Mainebiz reports Scratchpad Accelerator to receive $150K from Bangor Savings
Mainebiz reported the Bangor-based Scratchpad Accelerator, run by University of Maine Business School associate professor of management Jason Harkins and serial entrepreneur Lisa Liberatore, will receive a $150,000 investment from Bangor Savings Bank over three years. The bank was a founding corporate partner of Scratchpad, a seed-stage accelerator business that helps grow startup companies, when it was launched in 2015. Scratchpad has worked with eight companies across the state that were trying to grow to the national or international level and needed outside financing. Those companies have raised more than $3 million, added hundreds of new customers and created more than a dozen jobs, the article states. “Scratchpad is thrilled to partner with Bangor Savings to be able to support entrepreneurs as they work to get to scale quickly,” said Harkins. “Accelerators act as a force multiplier for entrepreneurs helping them grow revenue, customers and ultimately, jobs. Scratchpad could not exist without crucial financial support like what Bangor Savings has committed.” Scratchpad plans to use the funding for operational expenses for its third cohort of entrepreneurs in the fall, Mainebiz reported.