I  Maine Center for Enterprise Development


     Office Locations:

30 Danforth Street, Suite 216
Portland, ME 04101
Phone: 207-774-8111
Fax: 207-774-8112



  • Early
  • Seed



  • Business Services
  • Consumer Products & Services
  • Information Technology



    The Maine Center for Entrepreneurial Development (MCED) is a private non-profit founded in 1997 that assists entrepreneurs building scalable innovation based Maine businesses. Although historically a traditional incubator that offered entrepreneurs space located on an academic campus, MCED is now a virtual resource for promising startups, regardless of their Maine location. Among several initiatives, the Center's Top Gun Entrepreneurship Acceleration program combines mentoring, curriculum and community to classes of competitively selected entrepreneurs. Campus Ventures, in collaboration with the University of Southern Maine, offers paid student interns and project management to advance entrepreneurs' technical and business needs in parallel. Affiliate incubation services provide customized assistance to companies on a growth path that may include equity financing. The Lunch and Learn seminar series and Table Talks offers a broader entrepreneurial audience informative two-hour talks for ten bucks that provide actionable information. Candidate companies for the Incubator must be a for-profit Maine entity with intention to stay in Maine upon graduation, and demonstrate an innovative and scalable business model.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Don Gooding Executive Director
    Laurie Johnson Program Manager
    Lee Cheever Operations Manager
    Susan Ruhlin Program Manager


    Portfolio companies include:

      Bitzy Baby
        web link

      Refill Management Systems
        web link

      Ruby Moon Laundry
        web link

      Wealth Gathering
        web link

      Wizbe Innovations
        web link

      Work it Up
        web link


    Recent News: