COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M.
Established in 2012, the MII program was created as a partnership between the State of Maryland and five Maryland academic research institutions: University of Maryland, College Park; University of Maryland, Baltimore County; University of Maryland, Baltimore; Johns Hopkins University; and Morgan State University. The program’s mission is to accelerate promising technologies with significant commercial potential to market while leveraging each partner University’s strengths.
“MII is an ideal representation of the support TEDCO gives to companies from idea and development phases to successful commercialization,” said Arti Santhanam, executive director of MII. “We are especially proud that the MII portfolio is a reflection of the diversity of technology space and applicants that these partner universities bring to the table. Our companies have leveraged these strengths to jumpstart their innovative products and bolster the innovation ecosystem in Maryland.”
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