MTI Welcomes 3 New Board Members

The Maine Technology Institute’s governing Board of Directors is composed of fifteen private and public-sector members. All members selflessly volunteer their time, energy and talent to MTI to help drive innovation and economic growth in Maine.  Eight of the directors represent the state’s seven targeted technology sectors, two have demonstrated significant experience in finance, lending or venture capital, four represent the university system, community college system, the Office of Policy and Management, and the Department of Economic Development, and the final spot is reserved for MTI’s President.

Members who are not designees from the public-sector entities, are appointed by the Governor to three year terms and are permitted to serve two consecutive terms. Recently, the organization welcomed 3 new members.  The new directors – – Richard Ganong, Stacey Huth and Meredith Mendelson – – bring vast experience in finance, biotechnology, and aquaculture and marine-related issues to MTI.

Rick Ganong of Brunswick has more than 25 years of experience in the financial services industry with a focus on venture capital and hedge fund investing. He was a Partner at the Tudor Investment Corporation, an internationally recognized diversified investment management firm, and was a founding General Partner of the Tudor Venture Group which managed a series of funds providing growth capital to private companies in various information technology industries.  Most recently, Rick was the Senior Vice President of Development and Alumni Relations at Bowdoin College.  His education background includes an MBA from the Tuck School at Dartmouth and a BA from Bowdoin College.

Stacey Huth of Yarmouth is the Director of Molecular Program Management at EnviroLogix, Inc., a subsidiary of Ensign-Bickford Industries.  EnviroLogix is a Maine-based biotechnology company developing rapid GMO and mycotoxin detection technology.  Stacey has extensive experience in bringing diagnostic products and systems to market.  Prior to joining EnviroLogix, she served for 20 years at IDEXX Laboratories in Research & Development as both Technical and Team Leader.  She is also the sole proprietor of Good Science Bakery, a home-based entrepreneurial adventure providing baklava to local bakeries for resale.  Her educational background includes a BS in Chemistry from Simmons College and a PhD in Organic Chemistry from the University of Maine, Orono.

Meredith Mendelson of Camden serves as Deputy Commissioner for the Maine Department of Marine Resources, a position she has held since May 2012.  The agency has a broad mission that includes conservation of marine and estuarine resources, conducting research, and promotion and development of coastal fisheries and aquaculture.  In prior work, Meredith staffed Senator Olympia J. Snowe on the U.S. Senate Commerce Committee’s Subcommittee on Oceans, Atmosphere, Fisheries and Coast Guard, managed a groundfish sector, and worked for the Community Program at the Gulf of Maine Research Institute.  She is a graduate of Bates College and the University of Maine School of Law.

Rick, Stacey and Meredith replace three MTI Board members – – Steve Smith, Chris Davis and Linda Diou – – who served MTI with great distinction and dedication for a full two terms.  Each performed a fundamental and valuable role at MTI and had a meaningful impact on Maine’s innovation ecosystem. Their efforts helped enable Maine companies to develop and secure intellectual property, launch more competitive products and services, grow faster than average companies across the state, generate jobs, and purchase goods and services from other Maine companies.  I commend them for giving so generously of their time and expertise and for their many years of dedicated and beneficial service to the State of Maine and I welcome, with great anticipation, new members Rick, Stacey and Meredith to the MTI Board of Directors.

I hope you all had a wonderful Thanksgiving with your family and friends.