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MCED helps innovators fill in the gaps between their deep industry expertise and the strategic business skills critical to launching a scalable, sustainable venture. Maine's unique economic and geographic challenges demand more that a traditional business incubator. They demand a catalyst.

MAINE CENTER FOR ENTREPRENEURAL DEVELOPMENT NAMES THOMAS RAINEY AS NEW EXECUTIVE DIRECTOR

MAINE CENTER FOR ENTREPRENEURAL DEVELOPMENT NAMES THOMAS RAINEY AS NEW EXECUTIVE DIRECTOR

Portland, ME: (August 15, 2016): The Maine Center for Entrepreneurial Development (MCED) Board of Directors announced today that Thomas G. Rainey will be the Executive Director of MCED starting September 6, 2016, following a nationwide search. His objectives will include refining the quality of MCED’s current programs such as Top Gun, elevating the priority of the creation of effective entrepreneurial programs for rural participants, and using the high caliber skills and connections of MCED’s staff and Board members to build programming to help businesses that are scaling up accelerate their growth.

Tom’s background includes over 20 years in technology-based economic development and entrepreneurship in rural communities like Maine. Among other accomplishments, he developed and served as President of the Vermont Center for Emerging Technologies in partnership with the University of Vermont, and served a similar role for the Northern Arizona Center for Entrepreneurship and Technology incubator in Flagstaff, AZ. He developed a statewide business incubation strategy for the State of New Hampshire, including the development of the Dartmouth Regional Technology Center in Lebanon, NH. Mr. Rainey also launched a $5 million award-winning medical device accelerator in the Greater Phoenix area. In the 1990’s, he was also responsible for the development of six NASA-funded business incubator facilities in Florida. He is a graduate of Washington University in St. Louis, and has a Master’s Degree in Science and Technology Policy from Lund University in Sweden.

“Tom is the right person to help MCED transition to the next level,” said Dr. Catherine Renault, chair of the MCED Board. “He has demonstrated success in delivering business assistance services to high-growth companies in rural and underserved areas, and significant results identifying and securing funding for these programs. We were also impressed with his international experience, including with Canada and Europe, as well as his strong business and personal ties to New England and Quebec.”

Established in 2000, MCED’s mission is to build and lead a community of growth-oriented entrepreneurs in Maine, by supplying them with the training, connections, coaching and mentors they need to commercialize and grow their ideas, products and services so that their companies will drive the growth of Maine’s economy. Over its 15 plus years, the organization has accelerated the growth of hundreds of ventures, established a mentor network with over 100 active members, and offers the very best training, advice, and connections to entrepreneurs. In 2015 alone, MCED served 200 entrepreneurs, including 32 Top Gun companies who have raised over to $9.5 million in new financing.

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