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... MIPS research funds helped the following companies create top-selling products: 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 $22.5 billion impact on the Maryland economy since 1985. 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 TECHNOLOGY PROGRAM CorporationADVANCEMENT trace their origins to our incubator. MTECH TAP Two Hinman CEOs companies, Lurn and Squarespace, were named to the 2009 Inc. 500 list of the fastest growing private companies in the U.S.
Mtech Programs Educate At Mtech, we believe that a firm grasp of the entrepreneurial process and mindset benefits every person engaged in developing innovation. Our goal is to infuse students, faculty members and professionals with that knowledge and its accompanying skills. Armed with an entrepreneurial mind-set, they can then drive economic growth by launching successful ventures and bringing life-changing products to market. Entrepreneurship and Innovation Program (www.eip.umd.edu) Honors Living-Learning Entrepreneurship Program for Freshman and Sophomores The Entrepreneurship and Innovation Program is an Honors College initiative that provides entrepreneurially minded freshmen and sophomores from all majors with the opportunity to learn and live entrepreneurship and innovation. In this living-learning program, students develop the entrepreneurial mindsets, skill sets, and relationships needed to launch successful concepts with startup companies and corporate ventures. Through experiential learning, dynamic courses, seminars, workshops, competitions, and volunteerism, students receive a world-class education in entrepreneurship and innovation. In collaboration with faculty and mentors who have successfully launched new ventures, all student teams develop an innovative idea and write a product plan. Hinman CEOs (www.hinmanceos.umd.edu) Living-Learning Entrepreneurship Program for Juniors and Seniors The Hinman CEOs Program 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 launch new ventures. The program s onsite business coaching services, $50,000 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 committed $3.5 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. The Hillman Entrepreneurs Program 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 UM Technology Startup Boot Camp attracts an average of 500 faculty, students, researchers, CEOs, founders, investors, tech transfer managers, federal lab scientists, and other experts to learn how to successfully launch and grow technology ideas and startups. The event is headlined by national and regional entrepreneurial leaders. University of Maryland $75K Business Plan Competition (www.bpc.umd.edu) Annual Competition for Faculty and Students 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. Entrepreneurship Courses (www.mtechcourses.umd.edu) Mtech offers a broad array of entrepreneurship courses at the middle school, high school, undergraduate, graduate, and executive levels Pre-college: summer programs for 8 th graders and 4 college credit courses for high school students Undergraduate: 15 courses in opportunity discovery, entrepreneurship, and technology commercialization Graduate: 5 courses in technology venture creation, launch, and management Graduate Certificate in Engineering Technology Ventures and Innovation: online, 12-credit graduate certificate program in entrepreneurial practices for technology ventures Certificate in Innovation Management Program: five-course 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) Hands-On Venture Creation Assistance for Faculty and Students VentureAccelerator helps UM inventors get their research out of the laboratory and into the commercial sector by helping them create successful companies. VentureAccelerator s experienced team of works with university entrepreneurs so they can fulfill their academic responsibilities while still developing their companies. VA staff systematically guide and coach inventors through: sound business planning; understanding customers and markets; setting goals and priorities; acquiring skills and recruiting talent; and raising capital. Entrepreneur Office Hours (www.eoh.umd.edu) Free, Open Office Hours for Technology Entrepreneurs 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; refine their business strategy; and tap into other entrepreneurial resources. TERP Startup Lab (www.startuplab.umd.edu) Laboratory for Early Stage Entrepreneurs Located in Mtech s TAP incubator, the TERP Startup Lab is designed for entrepreneurs who need a place to quickly develop technology prototypes and get some help in starting their companies. The lab features 700 square feet of shared, furnished space. Participants receive a mailbox, company listing, shared conference rooms, and access to basic hardware and software development tools.
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 training, and critical solutions to help manufacturers grow and become more competitive. Maryland Industrial Partnerships Program (www.mips.umd.edu) Research Funding for Technology Product Development MIPS helps technology companies create new and improved products through university projects, carried out by faculty and graduate students, co-funded by companies and MIPS. 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 technology products with more than $19.5 billion combined revenue 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, and Training 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. University of Maryland Manufacturing Assistance Program (www.ummap.umd.edu) Solutions for Maryland Manufacturers Since 1984, UMMAP has provided critical solutions to help Maryland manufacturers grow and become more competitive. UMMAP is a costeffective, objective resource. As Maryland s affiliate of the federal NIST Manufacturing Extension Partnership, UMMAP draws upon a national network of solution providers, as well as the expertise of the entire University System of Maryland. UMMAP s service areas include: lean manufacturing/productivity, growth, sustainability, and technical solutions.
