The University System of Maryland's investment fund is now live - Technical.ly Baltimore

Business

Mar. 28, 2017 10:16 am

The University System of Maryland’s investment fund is now live

The Maryland Momentum Fund is raising $25 million to help university startups. USM has already committed $10 million.
Baltimore’s BioPark is part of the University System of Maryland.

Baltimore's BioPark is part of the University System of Maryland.

(Courtesy photo)

A $25 million University System of Maryland venture fund that is designed to help startups created by members of the university community officially launched this month.

According to UMD student newspaper The Diamondback, it’s called the Momentum Fund. So far, $10 million is committed from USM. UM Ventures and UMBC are working together on raising an additional $15 million from local VCs and angels.

The application is live, and startups can apply on a rolling basis.  The group will also have an external advisory board made up of six to eight entrepreneurs and investors to make recommendations and set policies.

The venture fund comes at a time when the University of Maryland-Baltimore is looking to increase entrepreneurial activity, including creating a new innovation center.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Laureate founder Douglas Becker is now leading Cintana Education

Why two eminent Baltimore higher-ed institutions collaborated to create this unique dual degree program

Johns Hopkins is launching an accelerator for student startups

SPONSORED

Baltimore

Why two eminent Baltimore higher-ed institutions collaborated to create this unique dual degree program

Baltimore, MD

14 West

Scrum Master

Apply Now

Baltimore, MD

14 West

Lead Qlik Developer

Apply Now

Baltimore, MD

14 West

Senior Qlik Developer

Apply Now

Sysmex Inostics moves into bigger space near JHU medical campus

UB, Loyola to cohost 2021 conference for global university biz center leaders

UMBC and UMB are joining forces to protect and probe medical data

SPONSORED

Baltimore

What Asymmetrik is doing to help lead healthcare’s digital transformation

Baltimore, MD

14 West

Qlik Developer

Apply Now

Baltimore

14 West

Senior Business Analyst

Apply Now

Offsite

Philadelphia Home

Social Media Catalyst

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!