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MIPS Presentation for 2010 TU Showcase

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On 4/14/10 at the 2010 TU Showcase Dr. Martha Connolly, Director, Maryland Industrial Partnerships, highlighted programs and funding available for University-Industry collaborations

On 4/14/10 at the 2010 TU Showcase Dr. Martha Connolly, Director, Maryland Industrial Partnerships, highlighted programs and funding available for University-Industry collaborations

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  • 1. April 14, 2010
    TOWSON UNIVERSITY SHOWCASE
    Maryland Industrial PartnershipsMIPS
    Martha J. Connolly
  • 2. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland
    MIPS: What is it?
    The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by providing matching funds for collaborative R&D projects between companies and University of Maryland faculty.
  • 3. Maryland Industrial Partnerships
    Current state annual funding for MIPS is $1.55 M
    Faculty and students gain funding to engage in commercially-relevant R&D
    Companies leverage their R&D funding and gain access to faculty expertise, and U-Md facilities
    Disciplines: Engineering, and computer, physical, life sciences and environmental sciences
    Proposals are evaluated two ways:
    Scientific/technical evaluation
    Business/economic review
  • 4. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland
    Key Points about MIPS
    MIPS projects are conducted by university faculty in conjunction with company researchers
    Proposals are evaluated on technical merit and economic development potential
    Projects are jointly funded by MIPS and companies
    All funding goes towards university project costs
    MIPS is win-win-win:
    • Companies leverage their R&D funding and gain access to faculty expertise
    • 5. Faculty and students gain funding to engage in commercially-relevant research
    • 6. Accelerates research results into products
  • Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland
    Minimum Company Match
    Large Company Small Company Start-Up Company*
    >100 12 to 100 Up to 12
    50%
    50%
    MIPS offers up to $100K/year in matching funds for projects for up to two years. With minimum company contributions, total project value can be:
    $220K for startups
    $310K for small companies
    $400K for large companies
    Company Share
    MIPS Share
    * Plus other requirements
  • 7. HughesNet (internet via satellite)Hughes Network Systems, Germantown, MD
    HughesNet is the world's leading broadband by satellite service.
    $7.4 B in sales to customers in 85 countries.
    System based on design by Dr. John Baras, Professor of Electrical and Computer Engineering at UM College Park, who worked out protocols for how Internet is delivered by satellite worldwide
    PI: Dr. John Baras
  • 8. FormulaidMartek: Columbia, MD
    Patented blending of nutritional oils (docosahexaenoic acid (DHA) and arachidonic acid (ARA), produced from microalgae
    Aids in the development of the eyes and central nervous system in newborns.
    Company has license agreements with thirteen infant formula manufacturers representing more than two-thirds of the world's wholesale infant formula market.
    95% of US kids under 5 have consumed this product
    $1.7 B in revenues
    PI: Dr. Richard Calabrese
  • 9. Synagis
    MedImmune (Gaithersburg, MD)
    Now the 10th best selling biotech drug in the world (past sales approx $7.8 B)
    Used to prevent respiratory syncytial virus (RSV) disease in infants.
    MedImmune’s MIPS project “improved [our] knowledge of carbohydrate analysis…and helped in structural testing of Synagis.”
    -John Hope, MedImmune scientist
    PIs: multiple
  • 10. Bullet Speed Tip Masonry Drill Bit
    Black & Decker (Towson, MD)
    Unique drill bit design
    Drills up to two times faster than competitive bits; drills up to six times more holes per battery charge when using a cordless drill
    Technology is used in DeWalt line of 29 drill bits
    PI: Dr. Appa Anjanappa, ME, UMBC
  • 11. CryoSpray Ablation™ System CSA Medical (Baltimore, MD)
    New device and treatment for Barrett’s esophagus (a pre-cancerous condition)
    First clinical trails done at UMB
    Product launched in May, 2007
    CSA Medical now has >45 people
    Company recently raised Series A financing of $8M
    MIPS-funded study results presented at national medical meeting, Oct 07
    PI: Bruce Greenwald, MD; UMB
  • 12. MIPS Impact Data (1987-2009)
    Performance of the Top Products MIPS Research Has Contributed to:
  • 13. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland
    Web Site and Contact
    MIPS Web site: www.mips.umd.edu
    MTECH: www.mtech.umd.edu with links to other MTECH programs
    Martha Connolly, MIPS Director
    marthac@umd.edu; 301-405-3892