Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Novel Incubator Arrangement Draws Substantial Chinese Investment

21.10.2009
A novel arrangement with the Chinese government is bringing a half dozen high-tech companies to Maryland, and more may follow. The University of Maryland-China Research Park – a one-stop gateway for Chinese technology companies to set up operations in Maryland – is the only such U.S. effort by the Chinese Ministry of Science and Technology, and one of only five in the world.

The facility has just opened as the largest tenant in the new Maryland International Incubator, a joint project of the University of Maryland and the state Department of Business and Economic Development (DBED). The Incubator is designed to spur economic growth, bring foreign investment to Maryland and ultimately create jobs in the state. http://www.mii.umd.edu/

Six of the seven tenants in the Incubator are Chinese. The other is British. Efforts are underway to recruit additional international tenants. http://www.mtech.umd.edu/mi2/companies.html

The Incubator “will undoubtedly create jobs,” said University of Maryland President C.D. Mote, Jr. at the recent dedication of the China Research Park. Mote was joined by Chinese Minister of Science and Technology Wan Gang, DBED Secretary Christian Johansson and Maryland Secretary of State John McDonough.

“The State of Maryland already has a significant presence in the global market, but this research park is another boon to the State’s efforts to enhance the economy,” Mote continued. “The Park can house 10 to 25 company start ups, which will likely stay in Maryland, and further stimulate the growth of high-wage, high-knowledge jobs.”

Incubator tenants get office space and a base for their development operations, proximity to talent and research facilities at the University and vital services from the facility’s operator, UM’s Mtech, the Maryland Technology Enterprise Institute. http://www.mtech.umd.edu/

Currently, the facility offers 7,500 square feet of office space.

High-tech firms frequently seek locations close to a major research university to benefit from its expertise and talent. The Incubator encourages research collaboration in such areas as health care, environment, agriculture, energy and fire protection, officials say, and describe it as a “launching point for successful ventures.”

The new incubator is part of Governor O'Malley’s new Maryland International Growth Strategy – a broad effort to help foreign companies expand their operations into Maryland.

DBED Secretary Christian Johansson says that the Incubator represents an important elements of this strategy. “Maryland represents an ideal location from which foreign companies can base their forays in the world’s largest market,” Johansson added.

The University of Maryland plays a leadership role in the state’s growth as one of the premier centers for research and technology in the nation. The University is rapidly increasing its visibility and impact and is now ranked among the top 20 national public research universities by U.S. News & World Report. http://www.umresearch.umd.edu/misc/welcome.html

The Maryland Technology Enterprise Institute (Mtech) educates the next generation of technology entrepreneurs; help entrepreneurs create successful technology-based ventures; and connects companies with University resources to help them succeed. Founded in 1983, Mtech has had a $19.6 billion cumulative impact on the Maryland economy through its programs. Mtech is a unit of the A. James Clark School of Engineering at the University of Maryland.

Neil Tickner | Newswise Science News
Further information:
http://www.umd.edu
http://www.mii.umd.edu/
http://www.mtech.umd.edu/mi2/companies.html

More articles from Business and Finance:

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Can we see monkeys from space? Emerging technologies to map biodiversity

An international team of scientists has proposed a new multi-disciplinary approach in which an array of new technologies will allow us to map biodiversity and the risks that wildlife is facing at the scale of whole landscapes. The findings are published in Nature Ecology and Evolution. This international research is led by the Kunming Institute of Zoology from China, University of East Anglia, University of Leicester and the Leibniz Institute for Zoo and Wildlife Research.

Using a combination of satellite and ground data, the team proposes that it is now possible to map biodiversity with an accuracy that has not been previously...

Im Focus: Climate satellite: Tracking methane with robust laser technology

Heatwaves in the Arctic, longer periods of vegetation in Europe, severe floods in West Africa – starting in 2021, scientists want to explore the emissions of the greenhouse gas methane with the German-French satellite MERLIN. This is made possible by a new robust laser system of the Fraunhofer Institute for Laser Technology ILT in Aachen, which achieves unprecedented measurement accuracy.

Methane is primarily the result of the decomposition of organic matter. The gas has a 25 times greater warming potential than carbon dioxide, but is not as...

Im Focus: How protons move through a fuel cell

Hydrogen is regarded as the energy source of the future: It is produced with solar power and can be used to generate heat and electricity in fuel cells. Empa researchers have now succeeded in decoding the movement of hydrogen ions in crystals – a key step towards more efficient energy conversion in the hydrogen industry of tomorrow.

As charge carriers, electrons and ions play the leading role in electrochemical energy storage devices and converters such as batteries and fuel cells. Proton...

Im Focus: A unique data centre for cosmological simulations

Scientists from the Excellence Cluster Universe at the Ludwig-Maximilians-Universität Munich have establised "Cosmowebportal", a unique data centre for cosmological simulations located at the Leibniz Supercomputing Centre (LRZ) of the Bavarian Academy of Sciences. The complete results of a series of large hydrodynamical cosmological simulations are available, with data volumes typically exceeding several hundred terabytes. Scientists worldwide can interactively explore these complex simulations via a web interface and directly access the results.

With current telescopes, scientists can observe our Universe’s galaxies and galaxy clusters and their distribution along an invisible cosmic web. From the...

Im Focus: Scientists develop molecular thermometer for contactless measurement using infrared light

Temperature measurements possible even on the smallest scale / Molecular ruby for use in material sciences, biology, and medicine

Chemists at Johannes Gutenberg University Mainz (JGU) in cooperation with researchers of the German Federal Institute for Materials Research and Testing (BAM)...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Plants are networkers

19.06.2017 | Event News

Digital Survival Training for Executives

13.06.2017 | Event News

Global Learning Council Summit 2017

13.06.2017 | Event News

 
Latest News

Quantum thermometer or optical refrigerator?

23.06.2017 | Physics and Astronomy

A 100-year-old physics problem has been solved at EPFL

23.06.2017 | Physics and Astronomy

Equipping form with function

23.06.2017 | Information Technology

VideoLinks
B2B-VideoLinks
More VideoLinks >>>