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Mtech's MIPS Program Awards 16 Tech Product Development Projects Worth $3.3M Teaming Companies, Faculty
The Maryland Industrial Partnerships Program (MIPS), an initiative of the Maryland Technology Enterprise Institute (Mtech) at the University of Maryland, has awarded $3.3 million to 16 teams of Maryland companies and faculty developing commercially promising technology products, program officials announce today.
All funding goes to the faculty members conducting the research and development on company products.
"Programs such as MIPS are critical to our 21st-century technology economy in Maryland," says Governor Martin O'Malley. "Blockbuster companies in Maryland like MedImmune, Martek, and Hughes Network Systems have leveraged MIPS to create thousands of jobs in the region, generate $19.5 billion in revenue and develop products that enhance, protect and save lives."
Projects for this round of funding include floating wetlands to clean the Chesapeake Bay, bolts that change color as they are tightened, faster Internet-via-satellite upstream, wireless sensors for monitoring home energy use, bioremediation for restaurant oil, and a backup mass-emergency electrical system. Treatments, vaccines or tests for anthrax, malaria, influenza, staph infections and infertility are also included.
Worth $3.3 million, the projects combine $1.9 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.
Nine company partners are in Montgomery County; four are in the Baltimore area, one is in Howard County, one is in Frederick and one is in Frostburg.
Projects awarded include:
Funding from the Maryland Biotechnology Center supported projects with Cellex and Integrated BioTherapeutics. The Maryland Department of Natural Resources provided funding support for the project with BlueWing.
This is the 46th round of MIPS funding. The program has supported research projects with more than 450 different Maryland companies since 1987.
University System of Maryland institutions participating, along with the number of projects, include: University of Maryland, College Park (7); University of Maryland, Baltimore (8); Frostburg State University (1).
Projects are subject to final contract negotiations.
August 12, 2010