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MIPS announces grants to 17 tech teams

The Maryland Industrial Partnerships (MIPS) program, an initiative of the Maryland Technology Enterprise Institute (Mtech) in the A. James Clark School of Engineering at the University of Maryland, College Park, said it awarded $3.8 million to 17 teams combining Maryland companies with university researchers to bring technology products closer to market.

MIPS, a technology acceleration program, grants money matched with company funds to faculty engaged in each project.

For this round of funding, companies are contributing $2.3 million and MIPS $1.5 million to the jointly funded projects.

The Maryland Department of Natural Resources and the Environmental Protection Agency provided additional funding.

For information on the grant recipients, go to http://www.mtech.umd.edu/.