Mtech Impact Mtech s programs create results: $22.5 billion quantitative economic impact since 1985 6,115 jobs created or retained in Maryland 400 Maryland companies were served by Mtech s programs in 2009 Mtech Cumulative, Quantitative Impact MIPS $19.5 billion TAP UMMAP MIPS $2.5 billion $323.3 million $164.4 million combined revenues/sales of products MIPS research contributed to (1987-2009) venture investment; federal, state, and MIPS awards; public stock offerings; and private sales of TAP companies (1985-2007) increased and retained sales, costs saved, investments saved, unnecessary investments avoided, increased investment, and plants or equipment by Maryland manufacturers (2000-2009) total combined MIPS and company funding for product-oriented research projects at USM institutions (1987-2009) Hinman CEOs $25 million revenue generated by Hinman CEOs companies (2000-2009) ASPIRE $526.6 thousand funding for joint research projects between faculty and undergraduate students (1998-2009) Total $22.5 billion (1985-2009) Companies Served by Mtech Programs in 2009 Entrepreneur Office Hours 161 current and aspiring entrepreneurs served by office hours UMMAP 124 companies assisted BREP 51 MIPS 34 Ventures 20 Maryland Intl. Incubator companies and laboratories served through fermentations, training, tours, and on-site assistance companies engaged in research projects with university faculty to develop commercial products through two rounds of projects companies in the TAP incubator, VentureAccelerator, and TERP Startup Lab programs combined 11 companies in the incubator/university of Maryland-China Research Park Total 400 companies served by Mtech programs in 2009 Acquisitions and Funding of TAP Companies (1985-2009) Acquisitions of TAP companies Public Stock Offerings Venture Investments Federal Awards MIPS Project Awards State Awards Total $1.69 billion $368.3 million $287 million $88.4 million $4.9 million $3.1 million $2.45 billion TAP companies have created more than 2,000 jobs.
Performance of Top-3 Products Benefitting from MIPS MedImmune Synagis $9.1 billion Hughes Network Systems DIRECWAY, now called HughesNet $8.4 billion Martek Biosciences Total Nutritional oils, primarily DHA, added to infant formula and other foods $2 billion $19.5 billion Entrepreneurship Education Courses Course Type High School Courses (4) BIOE 160 Biopharmaceutical Production ENES 140 Discovering New Ventures Foundations in Entrepreneurship Undergraduate Courses (15) ENES 141 Introduction to High-Tech Product Development & Marketing ENES 142 Introduction to Innovative Thinking & Creativity HEIP 143 Foundations in Entrepreneurship & Innovation HEIP 144 Contemporary Issues in Entrepreneurship & Innovation ENES 210 Entrepreneurial Opportunity Analysis & Decision-Making HEIP 240 Exploring International Entrepreneurship & Innovation HEIP 241 Social Entrepreneurship Practicum ENES 460 Fundamentals of Technology Start-Up Ventures ENES 141 Introduction to High-Tech Product Development & Marketing ENES 210 Entrepreneurial Opportunity Analysis & Decision-Making ENES 461 Advanced Entrepreneurial Opportunity Analysis in Technology Ventures ENES 462 Marketing High-Technology Products & Innovations ENES 463 Strategies for Managing Innovation ENES 464 International Entrepreneurship & Innovation ENES 498 Special Topics in Entrepreneurship ENES 498E/CHEM 498E Special Topics/ Entrepreneurship in Chemical and Life Sciences ENES 498P Special Topics/Corporate Technology Ventures Enrollment 143 443 Graduate Courses (5) BIOE 645 Advanced Engineering Startup Ventures ENPM 690 Fundamentals of Technology Startup Ventures ENPM 691 Strategies for Managing Innovation ENPM 692 Innovative Thinking ENPM 808N Corporate Technology Venturing 21 Total 607 Entrepreneurship Education Programs Program Participants 2009 UM $75K Business Plan Competition 180 2009 UM Technology Startup Boot Camp 516 Certificate in Innovation Management Program 175 Entrepreneurship and Innovation Program 75 Faculty Venture Fairs 23 Hillman Entrepreneurs Program 86 Hinman CEOs Program 105 Total 1,160
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