16 Technology Product Development Grants, Worth $3.7M, Approved by Mtech Maryland Industrial Partnerships Program
The Maryland Industrial Partnerships Program (MIPS)--an initiative of the Maryland Technology Enterprise Institute (Mtech) at the University of Maryland--is authorizing 16 new high-technology and biotechnology product development grants worth $3.7 million.
MIPS fosters technology innovation and creates jobs in Maryland by funding commercially promising product development projects that partner Maryland companies with University System of Maryland researchers. Both companies and MIPS contribute money, which all supports the work of faculty and graduate students.
The projects combine $2.4 million from participating companies and $1.3 million from MIPS. Funding from the Maryland Department of Natural Resources, Environmental Protection Agency and the Maryland Biotechnology Center supported select MIPS projects.
"As Maryland transitions into the new economy, programs like MIPS are proof that by investing in innovation, we can move forward by creating high-tech jobs," said Governor Martin O'Malley. "Together, we can continue to make the choices that spur innovation, choices that promote education and achievement, and choices that advance the creative capacity of our people."
New technologies approved for funding include: a new, biofuel-producing scrubber to remove CO2 from smokestacks, biofouling screen systems that remove harmful nutrients and sediment from the Chesapeake Bay, a variable-torque wind turbine with a speed converter, pest-resistant soybeans, ultra-thin rechargeable batteries, a system that speeds Internet-via satellite communications and more.
Five are in the Baltimore area, four are in College Park, two are in western Maryland, two are in Frederick, one is in Silver Spring, one is in Dayton, and one is on the lower Eastern Shore.
Companies and faculty for each project include:
This is the 47th round of MIPS funding. The program has supported research projects with more than 450 different Maryland companies since 1987.
Ten of the projects will take place at the University of Maryland, College Park, while one will occur at each of the following institutions: Frostburg State University, Towson University, the University of Maryland, Baltimore, University of Maryland, Baltimore County, University of Maryland Center for Environmental Science, and the University of Maryland, Eastern Shore.
February 17, 2011