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 How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung

nachricht Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT

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: Traffic jam in empty space

New success for Konstanz physicists in studying the quantum vacuum

An important step towards a completely new experimental access to quantum physics has been made at University of Konstanz. The team of scientists headed by...

Im Focus: How gut bacteria can make us ill

HZI researchers decipher infection mechanisms of Yersinia and immune responses of the host

Yersiniae cause severe intestinal infections. Studies using Yersinia pseudotuberculosis as a model organism aim to elucidate the infection mechanisms of these...

Im Focus: Interfacial Superconductivity: Magnetic and superconducting order revealed simultaneously

Researchers from the University of Hamburg in Germany, in collaboration with colleagues from the University of Aarhus in Denmark, have synthesized a new superconducting material by growing a few layers of an antiferromagnetic transition-metal chalcogenide on a bismuth-based topological insulator, both being non-superconducting materials.

While superconductivity and magnetism are generally believed to be mutually exclusive, surprisingly, in this new material, superconducting correlations...

Im Focus: Studying fundamental particles in materials

Laser-driving of semimetals allows creating novel quasiparticle states within condensed matter systems and switching between different states on ultrafast time scales

Studying properties of fundamental particles in condensed matter systems is a promising approach to quantum field theory. Quasiparticles offer the opportunity...

Im Focus: Designing Architecture with Solar Building Envelopes

Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.

As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Sustainable Water use in Agriculture in Eastern Europe and Central Asia

19.01.2017 | Event News

12V, 48V, high-voltage – trends in E/E automotive architecture

10.01.2017 | Event News

2nd Conference on Non-Textual Information on 10 and 11 May 2017 in Hannover

09.01.2017 | Event News

 
Latest News

Helmholtz International Fellow Award for Sarah Amalia Teichmann

20.01.2017 | Awards Funding

An innovative high-performance material: biofibers made from green lacewing silk

20.01.2017 | Materials Sciences

Ion treatments for cardiac arrhythmia — Non-invasive alternative to catheter-based surgery

20.01.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>