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V O L . X X I X N O. X X V I I N OV E M B E R 2 7 , 2 0 2 3 30 B A N K I N G / F I N A N C E / I N S U R A N C E Offshore Wind Partnering Forum in Maryland and blue tech accelerator programs Startup Alley in Maryland and Supply Chain USA in Boston. Like other entrepreneurs, Hidier says programs like Top Gun are not about the money. "It was a community," he says. "e mentors were amazing. It was great to spend 16 weeks with other people, exchanging ideas." Higher salaries HighByte, a Portland-based industrial software startup, won Gorham Savings Bank's LaunchPad prize of $50,000 in 2021 and went on to close a $3.5 million funding round six months later, move to a larger space and grow staff from nine to 29. It grew accounts from 15 to 49 globally, tripling annual recurring revenue each year since 2020. HighByte makes data integration and modeling software to improve data quality and reduce time spent preparing data for use throughout an enter- prise. Its latest release is an integration hub that facilitates data flow between IT systems. Where did the prize money go? "People," says Torey Penrod-Cambra, co-founder and chief communicators officer. "In 2021, we saw a huge surge in average com- pensation for tech workers, from R&D to quality assurance to technical sales," she says. "We didn't have it in our budget to hire the people we needed." » C O N T I N U E D F RO M P R E V I O U S PA G E We're proud to offer a wide selection of metal roofing and siding products. Give your home or business the color and style you're looking for with the durability and quality that only metal roofing and siding can provide. NOW OFFERING Screw Down Metal Roofing for just $3.39 per linear foot WAREBUTLER.COM FREE DELIVERY ACROSS THE STATE metals@warebutler.com STANDARD COLORS ONLY Free strapping available for pick-up at our Stillwater and Palmyra locations Visit one of our stores, or email us using the contact form on our website, for more information on these products. Advertised price for limited time F O C U S P H O T O / C O U R T E S Y O F H I G H B Y T E The big risk in tech is, if we don't move fast, we get overtaken by the competition. — Torey Penrod-Cambra HighByte Torey Penrod-Cambra said her Portland industrial software startup HighByte used a LaunchPad prize of $50,000 in 2021 to raise salaries in a competitive industry.