With a $13 billion economic impact since 1984, 5,300 job creation impact, and 212 Maryland companies engaged in 2006 alone, the A. James Clark School of Engineering's Maryland Technology Enterprise Institute supports the State's technology economy by bringing University innovation to Maryland companies, creating new ventures, and educating entrepreneurial technologists.

MTECH Cumulative Quantitative Impact

MTECH Ventures

TAP: $750.5 million—venture investment; federal, state, and MIPS awards; public stock offerings; and private sales of TAP companies. (1984-present)

Hinman CEOs: $3.2 million in revenue for companies founded by current and recently graduated Hinman CEOs students. (2006)

MTECH Partnerships

MIPS: $12.1 billion—sales and revenue for the four top-selling commercial products that MIPS-related research has contributed to, as well as both MIPS and company matching funding. (1987 – present)

MTES: $115.6 million—increase and retained sales, costs saved, investments saved, unnecessary investments avoided, increased investment, and plants or equipment. (January 2000 through June 2006)

ASPIRE: $378,130—funding for joint research projects between faculty and undergraduate students. (1998-present)

TOTAL: $12.96 billion direct quantitative economic impact on the State of Maryland (1984-2007)

MTECH Job Creation (1984-2006)

TAP: 1,900—since 1984.

MTES: 816—created or retained from 2000 – 2006.

MIPS: 2,645—projected by 39 companies engaged in the last two MIPS rounds of research projects to develop commercial products.

Total job creation impact: 5,361

2006 MTECH Maryland Company Outreach

MIPS: 39—companies engaged in research projects with university faculty to develop commercial products through two rounds of funding in 2006.

MTES: 142—expert assistance and ISO participants.

TAP: 8—average current TAP companies for 2006.

VentureAccelerator: 3—two companies graduated in 2006, one new company joined.

Biotech Industry Program: 20—companies and laboratories served through fermentations, training, tours, and on-site assistance.

Total: 212 Maryland companies engaged by MTECH programs in 2006

Key Data Charts

MIPS Impact Data

* Total reported sales of Synagis since 1998
** Total revenue for Martek from 1993-2006, dominated by infant formula additive sales
*** Total available reported Network Systems revenue of the DirecTV Group since 2001, dominated by DIRECWAY sales, plus revenue reported for Hughes Communications so far in 2006. 2005 data is not available, as the company was being acquired.
**** Total Power Tools and Accessories Sales was $21.9 billion from 2001-2005. The company does not provide sales figures for individual products.

How MIPS Funding is Leveraged (1987-2006)

Total MIPS Economic Impact (not including job creation)

2006 MIPS Job Creation

• In 2006, MIPS supported 25 university-based jobs and 16 company-based jobs to conduct the projects.

• Average salary of industry personnel supporting MIPS projects: $102,409 (data from 2006 projects)

• Future new job projections for 2006 participating companies are 2,645

• MIPS Budget of $1.85 M projected to create a proposed 2,645 new jobs

• MIPS $ expended/job created 1.85M/2,645 = $699

• Economic development agencies’ accepted incentive-based job creation average is $10,000/job

• Future sales projections for commercial products created by 2006-funded projects are $4.89 billion

2006 MIPS Funding Increase

The Maryland Industrial Partnerships (MIPS) program received a $1 million funding increase in 2006 from the state of Maryland. The increase almost doubles the program’s $1.35 million operating budget. MIPS supports an average of 32 projects yearly; the increase will enable up to 22 additional projects each year.

TAP Impact Data (1984-2006)

TAP portfolio companies have raised $20 million in financing since 2004.

Jobs created by TAP companies since 1987: 1,900

Two TAP graduates, Martek Biosciences (NASDAQ: MATK), and Digene Corporation (NASDAQ: DIGE), have a combined market capitalization of $1.5 billion.

MTES Impact Data

The following table shows MTES’ six-year economic impact on Maryland manufacturers. The data is based upon surveys of MTES clients from January 2000 through June 2006 by the National Institute of Standards and Technology Manufacturing Extension Partnership.