WLBZ (Channel 2), WABI (Channel 5) and WVII (Channel 7) reported a 7-year-old from Newport who suffers from hydrocephalus, which has caused her to be developmentally delayed due to seizures, recently received a $4,500 bed specially designed by Millinocket man Patrick Cyr and paid for by the Robbie Foundation. Cyr started his company, Courtney Beds, in 2009 with the help of the University of Maine’s Knowledge Transfer Alliance.
Archive for the ‘Maine Business School’ Category
Nory Jones, professor of management information systems at the Maine Business School at the University of Maine, spoke with the Bangor Daily News about the decision of several businesses to stop sponsoring the local tevelsion show “Atlantic Adventures” after a video of the show’s host using a slur went viral. Jones spoke about the importance of social media in the business world.
The Sun Journal of Lewiston recently profiled James Morin, a 2010 University of Maine graduate and co-founder of the UMaine Business Challenge. The challenge was created to support and encourage young Maine entrepreneurs.
Twenty-eight female college students from Maine institutions will arrive at the University of Maine on Thursday, May 30 to take part in the fifth annual Maine NEW Leadership session.
The event is a free, six-day, public leadership training program aimed at strengthening leadership skills, learning how to network and encouraging running for public office.
Throughout the session, students will participate in a variety of workshops hosted by guests including state politicians, public leaders and members of the Margaret Chase Smith Policy Center and UMaine faculty.
The students will also travel to the State House in Augusta and Margaret Chase Smith Library in Skowhegan.
More information is available online or by contacting Mary Cathcart, co-director of Maine NEW Leadership and a senior policy associate at the Margaret Chase Smith Policy Center, at 207.581.1539.
The second annual UMaine Business Challenge for student entrepreneurs recently awarded thousands of dollars in cash and consulting services to a University of Southern Maine student and three UMaine finalists.
Tom Myers, a USM mechanical engineering student from Gray, Maine, won the grand prize of $5,000, as well as the $4,000 technology prize and consulting services donated by sponsors to promote his business, ABC Firewood.
Spencer Wood, a UMaine communications and human development double major from Salisbury, N.H., won the second-place prize of $1,000, as well as patent and law consulting for his business, Body Guard Fitness.
The other finalists, Henry Bonneau, a UMaine civil engineering major from Skowhegan who owns Bonneau & Son Excavation, and Matthew Hodgkin, a UMaine animal science major from Colebrook, Conn., who co-owns LobsteRX, won consulting time with sponsors and judges.
The UMaine Business Challenge (UBC) was started by 2010 UMaine graduates Owen McCarthy, James Morin, Matt Ciampa and Sangam Lama to support and promote new businesses started by UMaine students and to improve Maine’s economy. This year, the team was joined by marketing representative Hannah Hudson, also a 2010 UMaine graduate.
“We started UBC because we are passionate about UMaine and the state,” McCarthy says. “We saw this as an opportunity to pay it forward. It is our goal to see UBC alumni leading the state in economic growth and development while giving back to the university in their time, talent and treasure.”
The competition is sponsored by Maine Technology Institute, Blackstone Accelerates Growth, University Credit Union, UMaine Class of 1944, UMaine Class of 1980, UMaine Class of 2010, Maine Business School, University of Southern Maine, Opticliff ESQ, The Swanson Group LLC, Maine News Simply and WLOB Radio.
The four finalists were chosen after rounds of competition including an intent to participate stage, questionnaire and executive summary. The finalists were then asked to submit complete business plans to a panel of judges including James Page, University of Maine System chancellor; Jesse Moriarity, coordinator of UMaine’s Foster Center for Student Innovation; Jason Harkins, Maine Business School professor; John F. Burns, fund manager for Small Enterprise Growth, Maine’s Venture Capital Fund; Meredith Strang Burgess, president and CEO of Burgess Advertising & Marketing; Gregory Cavanaugh, program manager for external programs at University of Southern Maine; and Marc Brunelle and Brent Larlee, UMaine alumni and entrepreneurs.
The finalists share the same goal of promoting businesses in Maine.
