Introduction
The
Maryland Industrial Partnerships (MIPS) Program promotes
the development and
commercialization of products and processes through industry/university
research partnerships. MIPS provides matching funds to help
Maryland companies pay for the university research. Projects
are initiated
by the companies to meet their own research and development
goals.
Through
MIPS, Maryland firms have the opportunity to leverage their
research and development funds and gain access to the creative
talents and extensive research base of the University
System of Maryland. MIPS matching grants are awarded on a competitive
basis for projects based on proposals submitted jointly by
Maryland companies and researchers from any of the 13 University
System
institutions.
Amount
Of Awards
The maximum MIPS award for any single project is $100,000 per year for large
and small companies and $90,000 for start-up firms. (See
definitions of business size)
Basic
Concept and Purpose
TYPES
OF PROJECTS
- Research
and Development
The research may be in engineering, computer science,
physical sciences and life sciences.
- Education
and Training
MIPS also supports projects designed to help a company
plan and develop industrial training programs for its employees.
BENEFITS
OF THE MIPS PROGRAM
The
potential benefits of MIPS projects to the state, to its
companies,
and
to the university are many.
Benefits
to
Maryland
businesses:
- cost-effective
research through university partnering;
- companies
can select research capabilities to meet specific requirements;
- easier
access and more efficient transfer of technology from
university to industry;
- student
participants are potential future employees;
- makes
companies more competitive, domestically and internationally.
Benefits
to the State of Maryland:
- helps
create and retain jobs;
- helps
to diversify and strengthen the state economy;
- helps
to improve the state's business climate and to enhance
its
reputation;
- makes
Maryland more attractive to firms outside the state.
Benefits
to University System of Maryland:
- provides
faculty with the opportunity to perform research leading
to new products and
processes;
- helps
to improve university research facilities;
- improves
university academic programs to meet industry needs;
- students
gain experience in industrial environments.
How to Apply
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