One of Maine’s smartest and most successful public investments began in 1997, with the creation of the Maine Economic Improvement Fund (MEIF). Funded through an annual State appropriation and periodically augmented through voter-approved bond referenda, MEIF provides university-based researchers with the capital necessary to leverage federal and private sector research grants and contracts. Those grants and contracts, in turn, create and sustain economic development through new jobs, products, technologies, companies, and opportunities.
Though both universities are engaged in MEIF-related research, their roles as research universities differ:
This website focuses specifically on MEIF-funded research taking place at UMaine, USM, and the campuses that were awarded MEIF Small Campus Initiative a program created in 2009. Other University System reports, notably its annual report on sponsored research, address the much broader scholarly activity taking place each year across all seven UMS institutions.
More information on the history and financials of the MEIF fund (PDF) since its inception.