The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by jointly funding collaborative R&D projects between companies and University System of Maryland faculty.
MIPS provides funding, matched by participating companies, for university-based research projects that help companies develop new products. MIPS projects help companies find solutions to technical challenges, as well as develop products, processes or training materials. MIPS projects are conducted by university faculty and graduate students in conjunction with company researchers.
With more than 400 Maryland companies participating in project awards since 1987, worth over $180 million—MIPS projects create results. MIPS-supported products have generated more than $25.2 billion in sales, added jobs to the region, and infused state-of-the-art technology into the global marketplace.
MIPS Pays for its Lifetime of Funding in One Year
The economic impacts associated with MIPS-supported technology generated an estimated $87.3 million in state tax revenues in the year 2011 alone. These estimated one-year 2011 state tax revenues significantly exceed the $37 million lifetime costs of the MIPS program. An estimated $70.6 million in local government revenues was also generated by MIPS supported technologies in 2011.
Benefits to Maryland Companies:
Benefits to Maryland Faculty:
Joseph Naft is named director of the Maryland Industrial Partnerships Program. More»
Read highlights from the 2012 MIPS economic impact report cited above
Apply Now for MIPS Research Funding
The next MIPS proposal deadline is May 1, 2014.
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