Maryland Technology Enterprise Institute web: www.mtech.umd.edu tel: (301) 405-3906 fax: (301) 403-4105 Educate, Create, Connect Maryland Technology Enterprise Institute The mission of Mtech is to: Educate the next generation of technology entrepreneurs; SUCCESS Billion-dollar companies that graduated from Mtech s TAP venture incubator program: Create successful technology ventures; and Connect Maryland companies with university resources to help them succeed. Bring us your great ideas, your challenges, your desire to learn... At the Maryland Technology Enterprise Institute (Mtech), we focus on two things: innovation and results. We offer programs, courses, workshops and competitions to help aspiring entrepreneurs learn how to bring their innovative ideas and products to society. We help faculty, student, and regional entrepreneurs create successful ventures. We help companies solve vital challenges and develop top-selling products by connecting them with the resources they need to succeed. Our results: among our core programs, we have had a $19.7 billion impact on the Maryland economy since 1983. Top-selling products such as MedImmune s Synagis, which protects infants from a deadly respiratory disease, and Hughes Communications HughesNet, which brings satellite-based, high-speed Internet access to lessdeveloped countries and rural areas, were developed through or enhanced by our programs. Billion dollar companies such as Martek Biosciences and Digene Corporation trace their origins to our incubator. MIPS research funds helped the following companies create top-selling products: Mtech s entrepreneurship education programs were cited in Fortune Small Business magazine s ranking of America s Best Colleges for Entrepreneurs and The Princeton Review and Entrepreneur Magazine s Top 50 Entrepreneurial Colleges.
Mtech Programs Educate At Mtech, we believe that a firm grasp of the entrepreneurial process and mind-set benefits every person engaged in developing technology. Our goal is to infuse technologycreating students, faculty members and professionals with that knowledge and its accompanying skills. Armed with an entrepreneurial mind-set, technology creators drive economic growth by launching successful ventures and bringing life-changing products and services to market. SELECT COMPANIES STARTED BY HINMAN CEOs Affiliate Classroom Alertus Technologies Inivision Media Company Optimum Productions Squarespace Zathyus Networks Hinman CEOs (www.hinmanceos.umd.edu) Living-Learning Undergraduate Entrepreneurship Program Featured on CNN and the recipient of numerous awards, Hinman CEOs is the nation s first living-learning entrepreneurship program, placing entrepreneurially minded students from all disciplines into a unique community in which students live together, learn about entrepreneurship through courses and an exclusive speaker series, and can launch new ventures. The program s on-site business coaching services, entrepreneurs-in-residence, $250,000 Impact Pre-Seed Fund and Hinman Alumni Fund provide a rich environment for launching new ventures. Incoming juniors are invited to apply for this competitive program. The mission of Hinman CEOs is to foster an entrepreneurial spirit, create a sense of community and cooperation, and develop ethical leaders. University alumnus and successful entrepreneur Brian Hinman provided $2.5 million to initiate and support the Program. Hillman Entrepreneurs (www.hillman.umd.edu) Four-Year Transfer Program to Create Entrepreneurial Leaders The Hillman Entrepreneurs Program is an innovative educational initiative for transfer students who begin their study at the Prince George s Community College and complete their bachelor s degrees at the University of Maryland. This four-year scholarship program is targeted at students driven to be successful entrepreneurs and leaders in their communities. Hillman Entrepreneurs features a series of entrepreneurship and leadership courses, mentoring from full-time directors, networking opportunities and community-building activities. The program was established through a generous $1.7 million gift from the David H. and Suzanne D. Hillman Family Foundation.
