University of Maryland Technology Tech Product Development Program with $24.6 Billion Impact to Celebrate 25 Years PR Newswire Nov. 6 WHAT:UMD's Maryland Industrial Partnerships (MIPS) Program celebrates 25 years of economic impact in Maryland at an awards gala featuring recognizing many of the companies and faculty who have participated in the program since 1987. MIPS funds research projects to develop commercially promising tech products. Projects team Maryland companies with University System of Maryland faculty. Companies co-fund each project. More than 1,000 projects have been funded since 1987, drawing in more than $120 million in outside research funding, in-kind research and equipment contributions into the university system. MIPS-supported technologies have generated $24.6 billion in sales and enabled companies to pull in $884.2 million in additional grant, debt, equity, and venture capital funding into Maryland. WHO:MIPS funding winners will be recognized in the following categories, among others: oLargest-Selling Product oCompanies with Sales in Excess of $1 Billion oFastest to Market oCompanies with Impact in: Energy, the Environment, Health, Manufacturing, Mobile Health oTop MIPS Faculty Members from 11 Universities oStudent Impact The Lockheed Martin Networking and Innovation Showcase will also display companies and technologies, on-site and in-person, developed through MIPS. WHEN:Wednesday, November 7, 2012, 5-9 p.m. WHERE:Riggs Alumni Center, University of Maryland, College Park Directions: http://www.riggs.umd.edu/map.html. CONTACT: Eric Schurr, +1-301-405-3889, firstname.lastname@example.org /PRNewswire-USNewswire -- Nov. 6, 2012/ SOURCE University of Maryland
University of Maryland Technology Tech Product Development Program with $24.6 Billion Impact to Celebrate 25 Years
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