É«ÏãÊÓÆµ receives $1.5M grant from Maine Technology Asset Fund for biomedical research

 The É«ÏãÊÓÆµhas received a $1.5 million grant from the Maine Technology Asset Fund (MTAF) toward completion of the biomedical research labs on É«ÏãÊÓÆµâ€šÃ„ôs Biddeford Campus. 

Maine Governor John Baldacci announced the grant June 9, 2009 in Augusta.  Applicants from throughout the state applied for the highly competitive MTAF funds, which are financed through the research and development bonds approved by Maine voters in November 2007.

Timothy Ford, Ph.D., É«ÏãÊÓÆµ Vice President for Research and Dean of Graduate Studies, states: “We are delighted to receive this support from the Maine Technology Asset Fund.  This award will not only contribute to training our biomedical workforce, but also to the success of critical research being conducted at É«ÏãÊÓÆµ to reduce human suffering from neurological disease.”

Research and
Economic Growth
É«ÏãÊÓÆµâ€šÃ„ôs Director of the Edward Bilsky, Ph.D., adds, “The MTAF grant will greatly enhance our ability to conduct important biomedical research at the É«ÏãÊÓÆµand will expand our capabilities to partner with other institutions and companies in Maine and around the world. É«ÏãÊÓÆµ  is strongly committed to diversifying and growing the Maine economy through job creation, expansion of research programs that create intellectual property and startup companies, and the attraction of established businesses that want to relocate to Maine. We are clearly seeing the positive impact that biomedical research can have on economic development, and this continued investment by the state will provide even greater returns.”

This is the second award É«ÏãÊÓÆµ has received from MTAF in less than a year.  Last August, É«ÏãÊÓÆµ was awarded $4 million to support drug development research at its new College of Pharmacy in Portland. 

É«ÏãÊÓÆµ President Danielle Ripich, Ph.D., states, “We are pleased that the state recognizes É«ÏãÊÓÆµ as a key contributor to research and economic development in Maine.  This award will enable É«ÏãÊÓÆµ to advance the important work being conducted in our Center of Excellence in Neuroscience, which will benefit Maine’s residents, businesses, quality of life, and the economy.”