MedRhythms, Inc.

Investment

  • NMTC Amount: $1,249,993
  • Total Project Cost: $13,484,421

IMPACT

  • 67 FTE jobs
  • 20 jobs created and 47 jobs retained.

Investor

Project Description

MedRhythms, Inc. (“MedRhythms”) is a digital therapeutics company using sensors, software, and music to deliver Auditory-Motor Entrainment (“AME”) therapy to chronic stroke survivors. Rhythmic auditory stimulation unconsciously synchronizes with the motor system, leading to improvements in walking speed, gait symmetry, and fall risk, ultimately improving independence and quality of life for patients. This project supported MedRhythm’s ongoing research, development, and product commercialization efforts and provided working capital.

MAP

Address: 183 Middle Street, Suite 300, Portland, ME 4101

Census Tract: 23005000300

Other Maine Projects

Established over 100 years ago, Quoddy is a high-end, hand-sewn shoe manufacturer.
NMTC investments raise the profile of rural Maine as a premier, nature-based tourism destination.
New Markets Tax Credit Investment to Expand Penobscot Community Health Care’s Seaport Community Health Center
Construction of a 44,000 sq. ft. marine research/education laboratory on the waterfront in Portland, with a mission of sup-porting the fishing industry in the Gulf of Maine.