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Target Technology Incubator Earns Excellence Award

The New England Board of Higher Education (NEBHE) honored the University of Maine Target Technology Incubator at the 12th annual New England Higher Education Excellence Awards celebration March 7 at the Boston Marriott Long Wharf Hotel.

More than 400 people attended the event, including leaders of education, business and government from across the six New England states.

Located in the Target Technology Center in Orono, Maine, the Target Technology Incubator received NEBHE’s 2014 Maine State Merit Award. Target Technology Incubator is a partnership of the University of Maine, Bangor Area Target Development Corporation, the town of Orono, and the state of Maine. The incubator provides scalable innovation-based companies with access to resources they need to grow and attain long-term success within an environment that fosters businesses development, commercialization and successful management practices.

In the past year, which was marked by slow job recovery in the employment market, the incubator’s tenants and its affiliates created more than 15 new jobs.

“The connection between universities and technology development is a hallmark of New England’s economy,” said NEBHE President and CEO Michael Thomas. “Incubators like this one allow a great idea to become a real value-producing company.”

Contact: Margaret Nagle, 207.581.3745;

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