Tom Myers, ABC Firewood
The idea for Myers’ startup business began when he came across a YouTube video of a commercially produced firewood processor.
“I was analyzing the production process and got thinking about all the inefficiencies in the design,” Myers says. “I thought about how I would do things differently and the idea grew from there.”
Myers, who will graduate in 2015, says he wants his business to be a leading provider in high-quality, affordable firewood in southern Maine.
“Through the use of innovative, custom-designed processing equipment we will be able to keep production rates and quality high while keeping costs down to a minimum,” Myers says. “We are also aiming to completely change the way firewood is sold.”
Myers says there is currently no quantifiable number as to how much heat a delivery of wood produces. ABC Firewood plans to use a new method for quantifying the heat output of a wood delivery to ensure clients are getting the most for their money and to help weed out dishonest suppliers.
Winning first place in the challenge as well as the technology prize through MTI and Blackstone will allow Myers to begin operations immediately through startup funds, establishing contacts and strengthening business skills.
“By winning, my business plan was suddenly backed and supported by many different people all vowing for its viability,” Myers says. “It gave me the confidence and knowledge necessary to get the ball rolling and start my own business. I think this is a huge obstacle to overcome for any entrepreneur, but an even larger one for a young entrepreneur.”
Spencer Wood, Body Guard Fitness
Wood, who graduated in May and plans to return to UMaine to get his master’s degree in human development, got the idea for his business while playing for the UMaine football team.
“I needed something to keep my body in peak physical condition that I could take on the road and use in the residence halls when I was living on campus,” Wood says.
He describes his business as “the first of its kind.”
“This revolutionary product in full-body fitness and mobility will transform the fitness industry and bodies alike,” Wood says. “It is a unique combination of push-up grip and resistance-band technologies that come together to provide a comprehensive and demanding full-body workout.”
Wood’s goal is for the Body Guard to become a household name and a familiar product in the fitness world. He wants his product to be known for giving users confidence.
Since the challenge, Wood has worked with some of the judges and the Foster Center and is confident the money and counseling he won will greatly affect his business.
“If my product is patentable, which it looks it is, the sky will be the limit,” Wood says.
Henry Bonneau, Bonneau & Son Excavation
Bonneau started his excavation business in May 2012 with a 4-yard dump truck, skid steer and backhoe to complete lawn and residential drainage work. By the end of the summer, he was able to purchase a bulldozer that allowed him to also clear land, put in driveways, dig septic systems and complete large-scale landscaping.
Bonneau says his advertising strategy and eagerness to find work helped him have a successful first year and allowed him to purchase a full-sized 18-yard dump truck.
Last summer’s jobs included septic systems and house lots, as well as larger projects such as working on a $350,000 residential reconstruction project and a land rehabilitation and repair project for Central Maine Power.
Bonneau, who plans to graduate in 2015, wants his company to grow and differentiate itself from other Maine contractors.
“I aspire to emphasize green and ‘low-impact’ construction while incorporating today’s most innovative construction methods and materials,” Bonneau says, adding he already has plans to construct a bioretention cell, or natural soil filter, and look into innovative materials such as tire-derived aggregates.
Bonneau believes the consulting services he won and connections he made from the UMaine Business Challenge will benefit his company.
“I suggest any and all entrepreneurs who are aware of this competition and are anxious to get their business off the ground [or in my case, develop it further] should take full advantage of this opportunity,” Bonneau says.
Matthew Hodgkin, LobsteRX
Hodgkin, who expects to graduate in May 2015, decided to start a business with his partners, Lobster Institute Executive Director Robert Bayer, Lobster Institute Associate Director Cathy Billings, and Stewart Hardison, a business partner from outside the UMaine community, after the four had a conversation about lobster industry waste.
“Our business is taking the lobster processing by-products and trying to find uses for them,” Hodgkin says. “So far we have had success in that we have come across certain antiviral and antineoplastic properties.”
Hodgkin and his partners aim to create products from lobster-processing industry waste. Their goal is to get more money to lobstermen and improve Maine’s economy.
