The University System of Maryland is hoping a new $25 million venture capital fund it established will help spin off more commercial businesses — with the system reaping the benefits in the long run.
The USM’s Board of Regents recently approved a plan to invest $10 million over the next four years to invest in startup companies developed by professors, students and recent grads from all 12 of the USM’s institutions. The additional $15 million will come from outside investors, the state and other venture capital groups.
Companies that are already based in USM research parks, like the one at University of Maryland, Baltimore, and university incubators will also be eligible.