Two University of Maryland, Baltimore (UMB) researchers and a UM Venture startup company stemming from the University’s tech transfer efforts received financial awards to accelerate the commercial development of their biomedical inventions into treatments and devices to meet today’s health challenges.
For the last eight years, the UMB Commercial Advisory Board and the Johns Hopkins Alliance for Science and Technology have held a yearly meeting of faculty of both universities, advisors and potential investors to explore pathways to commercializing inventions created in the universities’ laboratories, and encourage entrepreneurship among faculty members. This year, $200,000 was awarded to faculty and startup companies from both universities. UMB inventors competed for a UM Ventures Award and one of two Abell Foundation Awards. UM Venture start-ups presented their companies for the chance to win a UM Venture Start-up Award. This year’s UMB-affiliated awards went to: