To bring scientific discoveries and inventions to the marketplace and guide the formation of startup companies, fostering economic development and creating jobs.
UM Ventures combines the entrepreneurial resources at UMB and UMCP to commercialize university-invented discoveries and launch successful university startups.
Since 2011, more than 116 startups have been created. In FY20, UM Ventures tallied 333 potential inventions from faculty with 48 licensed to companies, generating more than $4 million in licensing revenue to UMB and UMCP.
Faculty-invented products and services include agricultural products, software, clean technology, nanotechnology, sensors, medical devices, diagnostics, and therapeutics.
The initiative supports entrepreneurs with legal assistance, business expertise, and technical know-how.
FY 2011 to 2020
Read more: UM Ventures: Shepherding the Next Big IdeasUM Ventures
- Categories: Commercialization of University Inventions