General University of Maine Publications

Document Type

Report

Publication Date

12-31-2002

Abstract/ Summary

The University of Maine continues to grow the R&D enterprise as seeded with the Maine Economic Improvement Fund (MEIF). The Institution continues to use the fund as investment capital across the technology sectors that are important to Maine and across the R&D continuum to ·continue to leverage Federal dollars as well as create economic opportunities for UMaine graduates and businesses across the state. In FY2002, the University of Maine received $8,080,000 of MEIF to support matching funds for grants and contracts, equipment purchase, capital construction, staff salaries and services to support research, development, technology transfer and economic development and in the areas of Advanced Materials Engineering, Advanced Technologies for Forestry and Agriculture, Aquaculture and Marine Sciences, Biotechnology, Information Technology and Technology Transfer. The $3.5. million invested in matching funds alone generated $39.4 million in direct grants and contracts, a return of 11 to 1 for each dollar invested.

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