University of Maryland Technology Startup Boot Camp (www.bootcamp.umd.edu) Annual Intensive, One-Day Workshop and Networking Event on How to Launch Tech Ventures One of the region s premier annual entrepreneurship events, the University of Maryland Technology Startup Boot Camp brings together about 500 faculty, students, researchers, CEOs, founders, investors, tech transfer managers, federal lab scientists, and other experts. Headlined by many of the region s entrepreneurial leaders, the Boot Camp offers both aspiring and seasoned entrepreneurs inspiration, knowledge, insight, and connections that will help them successfully launch and grow their technology ideas and startups. University of Maryland $75K Business Plan Competition (www.bpc.umd.edu) Annual Competition for Faculty, Students and Recent Alumni to Vet New Tech Venture Ideas The UM $75K Business Plan Competition promotes the commercialization of innovative ideas and University-created technologies by offering faculty, students, and alumni cash prizes for the best new venture plans. The competition emphasizes learning by offering personal coaching for finalists, as well as the experience of presenting ideas to an experienced panel of investors and judges. Since 2001, the competition has served as a launch point for the commercial success of many previous winners, including Squarespace Inc., RioRey Inc., AnthroTronix Inc., Alertus Technologies, and Chesapeake PERL. Entrepreneurship Courses (www.mtechcourses.umd.edu) Whether you re in high school, an undergraduate, a graduate student, or a corporate executive, Mtech offers a broad array of entrepreneurship courses tailored for you. Discovering New Ventures: summer high school course Introduction to Technology Marketing and Product Development: summer high school course Entrepreneurial Opportunity Analysis and Decision-Making in 21 st Century Technology Ventures: undergraduate course Fundamentals of Technology Start-Up Ventures: undergraduate and graduate course Advanced Engineering Startup Ventures: graduate course Venture Accelerator Entrepreneurship Lab: undergraduate and graduate course Special Topics in Entrepreneurship: undergraduate and graduate course Freshmen Connection Program: freshman course Graduate Certificate in Technology Ventures & Innovation: offered jointly with the UM Office of Advanced Engineering Education; includes four Mtech-taught, graduate-level entrepreneurship courses Certificate in Innovation Management Program: an eight-day, sixcourse executive education series offered in conjunction with the Robert H. Smith School of Business
Create We partner with entrepreneurs to build leading technology companies. With company founders facing challenges such as business planning, staffing, launching, and financing, we provide expert mentoring backed by years of entrepreneurial and venture capital experience, as well as extensive services and resources to help turn great ideas into scalable enterprises. Technology Advancement Program (www.tap.umd.edu) Leading Technology Venture Incubator in Maryland For more than 20 years, TAP has helped build some of the most successful tech companies in Maryland, including Martek Biosciences, Digene Corporation, Powerize.com, DataStream Content Solutions and NovaScreen. TAP s staff, comprised of seasoned veterans of startups and venture capital firms, provide: business advice and support, market intelligence, introductions and access to funding. TAP offers furnished offices, flexible lab space, faculty expertise, a talented student pool, and resources afforded by a top research university. VentureAccelerator Program (www.va.umd.edu) Intense, Hands-On Venture Creation Assistance for Faculty and Students VentureAccelerator helps University of Maryland inventors get their research out of the laboratory and into the commercial sector by helping them create successful companies. VentureAccelerator s experienced team of business professionals works with university entrepreneurs so they continue to fulfill their academic responsibilities while furthering the development of their companies. VA staff speed the process of venture creation by systematically guiding and coaching inventors through business processes such as: Sound Business Planning Understanding Customers & Markets Setting Goals & Priorities Acquiring Skills & Recruiting Talent Raising Capital Entrepreneur Office Hours (www.eoh.umd.edu) Free, Open Office Hours for UM Students, Faculty, Staff, and Regional Entrepreneurs with Tech-Based Startups or Ideas Mtech hosts free office hours each month to help aspiring and current entrepreneurs with tech-based startups or ideas get advice on how to: build and finance a startup company develop and protect intellectual property navigate the technology transfer process refine business strategy for rapid growth tap into other entrepreneurial resources
Connect Mtech connects Maryland technology companies with university resources to help them succeed, including: joint funding for research projects conducted with university faculty; bioprocessing services, expertise and workforce training; and manufacturing solutions. Maryland Industrial Partnerships Program (www.mips.umd.edu) Research Funding for Technology Product Development MIPS provides funding for research projects connecting Maryland companies with University System of Maryland faculty to develop technology-based products, services or training. Through MIPS, companies have created or improved revolutionary technologies, including: MedImmune s Synagis drug, which prevents a respiratory disease in infants; HughesNet,, the world s leading Internet-via-satellite product; Black & Decker s ultra-efficient masonry drill bits; and Martek Bioscience s top-selling nutritional additive for healthy foods. Since 1987, MIPS has connected more than 400 companies in Maryland with faculty in the University System of Maryland to develop products in the fields of biotechnology, nanotechnology, engineering, computer science, information technology, homeland security, defense, and energy. Biotechnology Research and Education Program (www.brep.umd.edu) Bioprocessing, Scale-Up, Education, Training, and Productivity Enhancement for Biotech Companies in Maryland BREP provides research, education and the development of biotechnology products and processes for Maryland companies. BREP s Bioprocess Scale-Up Facility expert staff offer product scale-up and production capabilities for fermentation, cell culture, separation, purification and analysis. BREP staff address challenging problems with biopolymers, turbulence and multiphase fluid dynamics, biosensors, process analysis and control, and both metabolic and biochemical engineering. BREP also offers customized training programs, which may include hands-on training using a client s production equipment, or equipment in the BSF. BREP s Productivity Enhancement initiative applies Lean Manufacturing principles to bio-manufacturing. Maryland Technology Extension Service (www.mtes.umd.edu) Solutions for Maryland Manufacturers Since 1984, MTES has provided critical solutions to help Maryland manufacturers grow and become more competitive. MTES is a costeffective, objective resource. As Maryland s affiliate of the federal NIST Manufacturing Extension Partnership, MTES draws upon a national network of solution providers, as well as the expertise of the entire University System of Maryland. MTES service areas include: lean manufacturing/productivity, growth, sustainability, and technical solutions.
