UM Ventures combines the entrepreneurial resources and offices at UMB and UMCP to commercialize university inventions and launch successful university startups. Faculty invented products and services include agricultural products, software, medical devices, sensors, and drugs. UM Ventures’ successes are adding jobs in Maryland: the number of new startups created quadrupled in the past five years, and doubled from fiscal year 2015 to 2016. In FY16 UM Ventures launched 20 startups based on University of Maryland Strategic Partnership-related intellectual property, up from just five in 2011. One new startup is based on a joint UMCP/UMB invented small molecule drug candidate to treat parasitic infections in the developing world. As more products reach the market, UM Ventures is generating funding to reward entrepreneurial faculty and to reinvest in research and innovation at UMB and UMCP.
FY 2011 to 2016
IMPACT: UM Ventures brings scientific discoveries and inventions to the marketplace and guides the formation of startup companies, fostering economic development and creating jobs.
Read more: UM Ventures: Shepherding the Next Big IdeaUM Ventures
- Categories: Commercialization of University Inventions