The Maryland Small Business Development Center

Paul Bardack, State Director

Dedicated to helping entrepreneurs and small businessesSTART, GROW, AND THRIVE

No-Cost Consulting • Low-Cost Training

Technology Support Center, Hispanic Business Center, Retail and Restaurant, and much more

www.marylandsbdc.org

Ken PorterDirector, UM Ventures – College Park

UM Ventures is a joint initiative of the University of Maryland, Baltimore, andthe University of Maryland, College Park with a mission to commercializetechnologies and expand industry collaboration

WE ACTIVATE FEARLESS IDEAS FOR TRANSFORMATIONAL IMPACT

• Manage university IP• Create and support startups• Engage corporate partners• Serve the entire university, supporting science,

engineering, and social innovations

WHAT WE DO

• NSF I-Corps/UMD mini I-Corps ($50K )

• SBIR and SBA Loans Assistance

• Business Skills Training

• IP and corporate legal assistance through IPEC, the UMB Law Clinic, which is a USPTO Law School Clinic Certificate Program

• Office / manufacturing space

• Dingman Center Angels

• Maryland Industrial Partnerships ($90K)

RESOURCES FOR ALL MARYLAND ENTREPRENEURS

• Entrepreneurs-in-Residence

• Entrepreneur lead / CEO search

• Market research databases

• IP filing, prosecution, and strategy

• AWS credits ($15K)

• Medical Device Development Fund ($25-50K)

• TEDCO Maryland Innovation Initiative ($115-150K)

• Momentum Fund (equity investment up to $500K)

RESOURCES STARTUPS BASED ON UMD IP

STARTUPS TO WATCH

Hot Technologies

• Energy storage• Human health• Ed Tech• Cybersecurity• New materials• Data science

SBIR Success

Since 2010:• 19 companies funded• 36 total awards• $12M

• Visit our table• Partner with world class faculty • License cutting edge technologies• Receive startup support from UMD ecosystem• Apply for and win SBIR funding!

Julie LenzerChief Innovation OfficerUniversity of Maryland

Team GSD

Brendan Iribe Center for ComputerScience and Engineering

The Hotel

WeWork College Park

Funding Your Startup Beyond SBIR

John GustinMaryland Innovation

Initiative

Joe NaftMaryland Industrial

Partnerships

Stan SmithDingman Center Angels

Momentum Fund

Paul BardackSmall Business

Development Center

John GustinMaryland Innovation Initiative

�En h a n c e e c o n o mi c d e v e l o p me n t g row th t h ro u g h t h e f o s t e r i n g o f a n e n t re p re n e u r i a l a n d i n n o v a t i v e

e c o s y s t e m . D i s c o v e r, i n v e s t i n , a n d h e l p b u i l d gre a t M a r y l a nd- ba s e d

t e c h n o l o g y c o mp a n i e s .

L e a d i n g I n n o va t i o n

t o M a r ke t

Translational Research

Uni

vers

ity

Corp

orat

ion

Grants

GrantInvestment

Technology/ Market Validation

Customer Acquisition

Scale-up/Growth

Series ASeed StageProof of Principle

Demonstration

Pre-Seed/3Fs Series Seed

Maryland Stem Cell Research Fund

Maryland Innovation Initiative

Pre-Seed Funds

Seed Investment Funds Maryland Venture Funds

O v e r v i e w o f T E D C O ’s F u n d i n g P r o g r a m s b y S t a g eTe

ch T

rans

fer

Gat

eway

Inve

stm

ent

Joe NaftMaryland Industrial Partnerships

Key Points about MIPS• MIPS projects are conducted by university

faculty in conjunction with company researchers

• Proposals are evaluated on technical merit and economic development potential

• Projects jointly funded by MIPS & companies

• All funding goes toward university project costs

• Not required to be university I.P.

More Key Points about MIPS• MIPS is win-win-win:

• Companies leverage their R&D funding and gain access to faculty expertise

• Non-dilutive, non-debt funding• Faculty and students gain funding to engage in

commercially relevant research

• State benefits via accelerated and increased tax revenue

Stan SmithDingman Center for Entrepreneurship

Momentum Fund

Paul BardackMaryland Small Business Development Center

ACCESS TO CAPITALNo cost

TRAININGLow cost

MARKET RESEARCH

No cost

CONSULTINGNo cost

www.marylandsbdc.org