The Maine Economic Improvement Fund (MEIF@USM) provides financial support to faculty and professional staff to:
- Develop strategic initiatives that address challenges identified by businesses and industries in the MEIF target areas (Biotechnology; Aquaculture and Marine Technology; Composite Materials Technology; Environmental Technology; Advanced Technologies for Forestry and Agriculture; Information Technology; Precision Manufacturing Technology)
- Support multidisciplinary groups of faculty, staff, students, and external partners that bring about innovative solutions
- Leverage external support to sustain innovation.
MEIF aims to provide the basic investment necessary to obtain matching funds and competitive grants from private and federal sources. The measures of success are the additional funding leveraged, future workforce development, and the commercialization of products.
In response to the last fall’s 2017 competitive Call for Proposals, MEIF@USM has funded seven projects for 2018. Start dates vary from May to September:
- Leading Creativity and Innovation in Entrepreneurial Organizations
- Building Maine’s Tourism Workforce through a Graduate Program and Undergraduate Travel Class Partnership between USM and Reykjavik University
- Exploration and Feasibility of Course Offerings and Educational Support for the Fishing Industries in Southern Maine
- Samarbeid: Exploring Public Heath Collaboration in Norway
- Suds to Shrimp: Developing a Feed to Support an Aquaponics-based Prawn Polyculture in Maine
- Municipal Data Consortium: Needs Assessment and Feasibility Planning Project
- Lewiston-Auburn Entrepreneurial Lean Leadership Project for L-A Businesses in Partnership with L-A Area Chamber of Commerce