Date: Mar 05, 2014 Author: press release Source: Main Venture Fund (
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Cerahelix, Inc., based in Orono, Maine is a material science company developing a ceramic coating used to produce highly efficient filters that require less energy to operate and have lower maintenance costs that current filtration technologies. The company had a successful 2013 with highlights that include receiving a $1million Phase II SBIR grant, three issued patents, and winning the Bion and Dorian Foster Entrepreneurship Award.
The Maine Venture Fund and other individual investors in Maine partnered to provide Cerahelix with the necessary capital to support the company's marketing and commercialization efforts relevant to the SBIR funded R&D activities.
According to CEO Susan McKay, "These funds have enabled us to expand our team by supporting the hiring of Ed Weisberg who brings additional business development expertise to Cerahelix."
Maine Venture Fund first invested in Cerahelix in the Spring of 2012 because of Susan's and her team's professionalism and vision for their ground breaking filtration technology. "Cerahelix is the kind of company venture funds around the world are seeking -- a strong management team, with a disruptive technology in a large market," says Maine Venture Fund Associate Jayme Okma Lee. "We look forward to being apart of Cerahelix's future success.
For more information regarding Cerahelix visit their website at www.cerahelix.com
The mission of the Maine Venture Fund is to provide resources to attract, support, and help develop eligible small businesses with the potential for substantial growth and success that will contribute to the prosperity of Maine.
