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BDN Reports on UMaine’s Involvement in Bangor Investors Group

The Bangor Daily News reported the University of Maine is collaborating with the Bangor Region Chamber of Commerce, The Target Technology Incubator and Mobilize Eastern Maine to start a localized “angel investing” effort to grow local industry. Angel investing refers to executives, business leaders and residents who help fledgling companies grow into larger-scale employers in exchange for potential big returns. John Porter, president and CEO of the Bangor Region Chamber of Commerce, said UMaine recently has been increasing its focus on research and development, resulting in commercial products that have the potential to expand into businesses that will increase employment and bring good-paying jobs to the region.

 

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