Maine Economic Improvement Fund

UMaine Highlights

• Grants and Contracts: The Return on Investment in University-based Research
  Total new dollars (MEIF + all grants) available for R&D expenditures were $75,658,933 in FY09. UMaine used $12,013,784 in MEIF funds to leverage $50,781,609 in external grants and contracts specifically in the State’s seven targeted sectors.
• Technology Transfer and Commercialization
  UMaine continues its technology transfer and commercialization program. The University’s total patent portfolio now contains more than 80 U.S. patents, U.S. pate applications, and international patents.
• Target Technology Incubator
  The University of Maine is a partner in the operation of two of the State’s Advanced Technology Development Centers or “business incubators.” The Target Technology Incubator in Orono provides both physical space and business counseling services to technology companies. The center is beginning its eighth year.
• Economic Development
  Total new R&D funding in FY09 was $75 million. Of that amount, MEIF funds accounted for $12 million, which was leveraged to bring in an additional $50.7 million in external grants – exclusively in the seven target sectors.