Gov. Martin O’Malley celebrated passage of Innovate Maryland on Friday, touting the program as a critical piece in the funding pipeline that funnels discoveries from the laboratory to the marketplace.
The goal of Innovate Maryland is to commercialize 40 discoveries every year through a partnership between the state and its research universities.
Maryland will kick in $5 million and Johns Hopkins University; Morgan State University; University of Maryland, Baltimore; University of Maryland, Baltimore County and University of Maryland, College Park have agreed to contribute up to $200,000 each to help researchers take their ideas to market.
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