MIPS Program Impacts

705
Maryland companies have used MIPS to develop products through 1,003 projects

14,000
Current, direct jobs created

27,000
Total jobs supported

$52.7B
Revenue from top MIPS-supported products

63%
Of ALL startups funded by MIPS since 1987 are still in business today

87%
Of MIPS-funded startups still in business five years later

$125M
Annual tax revenues to counties from MIPS companies

$166M
Annual tax revenues to the state from MIPS companies

41 to 1
Cumulative return on investment to the state, per MIPS dollar
MIPS at a Glance
75
COMPETITIVE ROUNDS
506
FACULTY
705
COMPANIES
1,015
INDIVIDUAL PROJECTS
1,455
DIFFERENT CONTRACTS AND AMENDMENTS
2,723
APPLICATIONS RECEIVED
Leading Products Aided by MIPS Projects
Learn about how MIPS projects helped industry-leading Maryland companies develop successful products.
Synagis, by MedImmune/AstraZeneca, Gaithersburg, MD

- MedImmune’s first major product, Synagis, received crucial support from MIPS projects in the early, pre-market days of the company.
- Synagis is a vaccine for RSV.
- Synagis has $18B in total sales to date.
- Bowie State MIPS projects helped secure patents on Synagis.
- UMBC projects helped achieve FDA approval of the Synagis manufacturing process.
- MedImmune was acquired by AstraZeneca for $15.6B and stayed and grew in Maryland.
- AstraZeneca has created 10,000 jobs in Maryland
HughesNet, by Hughes Network Systems, Germantown, MD

- HughesNet is the world's leading broadband by satellite service. Formerly called DirecWAY, DirectPC.
- $31.2B in revenue
- Acquired by EchoStar for $2B
- More than 2 million systems ordered or shipped to customers in 100 countries
- System based on breakthrough algorithms designed by John Baras, UMD Professor, under MIPS funding
Browse
a special collection of successful MIPS projects in the MIPS 30th anniversary commemorative book.