that 15 projects totaling $619,000 will conserve more than 50,000 acres and create land conservation easements across the state with funding through its Maine Land Protection grant program. The grant program awarded $145,000, while donors with advised funds at the foundation contributed an addi- tional $474,000. B I Z M O N E Y This is Sloane. We were there when her parents bought the house. We're here now as she chases fairies in the garden. Someday she'll buy her own home and start her own family. And when that day arrives, we'll be there. 1-800-447-4559 | bathsavings.bank MEMBER FDIC EQUAL HOUSING LENDER Roux Institute names 5 startups to be in its next residency program B y R e n e e C o r d e s F ive startups in high-growth technology fields will soon take up residency at Northeastern University's Roux Institute in Portland or elsewhere in the state to build their ventures from scratch. Out of 57 applications submitted, five companies from four states have been selected to participate in the 2022 Founder Residency run by the Portland institute. The institute was launched in 2020 to transform Maine's largest city into a regional innovation hub focused on technology and life sciences. The companies are: Atlanta-based Election Bridge, a plat- form for households to connect and share feedback with government; North Yarmouth-based Tanbark Molded Fiber Products, a maker of molded fiber packaging; Cumberland- based women's digital health company Hey Freya; Boston- based DeepCharge Inc., an artificial intelligence-enabled wireless charging platform; and Philadelphia-based Shinkei Systems, which builds robotics to minimize fish waste. All five startups will be in Maine for the program. The year-long Founder Residency program is designed to suppor t first-time founders and those from underrepresented groups with ideas that have the potential to fundamentally change how people live and work. All founders in this year's cohort are BIPOC or female, and represent states from Maine to Georgia. "If we want to diversify Maine's startup ecosystem and reach Bounders that might not traditionally be included in the conversation, we need to think about the barriers that they face," said Ben Chesler, associate director of entrepre- neurship at the Roux Institute. Each founding team will receive a $25,000 grant to help get its venture off the ground. The funds are meant to lower barriers for entrepreneurs who might not otherwise have the means to support themselves while developing a product or technology. Participating founders will work out of the Roux Institute's Portland campus or at a partner site across the state; each will also be paired with an innovation associate to guide them through their residency. Two Maine startups will be part of the Roux Institute's next Founder Residency program. F I L E P H O T O / J I M N E U G E R

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