An Effective Model for University-Industry Research Collaboration

An Effective Model for University-Industry Research Collaboration

Joseph Naft (University of Maryland, USA)
DOI: 10.4018/978-1-4666-8487-4.ch010
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Abstract

This chapter describes the Maryland Industrial Partnerships (MIPS) program, its genesis, operations, record, and impact. Founded in 1987, MIPS provides funding, matched by participating companies, for university-based research projects that help Maryland companies develop new products. Startup companies find the program attractive in leveraging their scarce resources in a non-dilutive, non-debt manner and effective in enlisting expert faculty and students in developing their company products. The State of Maryland finds the MIPS program attractive because of its significant economic impact and its high-multiple return of tax dollars to the State. The University System of Maryland faculty have embraced the program for the industry collaborations created and research funding provided. The effectiveness of the MIPS program is greatly enhanced by Maryland's robust innovation and entrepreneurship ecosystem built up over decades, a build-up whose acceleration coincided with the 1983 creation of MIPS' parent organization, now known as the Maryland Technology Enterprise Institute.
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Background

Mission

The mission of the Maryland Industrial Partnerships program is to support the creation of long term, technology-based, sustainable jobs in Maryland. MIPS accelerates the commercialization of technology in Maryland by jointly funding collaborative R&D projects between Maryland companies and the faculty and graduate students of Maryland’s public universities: the University System of Maryland, plus Morgan State University and St. Mary’s College of Maryland.

MIPS provides funding, matched by participating companies, for university-based research projects that help companies develop new products. MIPS and company funds both go to the university researchers. Although MIPS works with all of Maryland’s public universities, it is situated within the Maryland Technology Enterprise Institute of the A. James Clark School of Engineering at the University of Maryland College Park. (See Figure 1)

Figure 1.

The flow of the MIPS process

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