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The Maryland Momentum Fund is an early-stage investment vehicle designed to commercialize promising research and intellectual property. It provides seed capital and strategic support to ventures originating from the University System of Maryland's eleven institutions, effectively bridging the funding gap for nascent faculty and student-led enterprises by transforming academic innovations into viable market solutions.
The University System of Maryland (USM) Board of Regents established the fund in 2016. This initiative arose from the insight that dedicated capital was crucial to leverage the vast research output across USM campuses, transitioning groundbreaking university discoveries into sustainable Maryland-based businesses with tangible economic and societal impact.
The fund primarily serves entrepreneurs, faculty, and students within the USM ecosystem. Its overarching vision is to foster economic growth within Maryland by creating new jobs, bolstering the state's economy, and delivering innovations that enhance the quality of life for its citizens, cultivating a vibrant entrepreneurial landscape rooted in academic excellence.
Maryland Momentum Fund has 9 tracked investments across 8 companies. The latest tracked deal is $2.5M Other Equity in Qualytics in December 2022.