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UM Ventures

Resources, Funding and Expertise

The UM Venture team partners with entrepreneurs to build leading technology companies. With company founders facing challenges such as business planning, staffing, launching, and financing, we provide expert mentoring backed by years of entrepreneurial and venture capital experience, as well as extensive services and resources to help turn great ideas into scalable enterprises.

New Funding Programs for Early-Stage Development Projects

  • Maryland Innovation Initiative
    A $5 million grant program to commercialize technologies developed at Maryland’s research universities.
  • Invest Maryland
    An $84 million State of Maryland venture capital program that is investing $56 million in established venture capital companies; $21 million directly in Maryland-based technology companies, particularly University-based start-up companies; and $7 million to expand business ownership by socially or economically disadvantaged entrepreneurs.

Resources for New Ventures and Start Ups

  • Entrepreneur Office Hours
    Free, Open Office Hours for UM Students, Faculty, Staff, and Regional Entrepreneurs with Tech-Based Startups or Ideas.
    Mtech hosts free office hours each month to help aspiring and current entrepreneurs with tech-based startups or ideas get advice on how to:
        • build and finance a startup company
        • develop and protect intellectual property
        • navigate the technology transfer process
        • refine business strategy for rapid growth
        • tap into other entrepreneurial resources
  • University of Maryland Technology Startup Boot Camp
    Annual Intensive, One-Day Workshop and Networking Event on How to Launch Tech Ventures.
    One of the region's premier annual entrepreneurship events, the University of Maryland Technology Startup Boot Camp brings together about 500 faculty, students, researchers, CEOs, founders, investors, tech transfer managers, federal lab scientists, and other experts. Headlined by many of the region's entrepreneurial leaders, the Boot Camp offers both aspiring and seasoned entrepreneurs inspiration, knowledge, insight, and connections that will help them successfully launch and grow their technology ideas and startups.
  • University of Maryland $75K Business Plan Competition
    Annual Competition for Faculty, Students and Recent Alumni to Vet New Tech Venture Ideas
    . The UM $75K Business Plan Competition promotes the commercialization of innovative ideas and University-created technologies by offering faculty, students, and alumni cash prizes for the best new venture plans. The competition emphasizes learning by offering personal coaching for finalists, as well as the experience of presenting ideas to an experienced panel of investors and judges.
  • TERP Startup Lab
    Tech Entrepreneur Research and Prototyping Laboratory.
  • VentureAccelerator Program
    Intense, Hands-On Venture Creation Assistance for Faculty and Students. VentureAccelerator helps University of Maryland inventors get their research out of the laboratory and into the commercial sector by helping them create successful companies. VentureAccelerator's experienced team of business professionals works with university entrepreneurs so they continue to fulfill their academic responsibilities while furthering the development of their companies. VA staff speed the process of venture creation by systematically guiding and coaching inventors through business processes such as:
        • Sound Business Planning
        • Understanding Customers & Markets
        • Setting Goals & Priorities
        • Acquiring Skills & Recruiting Talent
        • Raising Capital
  • Technology Advancement Program
    Technology Venture Incubator
    . Services include business advice and support, market intelligence, introductions and access to funding. TAP offers furnished offices, flexible lab space, faculty expertise, a talented student pool, and resources afforded by a top research university.
  • Funding
       • www.mtech.umd.edu/
       • www.mtech.umd.edu/resources/

Research

Consulting

Maryland Small Business Technology Development Centers:

Since 1988, the seasoned staff of the Maryland Small Business Development Center (MDSBDC) Network has provided sound advice, counseling and support to entrepreneurs and small to mid-size businesses across the state. The Network, a partnership between the U.S. Small Business Administration and the University of Maryland College Park, links private enterprise, government, higher education and local economic development organizations to provide management, training and technical assistance to Maryland’s small businesses.

  • Maryland Intellectual Property Legal Resource Center
    Free legal services to Maryland entrpeneurs including patent applications, license agreements, company formation.
    Partnership with University of Maryland Law School, College Park and Baltimore locations.
  • Biotech Program
    Bio-manufacturing consulting, bioprocessing workforce training and extensive bio facilities for Maryland biotechnology companies
  • VentureAccelerator
    Comprehensive consulting infrastructure for University-based technology entrepreneurs and companies
  • Dingman Center for Entrepreneurship
    Mentor services for new and emerging growth companies in the region

Mentoring

  • VentureAccelerator
    Consulting infrastructure for University-based technology entrepreneurs; utilizes both internal and external resources, including mentors
  • Hinman CEOs Program
    Living-learning undergraduate entrepreneurship program; helps students start companies; averages 100 students and 30 new companies at any point in time; utilizes internal and external mentors to help students.

Entrepreneurship

  • Technology Advancement Program
    State-of-the-art business incubator for technology-based early stage companies
  • VentureAccelerator
    Consulting infrastructure for University-based technology entrepreneurs; utilizes both internal and external resources, including mentors
  • Hinman CEOs Program
    Living-learning undergraduate entrepreneurship program
  • Dingman Center for Entrepreneurship
    Mentor services for new and emerging growth companies in the region.
    The Dingman Center for Entrepreneurship is a top-tier entrepreneurial institute recognized around the world as a leader in enterprise creation. The Dingman Center is continuously pushing the boundaries of teaching and learning with its focus on practical entrepreneurship, global innovation and international classroom experiences. The Center promotes opportunities that provide maximum resources to start-up businesses in terms of ideation, execution and financing; and that support its mission to take entrepreneurs “from the back of a napkin to the first $1 million in financing.”

