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 offerings.

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.

Full supporting materials for the meeting can be found here.

Contact: Mike Lurie
Phone: 301.445.2719