Entrepreneurial Spirit: UMB Startups Receive Support from Maryland Momentum Fund
Monday, December 7, 2020
The University of Maryland, Baltimore (UMB) strives to support the entrepreneurial talents of its students, faculty, staff, and alumni as it works to improve the human condition and serve the public good.
To this end, the University System of Maryland (USM) continues to aid entrepreneurs at UMB and throughout the state with the $10 million Maryland Momentum Fund (MMF).
Established in 2016, the sector-agnostic fund invests in the most promising USM-affiliated technologies and people, helping bridge the funding gap for early-stage companies.
“The UMB community, including its alumni, are incredibly entrepreneurial,” said Claire Broido Johnson, managing director of MMF. “Momentum Fund investment is designed to give startups a boost in the early stages, when funding is needed but often difficult to obtain.”
Read the full story from CATALYST Magazine, a publication of University of Maryland, Baltimore.