State and Other Resources

  • Maryland Department of Business and Economic Development
    Information on Maryland's outstanding business climate and the programs available to businesses, both small and large, to ensure their success. Included on the Web site is information on financing, workforce training, exporting and trade and small and minority business assistance.
  • Greater Baltimore Technology Council
    The Greater Baltimore Technology Council is devoted to one goal: growing the region's tech community. The GBTC asks tech companies what they need to grow and provides it through innovative programs. The GBTC creates forums where organizations can meet, learn and do business. And the GBTC celebrates the community's successes, spreading the word that technology businesses thrive here.
  • Technology Council of Maryland
    Association of technology firms, federal laboratories, education institutions and business support firms that collectively form Maryland's technology community.
  • MdBio, Inc.
    Private, non-profit corporation offering a variety of programs to advance the commercial development of bioscience in Maryland.
  • U.S. Small Business Administration (SBA)
    SBA provides financial, technical, and management assistance to U.S citizens who want to establish or grow a business.

Angel Investment

  • Dingman Center Angels
    The Dingman Center Angels connects regional start-up companies seeking seed and early-stage funding with angel investors. You should apply when:
        • Your product is developed or near completion
        • You have existing or potential customers who will confirm they will buy from you
        • You can demonstrate that the business is likely to grow rapidly, is scalable and has sufficient untapped market potential
        • Well defined sales/marketing strategy with defendable market differentiation
        • Compelling business model to reach at least $15 million in revenue in the next 3-7 years

Technical Support and Business Advisory Services

  • SBDC:
    The Maryland Small Business and Technology Development Center (SBTDC) Network has provided sound advice, counseling and support to entrepreneurs and small to mid-size businesses across the state. The Network, a partnership between the U.S. Small Business Administration and the University of Maryland College Park, links private enterprise, government, higher education and local economic development organizations to provide management, training and technical assistance to Maryland’s small businesses. As part of a national SBTDC Network, the SBTDC has rapid access to a number of information resources to deliver assistance that strengthens businesses, thereby contributing to the growth of local, state and national economies.

    The network has 6 regional offices, and more than 20 statewide locations where services are delivered. In late 2013, the SBTDC moved its headquarters temporarily to UM Baltimore at 620 West Lexington Street in Baltimore, officially joining the umbrella of UM Ventures.

    The SBDC's Technology Support Center provides specialized services to researchers, entrepreneurs and firms by assisting them to identify, develop, and commercialize their technologies. This includes individuals and firms engaged in engineering, biosciences, information technology, agriculture, and similar high tech areas whether it involves research and development or the innovation of existing technology to be applied in new ways.

Counseling

  • One-on-one counseling (at no cost to the client) is available to science and engineering oriented companies engaged in research and development, technology transfer, technology licensing and development as well as companies seeking to pursue SBIR/STTR or other government contracts.

Training

“Going from Mind to Market” targeted to start-up and very early stage companies. It provides information of the stages, the requirement and challenges these companies must undertake. It then provides information, tools and follow-up support to such companies.
Other training workshops/conferences include:

  • Commercialization strategies
  • business planning for technology entrepreneurs
  • intellectual property protection and strategies
  • program and project management skills development
  • cost and pricing proposal preparation
  • preparing SBIR proposals

Support Services

  • SBIR Support
        • Program overview and suitability counseling
        • software tools to ensure compliance and competitiveness
        • counseling in proposal outlining and preparation
        • proposal review and analysis for compliance and competitiveness
        • post Phase I follow-up and Phase II preparation support
        • links to SBIR/STTR agencies resources and schedules
  • Technology Transfer & Licensing
    Assist clients with:
        • Product and market feasibility studies/investigation
        • identifying and obtaining suitable technology for transfer or license
        • strategies for integrating and/or commercializing transferred or licensed technology
        • business planning to support commercialization
  • Intellectual Property Protection Support
        • Patent & Trade Mark overview and filing guidance
        • initial IP counseling by industry attorneys
        • legal assistance, including entity/organization form
        • preliminary IP search and guidance legal referrals
  • Commercialization/Planning
    Assist clients in:
        • Developing commercialization plans
        • identifying manufacturing resources
        • identification of beta test sites preparing
        • reviewing and analyzing business plans
        • identifying facilities for company location
        • developing business models including pricing that supports commercialization
        • strategic planning sessions with client management teams, review and analysis of financial plans
  • Alternative Financial Sources
    Assist clients with:
        • Identifying alternate funding sources
        • Preparing Angel or Venture-Capital Pitch/Presentations
        • General education on Angel/VC financing
        • Service provider referrals (finance, legal, accounting, etc)
        • Coaching on elevator speech development
        • Angel and venture capital referrals
        • Funding proposals and executive summary presentations
          Assist clients with:
             • Market information for various industries
             • Research for market demand & competitive information Developing pricing models for new technology products and services

If your technology could benefit from additional research funding before being spun off, Maryland Technology Development Corporation’s (TEDCO’s) University Technology Development Fund (UTDF) provides up to $50,000 for pre-commercial research on university intellectual property.

Once a new start-up has been formed, Maryland has a number of financing programs and resources available to Maryland-based companies, such as:

  • Maryland Technology Transfer Fund (MTTF)
  • Maryland Venture Fund (MVF)
  • The Maryland Innovation Initiative (MII) was created as a partnership between the State of Maryland and five Maryland academic research institutions. The program is designed to promote commercialization of research conducted in the partnership universities and leverage each institution’s strengths.

Find collaborators
This powerful collaboration tool can be used to identify collaborators and their associated works by searching robust, up-to-date research profiles of the University's research faculty. Build collaborative teams and productive research relationships browsing researchers by department, by name, or by topic.

 

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