$50,000 to Support New Venture Formation by University of Maryland Inventors

Mtech’s VentureAccelerator Program seeks applicants for the SAIC-VentureAccelerator Competition, which supports commercially promising research employing scientific, engineering, and technology solutions to solve problems of vital importance to the nation and the world in the areas of national security, energy and the environment, critical infrastructure, and health. Although projects in these broad areas are considered, particular interest is in:

  • Climate change, weather and oceanographic services
  • Information technology
  • Health and life sciences
  • Energy
  • Chem-bio defense
  • Modeling, simulation and training
  • Infrastructure
  • National and homeland security
  • Command, control, communications (C3)
  • Logistics and product support
  • Geospatial and earth sciences

Funding will be used for new venture formation through the VentureAccelerator Program. All faculty, researchers and students at the University of Maryland, College Park with commercially promising inventions are eligible to apply to the VentureAccelerator Program. Candidates for the grant competition will be selected from VentureAccelerator applications. Winners are expected to launch a new company, or support an existing company based upon University of Maryland technologies.

VentureAccelerator (www.mtech.umd.edu/va) is a selective program at the University of Maryland that systematically guides faculty and student technology entrepreneurs in starting companies based upon their inventions. Once admitted into the program, faculty or students receive hands-on assistance with a range of new business processes, including: sound business planning; understanding of markets or customers; proper alignment and timing of efforts; complete management teams; and access to capital financing sources.

To apply to the VentureAccelerator program and learn more about the SAIC-VentureAccelerator Competition call (301) 314-9770, or e-mail adawood@umd.edu. For more information about the program, please visit: www.mtech.umd.edu/va.

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