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Mtech's Maryland Industrial Partnerships Program Announces 17 Collaborative Research Projects
The Maryland Technology Enterprise Institute's (Mtech) Maryland Industrial Partnerships Program (MIPS), a University of Maryland initiative, today announces 17 high-tech research projects between Maryland companies and university faculty to develop commercial products.
Almost half (seven) of the projects are energy-related, from new wind turbines to energy-scavenging batteries to green roof materials and wireless energy monitoring systems. Five are biotechnology projects, including therapeutics for malaria, West Nile Virus, hepatitis C, human immunodeficiency virus, cancer, and staph infections.
Worth $3.7 million, the projects combine $2.3 million from participating companies and $1.4 million from MIPS. Funding supports research in the laboratories of participating university faculty, who work closely with partner companies to advance their products. All funding goes to the project faculty and often supports the work of graduate students.
Seven University System of Maryland institutions are participating:
There are four project companies in Baltimore or Baltimore County, six in Montgomery County, three in western Maryland, one on the Eastern Shore and one each in Cecil, Prince George's and Howard County. Company partners include 11 start-ups, five small companies and one large companyProjects approved include:
This is the 44th round of MIPS funding. The program has supported research projects with more than 400 different Maryland companies since 1987.
Projects are subject to final contract negotiations.
Commercial products benefiting from MIPS projects have generated more than $16.9 billion in revenue, added jobs to the region, and contributed to successes such as Martek Biosciences’ nutritional oils, Hughes Network Systems' HughesNet, MedImmune Inc.'s Synagis, and Black & Decker's Bullet Speed Tip Masonry Drill Bit.
* Denotes this is the second of a two-phase project. All other projects are new.
July 22, 2009