COLLEGE PARK, Md. – The Maryland Industrial Partnerships Program (MIPS) will host a free briefing about how faculty and local businesses can participate in the MIPS funding program at Frostburg State University (FSU) on Thursday, September 15, from 1-3 p.m. in room 237 of the Compton Science Center.
MIPS provides funding – matched by participating companies – for university-based research projects that help companies develop new products. MIPS funding goes directly to faculty for research that benefits the company's ability to commercialize a product.
MIPS manager Ronnie Gist will give a presentation, followed by a question-and-answer period and one-on-one meetings if desired.
MIPS has supported research projects with more than 400 different Maryland companies since 1987. MIPS is currently funding two-year projects at FSU with Cumberland-based Instant Access Networks and Frostburg-based Sustainable Systems Inc. MIPS is also funding a project with Cumberland-based Savage River Farms Inc. Previous MIPS-supported projects in the region included companies such as Adventure Sports Inc., in Frostburg, and Oakland-based Pioneer Conveyor.
Products such as Martek Biosciences' life's DHA, which supports brain, eye and heart health from infancy to adulthood and is licensed to 90 percent of the U.S.'s infant formula manufacturers, and Hughes Network Systems' HughesNet™, the leading international product for receiving the Internet via satellite, have benefitted from MIPS-supported research. MedImmune Inc.'s Synagis®, a multi-billion-dollar drug that prevents a serious respiratory disease in infants, and Black & Decker's Bullet® Speed Tip Masonry Drill Bit, which drills six times more holes than conventional drill bits, were also supported by MIPS projects. These products have collectively generated more than $21.6 billion in revenue and led to the creation of thousands of jobs in Maryland.
Benefits of MIPS funding for faculty include:
• Research leads directly to new product development
• Potential for published papers and improved university facilities
• Students gain valuable experience working on commercial technologies
• Rapid proposal evaluations—MIPS notifies award winners within 60 days of the proposal deadline
Benefits of MIPS funding for Maryland companies include:
• Cost-effective research by collaborating with university faculty
• Access to expert university faculty, students, state-of-the-art facilities, laboratories and equipment
• Efficient transfer of technology from universities to companies
• Opportunity to work with students—potential future hires
MIPS funds an average of 30 projects per year. Applications are due October 17, 2011.
Research supported by MIPS may broadly be in engineering, computer science, physical, environmental and life sciences. MIPS also supports projects designed to help a company plan and develop industrial training programs for its employees.
For more information about the MIPS workshop, contact Linda Steele, program specialist at Frostburg State University, by phone at (301) 687-4137, or by e-mail at firstname.lastname@example.org.
ABOUT the Maryland Industrial Partnerships Program (MIPS) (www.mips.umd.edu)
The Maryland Industrial Partnerships Program, an initiative of the A. James Clark School of Engineering’s Maryland Technology Enterprise Institute (Mtech), brings university innovation to the commercial sector by supporting university-based research projects to help Maryland companies develop technology-based products.