Introduction
Success:
By leveraging MEIF funds, UMaine and USM have attracted a combined $58 million in federal and private-sector grants and contracts related to the seven strategic research areas.
Return on Investment:
Using its long-established research capacity, UMaine used $15.7 million in MEIF funds to attract $50.8 million in federal and private-sector research funds. USM continued to build its research capacity, using $2.8 million in MEIF funds to leverage an additional $7.2 million in federal and private-sector grants and contracts.
Strategic Impact:
In 2009, $76 million was invested in university-based research and development related to the MEIF-targeted areas. The amount represents the combined total of grants and contracts received, and the MEIF funds drawn down to leverage them.
Creating Jobs:
In 2009, 543 full-time equivalent (FTE) positions were funded in Maine through the funds leveraged and expended related to MEIF.
| Table 1 | |||
|---|---|---|---|
| UMaine Funds | USM Funds | Total | |
| MEIF Funds Used | $15,655,032 | $2,813,968 | $18,469,0001 |
| Grants & Contracts2 | $50,781,609 | $7,207,061 | $57,988,670 |
| Total Funds | $66,436,641 | $10,021,029 | $76,457,670 |
1 Includes prior year funds carried forward
2 Grants & Contracts leveraged is based on awards and includes multi-year awards