Contact: Elyse Kahl, 207.381.3747
Upward of 12,000 people attended the University of Maine’s 211th Commencement at Harold Alfond Sports Arena May 11 and heard remarks by alumnus Lawrence Bender, the producer of films that have won a total of six Academy Awards.®
This academic year, 1,665 students — 1,333 undergraduate and 332 graduate students — earned degrees from UMaine.
A 10 a.m. ceremony was held for graduates in the College of Business, Public Policy and Health; the College of Liberal Arts and Sciences; the College of Education and Human Development; and the Division of Lifelong Learning. Graduates in the College of Engineering and the College of Natural Sciences, Forestry, and Agriculture were recognized at a 2:30 p.m. ceremony.
UMaine President Paul Ferguson, who presided over the ceremonies, encouraged the students to invest their talent, success and great achievements in enriching the world and improving the quality of life of those around them. The hope, he said, is that the students’ experiences and education at UMaine have inspired them to dare and to “achieve greatly.”
“You can be confident that your UMaine education represents the very best of Maine and that you, in turn, represent the very best of Maine,” Ferguson said. “It is with great pride that I remind you that UMaine is now forever a part of your identity, just as you are the legacy of the University of Maine.”
UMaine awarded an honorary degree to film producer Lawrence Bender, whose noteworthy projects such as “Inglourious Basterds,” “Pulp Fiction” and “Good Will Hunting” have been honored with 29 Academy Award® nominations, including three for Best Picture. His film, “An Inconvenient Truth,” which raised unprecedented awareness about climate change, won the Academy Award® for Best Documentary Feature.
In his remarks, which included a standing ovation, Bender said he would not have the life he lives today if not for his University of Maine experience, and he urged the students to find success through consistent hard work and persistence.
“How can you achieve greatness? I would say three basic things,” said Bender, who graduated from UMaine in 1979 with a degree in civil engineering. “One, you must find your passion. Two, failure must be a possibility. And three, never give up, especially when you are failing.”
“The ability to allow yourself to fail is the ability to allow yourself to go full on and to break boundaries. Many times it’s only by failing that you find the real truth. And this is not esoteric, this is basic to the heart of all entrepreneurism.”
Other Commencement speakers included students Emma Burgess Roy of Auburn, Maine, a graduating senior in international affairs, with a concentration in women’s studies; and Lindsay LaJoie of Van Buren, Maine, a graduating senior in food science and human nutrition.
LaJoie is the 2013 salutatorian. The 2013 valedictorian is Spencer Hathaway of Turner, Maine, who received two bachelor’s degrees — economics and business administration in accounting.
Also honored at Commencement, as well as at a Faculty Appreciation and Recognition Luncheon today, were four faculty members in physics, insect ecology, finance and computer science. Professor of Physics Robert Lad, director of UMaine’s Laboratory for Surface Science and Technology is the 2013 Distinguished Maine Professor, an award presented by the University of Maine Alumni Association in recognition of outstanding achievement in the university’s mission of teaching, research and public service.
Professor of Insect Ecology Francis “Frank” Drummond is the 2013 Presidential Research and Creative Achievement Award recipient. This year’s Presidential Outstanding Teaching Award recipient is Professor of Finance Richard Borgman. Professor of Computer Science George Markowsky is the recipient of the Presidential Public Service Achievement Award.
University of Maine System Board of Trustees members Samuel Collins and retired Adm. Gregory Johnson, a UMaine alumnus, delivered greetings from the board in the morning and afternoon sessions, respectively.
Alumna Samantha Lott Hale, chair of the University of Maine Alumni Association Board of Directors, welcomed the new graduates to the ranks of the more than 105,000 University of Maine alumni worldwide.
Contact: Margaret Nagle, 207.581.3745
The Bangor Daily News spoke with Pankaj Agrrawal, associate professor of finance at the University of Maine, for the article “Maine’s credit unions break records for members, assets in 2012.” Agrrawal says some of the success of credit unions is “backlash” from the role larger banks played in the financial crisis.
The Sun Journal of Lewiston recently reported Spencer Hathaway of Turner was named the 2013 valedictorian at the University of Maine. Hathaway will be honored at Commencement May 11 and will receive two bachelor’s degrees — one in economics and one in business administration in accounting.