UMD Program Awards $3.8 Million to 17 University, Maryland Company Teams to Develop Technology Products
Tuesday, July 16, 2013
The Maryland Industrial Partnerships (MIPS) program, an initiative of the Maryland Technology Enterprise Institute (Mtech) in the A. James Clark School of Engineering at the University of Maryland, has awarded $3.8 million to 17 teams combining Maryland companies with university researchers to bring technology products closer to market, program officials announce today.
MIPS, a technology acceleration program, grants money matched with company funds to faculty engaged in each project.
MIPS funds have spurred successful commercial products such as Martek Biosciences' nutritional oils, Hughes Communications' HughesNet(TM), MedImmune's Synagis(R), Black & Decker's Bullet(R) Speed Tip Masonry Drill Bit, WellDoc's mobile diabetes management platform, and CSA Medical's diseased-tissue ablation platform.