By leveraging MEIF funds, UMaine and USM have attracted a combined $58 million in federal and private-sector grants and contracts related to the seven strategic research areas.
Return on Investment:
Using its long-established research capacity, UMaine used $15.7 million in MEIF funds to attract $50.8 million in federal and private-sector research funds. USM continued to build its research capacity, using $2.8 million in MEIF funds to leverage an additional $7.2 million in federal and private-sector grants and contracts.
In 2009, $76 million was invested in university-based research and development related to the MEIF-targeted areas. The amount represents the combined total of grants and contracts received, and the MEIF funds drawn down to leverage them.
In 2009, 543 full-time equivalent (FTE) positions were funded in Maine through the funds leveraged and expended related to MEIF.
|UMaine Funds||USM Funds||Total|
|MEIF Funds Used||$15,655,032||$2,813,968||$18,469,0001|
|Grants & Contracts2||$50,781,609||$7,207,061||$57,988,670|
1 Includes prior year funds carried forward
2 Grants & Contracts leveraged is based on awards and includes multi-year awards