General University of Maine Publications
Document Type
Report
Publication Date
7-1-2023
Abstract/ Summary
In recognition of the unique role of public university research and development (R&D) in driving and diversifying private sector growth, 25 years ago our state’s Legislature established the Maine Economic Improvement Fund (MEIF). Through this targeted ongoing investment in commercially promising University of Maine System R&D, we’ve been able to build strategic statewide capacity to support hundreds of small businesses here to grow and create thousands of high-paying Maine jobs through new products and processes, while attracting new companies and opportunities to our state. Three-quarters of MEIF dollars are focused at the flagship University of Maine, which has expanded the external R&D funding it attracts annually to Maine from just $25 million when MEIF was born from bipartisan legislative action in the 1990s to nearly $150 million in 2022.
Repository Citation
University of Maine System, "Maine Economic Improvement Fund Annual Report, FY2022" (2023). General University of Maine Publications. 3561.
https://digitalcommons.library.umaine.edu/univ_publications/3561
Version
publisher's version of the published document
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