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Www.mips.umd.edu Towson University January 15, 2009 Joe Naft, MIPS Associate Director.
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Transcript of Www.mips.umd.edu Towson University January 15, 2009 Joe Naft, MIPS Associate Director.
![Page 1: Www.mips.umd.edu Towson University January 15, 2009 Joe Naft, MIPS Associate Director.](https://reader035.fdocuments.in/reader035/viewer/2022070410/56649ea75503460f94ba94d5/html5/thumbnails/1.jpg)
www.mips.umd.edu
Towson UniversityJanuary 15, 2009
Joe Naft, MIPS Associate Director
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www.mips.umd.edu
Maryland Industrial PartnershipsMatching awards for collaborative R&D between Maryland companies and University System of Maryland faculty to
develop new technology products
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www.mips.umd.edu
MIPS: What is it?
The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by providing matching funds for collaborative R&D projects between companies and University System of Maryland faculty (http://www.usmd.edu/)
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www.mips.umd.edu
MIPS: Key Elements
• MIPS fosters academic-industrial partnerships
• Funds from MIPS and Maryland companies go towards accelerating research results and knowledge into products
• Commercialization is a key factor
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www.mips.umd.edu
MIPS: A National Model
• MIPS Award from US SBA for “Best Practices in Technology Transfer” (March, 2005)
• Award from SSTI for best practices in Technology Based Economic Development (October, 2007)
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www.mips.umd.edu
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 are jointly funded by MIPS and companies
• All funding goes towards university project costs
• MIPS is win-win-win: • Companies leverage their R&D funding and gain access
to faculty expertise• Faculty and students gain funding to engage in
commercially relevant research• State benefits via accelerated and increased revenue
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www.mips.umd.edu
Disciplines for MIPS Projects
• Engineering
• Computer Sciences
• Life Sciences
• Physical Sciences
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www.mips.umd.edu
MIPS: A Flexible ProgramChanges with emerging technologies
• On the rise:
– Biotech/life sciences
– Homeland security
– Nanotechnology
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www.mips.umd.edu
MIPS:The Process
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www.mips.umd.edu
Proposal Evaluation Process
• Scientific/technical evaluation
• Business/economic review
• 60 day turnaround from application to award
• 2 funding cycles per year, May and October deadlines
• Next proposals due: May 1, 2009
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www.mips.umd.edu
Large Company Small Company Start-Up Company* >100 12 to 100 Up to 12
MIPS Share
Company Share
65%
35%
10%
90%
Minimum Company Match
MIPS offers up to $100K/year in matching funds for projects for up to two years. With minimum company contributions, total project value can be:
$200K for startups
$310K for small companies
$400K for large companies * Plus other requirements
50%50%
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www.mips.umd.edu
* Start-Up Criteria
• 1 to 12 Employees
• Time in business cannot exceed 4 years
• Annual Sales under $1,000,000
• No Public Offering
• Must submit Business Plan (Executive Summary)
• Must be In Good Standing with State
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www.mips.umd.edu
Benefits to Companies
• Financial support for commercially applicable research
• Leveraging assets/ outsourcing R&D• Access to university
faculty & students expertise facilities
• Companies can establish lasting relationships with faculty experts, hire students
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www.mips.umd.edu
Benefits to Faculty• Financial support for commercially applicable
research• Relevant real world experience for students
Papers published Thesis work Job opportunities
• Faculty can establish lasting relationships with technology companies
• Possible future sponsored research
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www.mips.umd.edu
Intellectual Property• I.P. created by the university research
team during the course of a project is owned by the university
• Company has right to an exclusive license
• Terms negotiated with campus after the invention
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www.mips.umd.edu
Environmental Projects
• New funding (in FY09) from Maryland DNR/EPA for projects which can improve the water quality of the Chesapeake Bay
• Can fund about 4 to 5 projects per year
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www.mips.umd.edu
• 21 year history (est 1987)
• 433 Companies
• 345 UM Faculty
MIPS Program Summary
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MIPS Results
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www.mips.umd.edu
MIPS Impact: Product Sales
Over 21 years, MIPS projects have contributed to products that have sold:
$16,900,000,000
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Successful MIPS Products:
Made in Maryland
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www.mips.umd.edu
• Now the 10th best selling biotech drug in the world (past sales approx $6.0 B)
• Used to prevent respiratory syncytial virus (RSV) disease in infants.
