Starting a Company
Startup Advisory Services
If your technology is marketable as a startup, the UM Ventures program has a team to help support that effort. At UMB, the New Ventures Group and at UMCP, contact the Startup Support. UM Ventures will work with you to get a sense of your technology's ultimate commercial potential by identifying your invention's:
- Stage of development
- Applicable market(s)
- Path to market
- IP position
- Competition in the field
If your technology is marketable as a startup venture, the UM Ventures Entrepreneurs in Residence Program is available to provide expertise.
UM Ventures is positioned to identify opportunities that could result in startup companies and provide a variety of services to encourage and launch that potential. This includes offering entrepreneurs access to Entrepreneurs-in-Residence—seasoned business executives with relevant domain expertise who guide the development of go-to-market strategies and business plans, form management teams, identify and help secure funding for ripe ventures.
The EIR provides feedback on technology, business planning and access to capital for inventors.
The EIRs help to advance early-stage technology transfer opportunities and expand and accelerate new business ventures. EIRs leverage their own personal networks, where appropriate, to benefit commercialization projects. They are experienced and knowledgeable about the technology commercialization process, have management level experience with early stage companies, and experience raising capital (e.g. angel, venture, grants).
- Reviewing business plans
- Assisting with funding proposals
- Developing market strategies
- Finding talent for new ventures
The VentureAccelerator program helps University of Maryland inventors get their research out of the starting blocks and racing down the track toward successful venture creation. Our experienced team of business professionals enables you to maintain your academic responsibilities as faculty, research staff, or student, while also furthering the development of your startup. We speed the process of venture creation by systematically guiding and coaching inventors through new business processes such as:
- Sound Business Planning
- Understanding Customers & Markets
- Setting Goals & Priorities
- Acquiring Skills & Recruiting Talent
- Raising Capital
See more at the VentureAccelerator website.