Economic Development and Technology Commercialization Resources
USM Institutions have numerous programs and resources to accelerate technology transfer, foster entrepreneurism, and nurture new company formation. This website highlights key resources at all USM institutions.
USM Economic Development and Technology Commercialization Highlights | UM Ventures |
USM New Company Formation |
The USM attracts close to $1.28 billion in extramural funding annually, of which almost 66% comes from federal sources and approximately 10% from industrial sponsors. Collectively, the USM is ranked 11th in total sponsored research funding in the country and is ranked 9th in funding from industrial sources. IP-based start-ups grew significantly from 6 start-ups in FY 2011 to 12 start-ups in FY 2015. Additionally, the number of USM invention disclosures, which is a leading indicator in the commercialization process, increased by 36% to 384 invention disclosures in FY 2014.
With 200 tenants, USM research parks are home to 5,950 jobs and $1.125 billion in capital investments
85% increase in new patents filed (230 in 2014) compared to 2011 |
384 disclosures in 2014 compared to 282 in 2013 |
$1.28 billion in total research contracts and grants - USM is ranked11th in the US |
331 joint research proposals since FY 2012. Over 60 joint awards |
451 new companies facilitated since 2011 against the 2020 strategic plan goal of 325 |
USM institutions have facilitated the creation of 388 companies since July 2011
Funding Resources | |
Comprehensive Institutions (All Non-Research USM Institutions) |
Research Institutions (UMB, UMBC, and UMCP) |
Refer to Federal/State Entrepreneurship Programs Below Business Plan Competitions Towson University TU Incubator Business Plan Competition Salisbury University Bernstein Competition University of Baltimore Venture Pitch Series |
USM Investment Program Chesapeake Bay Seed Capital Fund Impact Seed Fund Hinman CEOs Alumni Fund Dingman Center Angels Seed Stage Funding: Smith E-Fund Business Plan Competitions Entrepreneurship Invitational (Cupid's Cup and B&T Business Invitational) Pitch Dingman Competition China Business Plan Competition $100K Clean Energy Challenge |
Research Parks/Business Incubators | |
Comprehensive Institutions (All Non-Research USM Institutions) |
Research Institutions (UMB, UMBC, and UMCP) |
Allegany Business Center at Frostburg State University University of Maryland Extension (University of Maryland Eastern Shore (UMES)) TU Incubator (Towson University) Bowie Business Innovation Center (Bowie State University) |
M Square (UMCP) BioPark (UMB) bwtech@UMBC Maryland Technology Enterprise Institute - Mtech (UMCP) |
Federal/State Entrepreneurship Programs | |
RISE Zones Initiative E-nnovation Initiative I-Corps Funding Programs Invest Maryland Maryland Innovation Initiative Small Business Development Centers (SBDCs) Eastern Region - Salisbury University Corridor Region UMB -- UM Ventures UMCP Headquarters Bowie State University Western Region - Frostburg State University |
For further information regarding the contents of this page, please contact Tom Sadowski at tsadowski@usmd.edu or Suresh Balakrishnan at
suresh@usmd.edu or
(301) 445-2783.