Office of Economic Development

About Our Office

The USM Office of Economic Development was founded in 2016 to promote entrepreneurship and partnerships among USM institutions and private and public sector organizations toward the ultimate goal of economic development. We leverage our economic and venture development experience to tackle important issues collaboratively with our stakeholders and ecosystem partners. We report to the USM Board of Regents Committee on Economic Development and Technology Commercialization. See the latest materials presented to that group to learn more about our current activities.

University System of Maryland (USM): Your Partner

We at the USM Office of Economic Development, in partnership with our colleagues across 12 institutions and 3 higher education centers:

Interested in connecting? You can Contact an Economic Development Partner or Get Help Navigating Partnership Opportunities within the USM.

Resources for Starting Up, Technology Commercialization, and Economic Development

We have an array of resources across the USM through which we assist startup companies and foster economic development:

  • CULTURE - USM institutions support startups through programs like I-Corps, mentoring at innovation centers and via business plan competitions, and networking events like Anchor Ventures.
  • CAPITAL - The USM Office of Economic Development provides capital to early stage companies via the USM Momentum Fund. USM institutions host a variety of competitions such as the Shore Hatchery that provide grant prizes, and they partner with TEDCO to provide proof of concept and market assessment funding to university-based innovators and startups via the Maryland Innovation Initiative.
  • TALENT In addition to developing startup founders, our institutions provide technical assistance for startups through core facilities, provide access to talented research faculty and graduate students through the Maryland Industrial Partnerships (MIPS) program, and provide access to and partially subsidize internships via the Maryland Technical Internship Program (MTIP).
  • PLACE Our institutions support incubators and research parks; we partner with others such as the Department of Commerce to provide place-based investment and tax incentives like RISE Zones and Opportunity Zones.

Recent News

About Our Team

Tom Sadowski - USM Vice Chancellor for Economic Development Headshot

Tom Sadowski
Vice Chancellor for Economic Development

Tom brings nearly 30 years of experience in economic development to the USM. His work has focused on growing and attracting companies, talent recruitment, workforce development, public/private partnerships and creating programs supporting innovation, tech commercialization and entrepreneurship. His work spans all industry sectors. His career projects exceed $10 billion in value and 50,000 jobs; these include the addition of more than 6,500 employees and more than $1 billion in new construction to the Aberdeen Proving Ground Army base as part of the 2005 Base Closure and Realignment (BRAC) and numerous headquarters, R&D lab and industrial projects for major public and private sector clients. Tom is active on many boards related to business, economic development, public policy, science, health, technology and education, including the Maryland Chamber of Commerce and Junior Achievement of Central Maryland.

Lindsay D\

Lindsay D’Ambrosio
Venture Development Director
410.409.2236 (cell)

Lindsay came to the USM after establishing and running a USM-affiliated incubator. She is passionate about helping entrepreneurs and entrepreneurial researchers. Her work spans all industry sectors. She started her career at the National Science Foundation in the Division of Industrial Innovation and Partnerships, home to innovation and startup grant funding programs such as the Small Business Innovation Research and I-CorpsTM programs. Lindsay is the President of the Capital Region chapter of the non-profit Women In Bio.

Featured USM Partnership

Partnering with MITRE on AI

Partnering with MITRE on AI

Featured USM Startup

NAWEC jet engine technology

Momentum Fund portfolio company NAWEC's new jet engine technology

USM: Fueling Maryland’s Economic Engine


Graduates annually


Alumni in Maryland




Jobs at USM research parks


Companies Joining USM incubators
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Startups based on USM intellectual property


Research activity


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Technology licenses and options