General University of Maine Publications

Document Type

Report

Publication Date

12-31-2020

Abstract/ Summary

The Maine Economic Improvement Fund (MEIF) represents Maine’s ongoing commitment between the state and our public universities, working together to advance research and economic development for the benefit of all Maine people. In July 2014, the University of Maine System Board of Trustees (UMS BOT) established strategic outcomes and metrics to measure the performance of the University of Maine System and its campuses. Included in these strategic outcomes are specific goals for research, economic development and workforce development. The UMS BOT has applied these overall strategic outcomes to research and development, and has established specific goals and metrics for the Maine Economic Improvement Fund to help achieve the strategic outcomes. These metrics were approved at the end of FY2014, and are applied to all FY2019 MEIF activity and included in this annual report. New goals for FY2020 and beyond are presented at the conclusion of this report and are aimed at advancing the goals of the University of Maine System Research and Development Plan, and the Maine Economic Development Strategy. By statute, MEIF funded activity is restricted to Maine’s seven statutorily established R&D sectors.

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