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W W W. M A I N E B I Z . B I Z M A R C H 6 , 2 0 2 3 C O N T E N T S S TA R T U P S F O C U S T H U M B N A I L O N PA G E 7 » 5 Copyright 2023. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $84.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email circulation@mainebiz.biz or call our circulation department at 845-267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen DIGITAL EDITOR Ann Fisher SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster Zoey (emeritus) A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies DIRECTOR OF AUDIENCE DEVELOPMENT Leah Allen Purchase a group subscription for your team or entire organization. Get access to Mainebiz for your entire team EMAIL CIRCULATION@MAINEBIZ.BIZ FOR MORE INFORMATION At Androscoggin Bank, we care about your business just as much as you do. Our dedicated team of business bankers go the extra mile to provide you with value at every step along your journey. To learn more about how we can help your business boom, call 800-966-9172 or, visit androscogginbank. com/schedule-an-appointment WE'RE ALL BUSINESS. YOUR BUSINESS. L E T T E R S 3 From Dirigo Labs: Launch well and grow in Waterville 3 From Gorham Savings Bank: Every Maine business deserves a local bank 4 From MTI: MTI helping catalyze innovation in Maine 4 From Pierce Atwood: Investing in Maine's Future by Supporting Maine Startups 6 From the Editor: Starting a business is rarely a neat and tidy process 8 Something that matters: Kinotek pioneers platform to track body-movement health 10 The healing power of music: MedRhythms helps people using sensors, neuroscience, and music 12 Power from the tides: Engagement with remote communities helps maker of river-driven power system scale up 16 Slow money, fast growth: A cheese maker's journey has had a fast pace 18 Thinking outside the box for a different kind of pop- up container: Siblings Ben and Emily Davis raised $500K in seed money to kickstart OpBox 20 Making a splash in the skincare industry: A Marin Skincare's lotion uses ingredients derived from lobsters 22 TimberHP's $125 million: After retrofit, the Madison mill will produce high- performance insulation 24 The secret sauce: Kittery's Good To-Go leverages Maine's mentorship and capital resources 26 Growing mushrooms — and growing a business: Maine Cap N' Stem is model for startup growth 29 Startup resources: Maine's resources for entrepreneurs 30 List: Maine Technology Institute investments