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Mtech's Mission

    The mission of the Maryland Technology Enterprise Institute (Mtech), a unit of the A. James Clark School of Engineering at the University of Maryland, is to:

    • Educate the next generation of technology entrepreneurs;
    • Create successful technology ventures; and
    • Connect Maryland companies with university resources to help them succeed.

    Mtech has built a comprehensive entrepreneurship and innovation ecosystem at the University of Maryland. Its programs arm top students from around the world with the knowledge of how to successfully launch companies and guide aspiring and existing entrepreneurs through the entire lifecycle of launching and maintaining technology-based ventures.

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    < MTECH

    MTECH VENTURES > Impact

    ASPIRE is a grant program for undergraduate researchers working with Clark School faculty on projects with commercial potential

    “Over time, we’ve probably  generated within the state of Maryland, a large share of our  revenue—$1.5 billion a year, with a total of close to $15 billion... We employ 1,500 people here in the state. Most of them are working on businesses related to this technology. MIPS helped develop not just a new product, but a new industry.”

    —John Kenyon, Senior Vice President for Engineering, Hughes Network Systems

    “MIPS funding was pivotal. It enabled us to validate the invention’s commercialization potential and get onto the path to our first customers. Without MIPS, we would not have been able to get our first product out the door and land those first few key customers.”

    —Jason Volk, CEO, Alertus Technologies

    "Over 55 million babies worldwide have now had infant formula that included Martek’s nutritional ingredients. Over 99 percent of the infant formula in the Unites States has it, as well as products in more than 75 countries around the world.  Almost every U.S. child under the age of six has had this Martek DHA in their brain. It all started here..."

    —Henry “Pete” Linsert, former Chairman and CEO, Martek Biosciences

    “I would say MIPS validated us. Here we are, two people knocking on the doors of Fortune 100, Fortune 300 companies, public payers, private payers, partners, and until we had that endorsement from a MIPS grant, it was hard. It really did help us open doors by saying we are MIPS-endorsed. It made a big difference in our ability to get traction.”

    —Suzanne Sysko Clough, Founder and Chief Medical Officer, WellDoc

    Impact

    $3.6B

    Revenue generated, investments and contracts by and acquisitions of Mtech Ventures companies since 1983.

    137

    Graduate and current companies in Mtech Ventures programs, historically.

    50+

    Total companies in Mtech Ventures programs at any point in time.

    3

    Blockbuster TAP incubator graduates, including two that sold for $1B+ and another that developed and licensed a leading hybrid-electric drive technology.

    Select Mtech Ventures Graduate Companies