Startup "accelerator" program comes to Bangor | News

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Startup "accelerator" program comes to Bangor

(NEWS CENTER) --  The University of Maine and the Maine Technology Institute are teaming up to help people who want to develop a startup company.

They've created a program called scratchpad, known as a "seed accelerator," to get entrepreneurs money and provide them with mentors.

Similar to other business accelerators around the country, companies chosen by Scratchpad will be eligible for up to $25,000 for their business.

They'll also have daily meetings with mentors and the scratchpad team. The program is targeted at companies in fields that use local resources and have high growth potential, like forest products or IT.

Entrepreneurs also have to keep themselves and their company in Bangor for the duration of the program.

Harkins is hoping more applications come in before the deadline later this month, just not too many.

"What I have said from the very beginning is if we could get 12 to 15 great applicants, that would be amazing because we only have three slots," he said.

So far, ten applications have been received.

The deadline for businesses to apply is Aug. 28.