Company founded by UMaine researchers, student to take part in pitch competition, BDN reports
The Bangor Daily News reported Lobster Unlimited, a company started by University of Maine researchers and an undergraduate, will take part in a business pitch contest hosted by AOL founder Steve Case on Oct. 2. Case announced earlier this year that his investment firm’s Rise of the Rest tour would count Portland as a stop, opening a chance for one of eight Maine businesses to win $100,000, according to the article. Lobster Unlimited LLC aims to develop products from lobster-processing industry waste, such as shells. It is co-owned by recent UMaine graduate Matthew Hodgkin, who was an undergraduate when the company began; Bob Bayer, executive director of the Lobster Institute at UMaine; Cathy Billings, associate director of the Lobster Institute; and Stewart Hardison, a business partner from outside the UMaine community. The company’s goal is to get more money to lobstermen and improve Maine’s economy. Mainebiz also published an article on the contest.