USM Board of Regents to Hold Special Meeting June 24: Proposal to Establish Corporation to Pursue Commercialization Opportunities
Adelphi, Md. (June 23, 2016) -- As
announced earlier today, the University System of Maryland (USM) Board of
Regents will hold a special meeting at 3 p.m. Friday, June 24. Public access to
the meeting will be at the Chancellor's Conference Room in the Elkins Building
at the USM headquarters, 3300 Metzerott Road, Adelphi, MD.
The meeting concerns a
proposal by the University of Maryland University College (UMUC) to pursue commercialization
opportunities through a tax-exempt corporation created to acquire, operate and
grow, and eventually sell ownership or equity interests in product and services
The Board of Regents' approval would enable UMUC to:
1. Invest monies, an ownership
interest in a previously authorized venture, and transfer the rights to a
business process to a recently organized corporation; and
2. Approve the involvement of a
current UMUC vice president as an employee and director with the new UMUC corporation.
supporting materials for the meeting can be found here.
Contact: Mike Lurie