Mtech Impact Mtech s programs create results: $19.7 billion quantitative economic impact since 1983 8,683 jobs created, retained, or projected 396 Maryland companies were served by Mtech s programs in 2008 Mtech Cumulative, Quantitative Impact TAP Hinman CEOs MIPS $2.4 billion $1.5 million $159.5 million venture investment; federal, state, and MIPS awards; public stock offerings; and private sales of TAP companies (1984-2007) combined revenue of companies operated by Hinman CEOs (2008) total combined MIPS and company funding for product-oriented research projects at USM institutions (1987-2008) MIPS $16.9 billion combined revenues/sales of products MIPS research contributed to (1987-2008) MTES ASPIRE Total $291.8 million $468.6 thousand $19.7 billion increased and retained sales, costs saved, investments saved, unnecessary investments avoided, increased investment, and plants or equipment by Maryland manufacturers (2000-2008) funding for joint research projects between faculty and undergraduate students (1998-present) Companies Served by Mtech Programs in 2008 MIPS 40 MTES 145 companies assisted (2008) BREP 48 Entrepreneur Office Hours Company MIPS-Related Product Revenues/Sales MedImmune Martek Biosciences Hughes Network Systems companies engaged in research projects with university faculty to develop commercial products through two rounds of projects in 2008 companies and laboratories served through fermentations, training, tours, and on-site assistance 150 current or aspiring entrepreneurs served by office hours (2008) TAP and VA 13 companies in the incubator and VentureAccelerator programs Total 396 companies served by Mtech programs in 2008 Performance of Products Benefitting from MIPS Synagis drug to treat a serious respiratory disease in infants DHA and ARA supplements to infant formula and other nutritional products HughesNet, the leading Internet over satellite product for consumers $7.8 billion $1.7 billion $7.4 billion Total $16.9 billion
Funding Acquired by TAP Companies (1987-2008) Venture Investments Federal Awards Public Stock Offerings MIPS Project Awards State Awards Total $283 million $74.4 million $368.3 million $4.6 million $3.1 million $733.4 million TAP portfolio companies have raised $22 million in financing since 2004. Sales of TAP companies total $1.67 billion; including $1.6 billion from the acquisition of Digene Corp. by Qiagen NV, as well as sales of other TAP graduates combined for $67.1 million The total combined impact for TAP is $2.4 billion. Entrepreneurship Education Reach in 2008 Course Enrollment Discovering New Ventures 95 Entrepreneurial Opportunity Analysis and Decision-Making in 21 st Century Technology Ventures 60 Fundamentals of Technology Start-Up Ventures 130 Advanced Engineering Startup Ventures 25 Special Topics in Entrepreneurship 250 Petroleum Institute 24 Certificate in Innovation Management Program 244 Total 828 Program Participants 2008 UM Technology Startup Boot Camp 451 2008 UM $50K Business Plan Competition 125 Faculty Venture Fairs 60 Hillman Entrepreneurs 76 Hinman CEOs 90 Total 802 Mtech s entrepreneurship education courses and programs reached a grand total of 1,630 students, researchers, faculty members, and working professionals in 2008.
tech Maryland Technology Enterprise Institute 2120 Potomac Bldg. 092 University of Maryland College Park, MD 20742-3415 www.mtech.umd.edu tel: 301.405.3906 fax: 301.403.4105