Maryland Technology Enterprise Institute (Mtech)
2011 Impact
With a $27.8 billion economic impact since 1985, 555 Maryland companies served by Mtech's programs in the past year alone and 21 entrepreneurship courses offered to students at nearly all levels, the A. James Clark School of Engineering's Maryland Technology Enterprise Institute supports the State of Maryland's technology economy by educating the next generation of technology entrepreneurs, creating successful technology ventures, and connecting Maryland companies with university resources to help them succeed.
$27.8B |
Mtech’s total economic impact since 1985 |
|
7,053 |
Jobs created through Mtech's programs |
|
$3.6B |
TAP incubator company revenue generated, sales of companies, and investments and contracts acquired |
|
$23.8M |
|
|
$23.7B |
Revenue generated by the top-performing MIPS products |
|
$383M |
Manufacturing Assistance Program’s economic impact on Maryland manufacturers |
|
$35M |
Revenue generated by Hinman CEOs companies since 2000 |
|
865 |
Enrollments in Mtech’s entrepreneurship education courses during the 2010-2011 school year |
|
21 |
Entrepreneurship courses offered by Mtech during the 2010-2011 school year |
|
| $335,380 | Entrepreneurship scholarships supported by Mtech in 2011 |
|
555 |
Companies served by Mtech programs in 2011 |
|
| $205,000 | 2011 support for startups through Mtech's business plan competitions | |
24 |
Initiatives at other universities based upon the successful Hinman CEOs Program |
|
| 27 | Total companies in the Technology Advancement Program, TERP Startup Laboratory and VentureAccelerator in 2011 | |
| 3 | Blockbuster Technology Advancement Program incubator graduates, including two that sold for $1B+ and another that developed pervasive hybrid-electric drive technology | |
| 687 | Entrepreneurs have gained expert advice through Mtech's free, monthly, open entrepreneur office hours |
Read the 2011 Mtech Impact Report online.
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