the maryland small business development center · overview of tedco’s funding programs by stage r...
TRANSCRIPT
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The Maryland Small Business Development Center
Paul Bardack, State Director
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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
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Ken PorterDirector, UM Ventures – College Park
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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
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• Manage university IP• Create and support startups• Engage corporate partners• Serve the entire university, supporting science,
engineering, and social innovations
WHAT WE DO
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• 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
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• 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
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STARTUPS TO WATCH
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Hot Technologies
• Energy storage• Human health• Ed Tech• Cybersecurity• New materials• Data science
SBIR Success
Since 2010:• 19 companies funded• 36 total awards• $12M
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• Visit our table• Partner with world class faculty • License cutting edge technologies• Receive startup support from UMD ecosystem• Apply for and win SBIR funding!
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Julie LenzerChief Innovation OfficerUniversity of Maryland
Team GSD
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Brendan Iribe Center for ComputerScience and Engineering
The Hotel
WeWork College Park
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Funding Your Startup Beyond SBIR
John GustinMaryland Innovation
Initiative
Joe NaftMaryland Industrial
Partnerships
Stan SmithDingman Center Angels
Momentum Fund
Paul BardackSmall Business
Development Center
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John GustinMaryland Innovation Initiative
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�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
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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
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Joe NaftMaryland Industrial Partnerships
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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.
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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
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Stan SmithDingman Center for Entrepreneurship
Momentum Fund
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Paul BardackMaryland Small Business Development Center
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ACCESS TO CAPITALNo cost
TRAININGLow cost
MARKET RESEARCH
No cost
CONSULTINGNo cost
www.marylandsbdc.org
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