Maryland Industrial Partnerships (MIPS) promotes the development and commercialization of products and processes through industry/university research partnerships. MIPS provides matching funds to help Maryland companies pay for the university research. Projects are initiated by the companies to meet their own research and development goals.
Through MIPS, Maryland firms have the opportunity to leverage their research and development funds and gain access to the creative talents and extensive research base of the University System of Maryland. MIPS matching funds are awarded on a competitive basis for projects based on proposals submitted jointly by Maryland companies and researchers from any of the 13 University System institutions.
Amount of Awards
The maximum MIPS award for any single project is $100,000 per year for large and small companies and $90,000 for start-up firms. (See definitions of business size)
Basic Concept and Purpose
TYPES OF PROJECTS
BENEFITS OF THE MIPS PROGRAM
The potential benefits of MIPS projects to the state, to its companies, and to the university are many.
Benefits to Maryland businesses:
- cost-effective research through university partnering;
- access to world-class research and development facilities and expertise;
- companies can select research capabilities to meet specific requirements;
- easier access and more efficient transfer of technology from university to industry;
- student participants are potential future employees;
- makes companies more competitive, domestically and internationally.
Benefits to the State of Maryland:
- self-funding economic development program
- helps create and retain jobs;
- helps to diversify and strengthen the state’s economy;
- helps to improve the state's business climate and to enhance its reputation;
- makes a more attractive environment to firms considering relocation to Maryland.
Benefits to University System of Maryland:
- provides faculty with the opportunity to perform commercially relevant research leading to new products and processes;
- helps to improve university research facilities;
- improves university academic programs to meet industry needs;
- students gain experience in industrial environments.
Read highlights from the 2012 MIPS economic impact report cited above
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