1. MTECH Technology Entrepreneurship Activities
David Barbe
Maryland Technology Enterprise Institute
University of Maryland
University of Maryland • A. James Clark School of Engineering

2. University of Maryland • A. James Clark School of Engineering
A unit of the Clark School of Engineering
Operates programs that:
Build a robust tech entrepreneurship culture
Support new technology ventures
Strengthen existing companies
University of Maryland • A. James Clark School of Engineering

3. Tech Entrepreneurship Activities
For faculty, graduate and undergraduate students in engineering and science
Comprehensive
Experiential
A variety of entry points
University of Maryland • A. James Clark School of Engineering

4. Program and Activities
VentureCatalyst:
Hinman CEOs Program
Technology Ventures Club
Entrepreneurship graduate course 2002
Technology Startup Boot Camp 2001
Business Plan Competition
VentureAccelerator
Industrial Biotechnology Program 1985
Technology Extension Program (MTES) 1985
Incubator (TAP)
Technology Transfer Program (MIPS) 1987
University of Maryland • A. James Clark School of Engineering

5. Ideas-Culture-Ventures
Students/ Faculty
Young
Firms
Mature
Firms
Hinman CEOs
Entrepreneurship Club
Entrepreneurship Course
Boot Camp
B-Plan Competition
Incubator
Tech Commercialization Program
Technology Extension Service
Biotechnology Program
Ideas Concepts Technologies
Sustainable Ventures
Venture Accelerator
University of Maryland • A. James Clark School of Engineering

6. University of Maryland • A. James Clark School of Engineering
Hinman CEOs Program
100 undergrads, one-half majoring in technical disciplines
Community
Technology
Seminars and Workshops
Entrepreneurship Education
Product Development Projects and Internships
Start companies
University of Maryland • A. James Clark School of Engineering

7. University of Maryland • A. James Clark School of Engineering
Tech Ventures Club
Dynamic forum for engineering and science graduate students to network and explore commercializing ideas and forming ventures
Monthly meetings include start-up workshops, speakers, and networking
Members have opportunity to network with local VCs, service providers, business students and entrepreneurs
University of Maryland • A. James Clark School of Engineering

8. Course: Fundamentals of Technology Startup Ventures
Designed for technical graduate students
Study basic processes of tech company formation and operation
Form into teams
Develop business plans during semester
Present plans to class, instructors and “judges”
Started with Spring offering
demand required Fall offering also
University of Maryland • A. James Clark School of Engineering

9. University of Maryland • A. James Clark School of Engineering
Tech Startup Boot Camp
Kicks off the academic year
250 students and faculty
National and Regional sponsors
National Model
Basic startup processes
Evaluating tech ideas
IP basics and licensing
Legal fundamentals
Building a team
Obtaining financing
Entrepreneur experiences
Presented by experienced VCs, service providers, and tech executives
Networking
University of Maryland • A. James Clark School of Engineering

10. Business Plan Competition
Begins between semesters
exec summaries
Culmination of the academic year
Finals May 7th
$50,000 in prizes raised from sponsors
Select top 16 based on executive summaries
Judging panel selects top six for full plans and presentations
Usually three awards
Networking and mentoring sessions with six finalists and judges/sponsors during the Spring semester
University of Maryland • A. James Clark School of Engineering

11. University of Maryland • A. James Clark School of Engineering
VentureAccelerator
Substantial Hands-on consultation and advice to selected Startups, mostly in the incubator:
Introductions to funding sources
Preparation of presentations and business-plans
Strategic planning
Executive recruitment
Planned Step-by-step processes for new company formation
Managed student e-teams conducting:
Market research
Business planning
Marketing
Financial analysis
University of Maryland • A. James Clark School of Engineering

12. Technology Incubator (TAP)
Early stage incubator offering technical & business assistance, as well as state-of-the-art biotech equipment and modern office facilities
On Campus Outstanding environment
Typically, applicants are spinouts from UMD, large companies and government research organizations
Rigorous Acceptance Process technical and business
Residence for up to four years
University of Maryland • A. James Clark School of Engineering

13. Tech Transfer Program (MIPS)
Major research universities have Technical Expertise and Facilities
Many faculty and graduate students want to see their research results get into products
Faculty and graduate Students working directly with companies is the best form of technology transfer
Proposals authored by faculty and company- Oct, May
Rigorous evaluation process to select most promising projects – technical and commercialization potential
Standard contract: IP and publication rights
Matching funding depending on company size
About one-third of the projects are with startups
Provides the equivalent of seed funding
University of Maryland • A. James Clark School of Engineering

14. University of Maryland • A. James Clark School of Engineering
Some Results
$779M investment in TAP companies
Approximately 1,000 jobs created
47 graduates of TAP program
Two IPOs: Digene and Martek
50% commercialization rate in 430 different MIPS projects
$1.8B revenues
Approximately one new tech startup launched each month on UMD campus
University of Maryland • A. James Clark School of Engineering

15. University of Maryland • A. James Clark School of Engineering
Web Sites
VentureCatalyst:
Technology Ventures Club:
Fundamentals of Technology Startup Ventures course:
Technology Startup Boot Camp:
Business Plan Competition
University of Maryland • A. James Clark School of Engineering