FY16: July 1, 2015 – June 30, 2016

2016 ANNUAL REPORT The Maine Technology Institute MAINE TECHNOLOGY INSTITUTE YEAR IN REVIEW The Maine Technology Institute (MTI) was established by the Maine Legislature to encourage, promote, stimulate and support research and development activities leading to the commercialization of new products and services in the state's “Maine Technology seven targeted technology sectors; to enhance the comp. [...] The Commissioner of the Maine Department of Economic and Community Development, the Chancellor of the University of Maine System, the President of the Maine Community College System and the Director of the Office of Policy and Management, or their designees, are ex-officio members. [...] Maine Cancer and Aging Research Bond: In 2014, the Legislature authorized (Public Law 2014, Chapter 574), and the voters of the State of Maine approved, $10 million in bond funds to build a research center, to discover genetic solutions for cancer and the diseases of aging, and to promote job growth and private sector investment in Maine. [...] The funds were awarded through a competitive process to modernize and expand infrastructure in a biological laboratory specializing in tissue repair and regeneration, in order to increase biotechnology workforce training, retain and recruit to the state multiple biomedical research and development groups and create a drug discovery and development facility that will improve human health and stimul. [...] Marine Economy & Jobs Bond: In 2014, the Legislature authorized (Public Law 2014, Chapter 592), and the voters of the State of Maine approved, a $7,000,000 bond issue to facilitate the growth of marine businesses and commercial enterprises that create jobs and improve the sustainability of the State's marine economy and related industries through capital investments.