The University of Maryland, Baltimore (UMB) strives to support the entrepreneurial talents of its students, faculty, staff, and alumni as it works to improve the human condition and serve the public good.
To this end, the University System of Maryland (USM) continues to aid entrepreneurs at UMB and throughout the state with the $10 million Maryland Momentum Fund (MMF).
Established in 2016, the sector-agnostic fund invests in the most promising USM-affiliated technologies and people, helping bridge the funding gap for early-stage companies.
“The UMB community, including its alumni, are incredibly entrepreneurial,” said Claire Broido Johnson, managing director of MMF. “Momentum Fund investment is designed to give startups a boost in the early stages, when funding is needed but often difficult to obtain.”
The fund has $1.2 million remaining to invest in new companies. To be eligible, the company must be located in Maryland and affiliated with a USM institution (either founded by university faculty, staff, students, or alumni; located in a university-affiliated research park or incubator; or be university-owned intellectual property). In addition, the company ultimately must secure co-investment equal to or greater than MMF’s investment.
