www.mtech.umd.eduApril 14, 2010

TOWSON UNIVERSITY SHOWCASEMaryland Industrial Partnerships

MIPS

Martha J. Connolly

www.mtech.umd.edu

Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland

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 of Maryland faculty.

www.mtech.umd.edu

Maryland Industrial Partnerships

• Current state annual funding for MIPS is $1.55 M • Faculty and students gain funding to engage in

commercially-relevant R&D• Companies leverage their R&D funding and gain

access to faculty expertise, and U-Md facilities• Disciplines: Engineering, and computer, physical, life

sciences and environmental sciences• Proposals are evaluated two ways:

– Scientific/technical evaluation– Business/economic review

www.mtech.umd.edu

Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland

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• Accelerates research results into products

www.mtech.umd.edu

Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland

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:

$220K for startups

$310K for small companies

$400K for large companies * Plus other requirements

50%50%

www.mtech.umd.edu

HughesNet (internet via satellite)Hughes Network Systems, Germantown, MD

• HughesNet is the world's leading broadband by satellite service.

• $7.4 B in sales to customers in 85 countries.

• System based on design by Dr. John Baras, Professor of Electrical and Computer Engineering at UM College Park, who worked out protocols for how Internet is delivered by satellite worldwide

• PI: Dr. John Baras

www.mtech.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

• $1.7 B in revenues

• PI: Dr. Richard Calabrese

www.mtech.umd.edu

• Now the 10th best selling biotech drug in the world (past sales approx $7.8 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

• PIs: multiple

SynagisMedImmune (Gaithersburg, MD)

www.mtech.umd.edu

• Unique drill bit design

• Drills up to two times faster than competitive bits; drills up to six times more holes per battery charge when using a cordless drill

• Technology is used in DeWalt line of 29 drill bits

• PI: Dr. Appa Anjanappa, ME, UMBC

Bullet Speed Tip Masonry Drill BitBlack & Decker (Towson, MD)

www.mtech.umd.edu

CryoSpray Ablation™ System CSA Medical (Baltimore, MD)

• New device and treatment for Barrett’s esophagus (a pre-cancerous condition)

• First clinical trails done at UMB • Product launched in May, 2007• CSA Medical now has >45 people• Company recently raised Series A

financing of $8M• MIPS-funded study results presented at

national medical meeting, Oct 07

• PI: Bruce Greenwald, MD; UMB

www.mtech.umd.edu

MIPS Impact Data (1987-2009)• Performance of the Top Products MIPS

Research Has Contributed to:

Company MIPS-Related ProductRevenue/Sales

MedImmune Synagis $7.8 billion

Martek Biosciences

Nutritional oils, primarily DHA, added to infant formula and other foods

$1.7 billion

Hughes Communications DIRECWAY, now called HughesNet $7.4

billion

Total: $16.9 billion

www.mtech.umd.edu

Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland

• MIPS Web site: www.mips.umd.edu

• MTECH: www.mtech.umd.edu with links to other MTECH programs

• Martha Connolly, MIPS Directormarthac@umd.edu; 301-405-3892

Web Site and Contact