CMAV Representative Programs
Baltimore Fund
The Baltimore Fund encourages university-created or sponsored technology companies to locate and expand in Baltimore City. Since the fund’s creation, awards have supported companies from seven Maryland public higher education institutions. In FY23, the Baltimore Fund disbursed 12 grants with 9 new awards, including 5 directly to start up companies. UMCP’s I-CORPS program, brought to Baltimore City in FY22 to support and train entrepreneurs as they develop their research or technology-based business ideas, grew to 49 participants.
CMAV initiatives also mentor UMB and UMCP students on the unique challenges of commercialization in the life sciences industry, providing creative, collaborative support and funding to entrepreneurs. Since 2017, 68 entities have benefited from Baltimore Fund grants and investments, and more than 700+ jobs have been created or retained in Baltimore City.
To learn more.
The Maryland Momentum Fund (MMF)
The Maryland Momentum Fund (MMF), is a University System of Maryland (USM) $16 million early-stage investment fund that invests in Maryland-based, USM-affiliated startup companies, helping them bridge from early success to next stage of growth, often a large investment round, commercial launch, or commercial expansion. The full-time managing director is based at UMB and funded by CMAV, which also provides additional support and operational expenses for the fund. Since 2017, MMF has invested $11.7 million in 27 companies, representing 8 USM institutions; matched $125 million from more than 230+ unique co-investors, and created 170+ new jobs.
To learn more.
Fiscal Year 2023 Report
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