As Northeastern University’s Roux Institute sets out to turn Portland into a technology and life sciences “innovation hub,” the academic center is launching a residency program for startups focused on those and other areas.
The institute, whose Portland home is in a downtown space leased from WEX Inc., is seeking early-stage technology companies to be co-located there for 12 months beginning in January.
Selected participants in the Roux Institute Startup Residency will be able to work alongside other resident companies and Roux Institute research terms as well as interact with Roux Institute students and corporate partners, which include WEX and Tilson.
Resident companies will also have access to the institute’s innovation experts for project supports and will be allocated a full-time co-op student from July through December.
Chris Wolfel, the Roux Institute’s director of entrepreneurship, told Mainebiz that the program is open to companies based inside and outside of Maine, and that the first cohort would consist of between three and five companies. He said that a handful of applications had come in already.
“For this program we’re looking for technology-based companies who are excited to stay in Maine or relocate a significant portion of their team to the state,” Wolfel said.
He added that while ideal companies will be using applied artificial intelligence in life sciences, materials and manufacturing, modernization of natural resources and cybersecurity, “we encourage everyone to apply.”
Katie Shorey, president of Startup Maine and director of engagement at Live + Work in Maine, said she’s excited about the “boldness” of the residency program.