• MedImmune’s MIPS project “improved [our] knowledge of carbohydrate analysis…and helped in structural testing of Synagis,”
-John Hope, MedImmune scientist
SynagisMedImmune: Gaithersburg, MD
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www.mips.umd.edu
HughesNetHughes Network Systems: Germantown, MD
• HughesNet is the world's leading broadband by satellite service. Formerly called DirecWay, DirectPC.
• More than 600,000 systems ordered or shipped to customers in 85 countries.
• System based on design by Dr. John Baras, Professor of Electrical and Computer Engineering at UM College Park.
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www.mips.umd.edu
FormulaidMartek: Columbia, MD
• Patented blending of nutritional oils (docosahexaenoic acid (DHA) and arachidonic acid (ARA), produced from microalgae
• Aids in the development of the eyes and central nervous system in newborns.
• Company has license agreements with thirteen infant formula manufacturers representing more than two-thirds of the world's wholesale infant formula market.
• 95% of US kids under 5 have consumed this product
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www.mips.umd.edu
• Unique drill bit design for masonry work used in the DeWalt line of 29 drill bits
• Drills up to two times faster than competitive bits; drills up to six times more holes per battery charge when using a cordless drill
• Black & Decker employs 500 people in Maryland and over 25,000 worldwide.
Bullet Speed Tip Masonry Drill Bit
Black & Decker: Towson, MD
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www.mips.umd.edu
CryoSpray Ablation™ System CSA Medical: Baltimore, MD
• New device and treatment for Barrett’s
esophagus (a pre-cancerous condition)
• Original concept from Bethesda Naval Medical Center
• Product launched in May, 2007
• Start-up CSA Medical recently raised Series A financing
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www.mips.umd.edu
E-Coli 0157 Detection KitInnovative Biosensors: College Park, MD
• A simple and robust kit to detect E. coli O157:H7 contamination in food surfaces in less than 5 minutes.
• Rapid, ultra-sensitive test, easy to use, highly specific detection.
• Product launched January, 2005.
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www.mips.umd.edu
• Quantum created the first U.S.-based wind tunnel testing facilities with the University of Maryland for downwind sails
• MIPS-developed technology is used in nearly all of Quantum’s sail products.
• Quantum is now the No. 2 sail maker in the world, with more than 30 new employees hired
• Sails used in Volvo Round the World Race and America’s Cup
World-class off-wind sails
Quantum Sail Design Group: Annapolis, MD
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www.mips.umd.edu
MIPS speeds research results to market!
• Proven best-practice model with >21 years of experience
• Deploys funds to the best researchers working on practical problems
• Allows new technologies rapid proof-of-concept and prototyping
• Could be extended to other universities to accelerate sponsored research results into developed products
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www.mips.umd.edu
What Does MIPS Contribute to Maryland’s Economy?
• Opens direct company access to faculty experts at all USM institutions.
• Only organized university R&D program in which commercialization is a primary factor for award.
• Real world experience for students
• Demonstrated pay-offs to hundreds of Maryland companies.
• Highly efficient job creation program for economic development
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www.mips.umd.edu
• MIPS Web site: www.mips.umd.edu
• Mtech: www.mtech.umd.edu with links to other Mtech programs
• Joseph Naft, MIPS Associate [email protected]; 301-405-3886
• Ronnie Gist, MIPS Project Manager [email protected]; 301-405-3890
Web Site and Contact