About Us
The Target Technology Incubator is located within the Target Technology Center in Orono, Maine. The facility provides a superior environment for information technology development and commercialization activities. In addition to the Incubator, the facility houses University of Maine researchers and private sector technology firms. The Incubator provides developing firms with the space, support services and resources necessary to become successful. The facility was developed by the Bangor Target Area Development Corporation in partnership with the University of Maine. This center is one of seven centers in Maine designed to assist firms engaged in technology related activities.
Mission
The mission of the Target Information Technology Incubator is to provide information technology firms with access to the resources they need to grow and attain long-term success within an environment that fosters information technology development, commercialization and successful business management practices.
GOALS:
- Develop emerging technologies into viable companies.
- Create an environment of entrepreneurship to foster economic development in the region.
- Develop successful management practices to ensure continued success of companies.
- Expand resources in the region to support technology related enterprises.
- Encourage students/youth to consider self-employment/new company formation as a viable career option.
History
The Target Information Technology Incubator is located within the Target Technology Center in Orono, Maine. The Center was developed by the Bangor Target Development Corporation in partnership with the University of Maine, the State of Maine, and the city of Orono. The Target Technology Center was one of the first four designated Applied Technology Development Centers to be established in the State of Maine.
The Center was completed in the Fall of 2001, with a grand opening celebration on June 7, 2002. The Target Information Technology Incubator comprises 1/3 of this 20,000 sq. ft facility. The facility also houses established technology companies, University of Maine researchers, including the National Center for Geographic Information Analysis and a super computer cluster developed in partnership with the Department of Defense and Applied Thermal Sciences.
The Incubator program was developed to stimulate the growth of early stage information technology companies, within an environment that is fostering information technology activity. The University of Maine is sponsoring the Incubator program as a way to facilitate commercialization of University based research, in addition to supporting the development of new technologies in the private sector.
The Incubator accepted it’s first tenant, Stillwater Scientific Instruments, in January of 2002.
Partners
Academic Partnerships
Business Partnerships
- Bangor Target Development Corporation
- Cities of Bangor and Orono
- Eastern Maine Development Corporation
- Finance Authority of Maine
- Maine International Trade Center
- Maine Small Business Development Centers
- Maine Procurement Technical Assistance Center
- Private Sector Banks
- Venture Capital Groups
- National Business Incubator Association
Technical Partnerships
- Maine Manufacturing Extension Partnership
- Applied Technology Development Centers
- Maine Technology Institute
- MESDA - Maine's business association for information technology businesses
- Maine Investment Exchange
- Maine Patent Program
Advisory Board
David Austin, Esq. - Eaton Peabody
Robert Baldacci Jr - Pierce Atwood Consulting
Sandford Blitz - Bangor Target Area Development Corp.
Jonathan Daniels - Eastern Maine Development Corporation
James Hiney - Technology Law Office
Daniel E. Innis - College of Business, Public Policy, and Health University of Maine
James McConnon - Cooperative Extension University of Maine
Dr. James H. Page - James W. Sewall Co.
Robert Shuman, CPA - Edwards, Faust & Smith
Steve Thomas - Key Bank
James S. Ward , IV - Office of Research and Economic Development University of Maine