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 Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik

nachricht Preferential trade agreements enhance global trade at the expense of its resilience
17.02.2017 | International Institute for Applied Systems Analysis (IIASA)

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: A Challenging European Research Project to Develop New Tiny Microscopes

The Institute of Semiconductor Technology and the Institute of Physical and Theoretical Chemistry, both members of the Laboratory for Emerging Nanometrology (LENA), at Technische Universität Braunschweig are partners in a new European research project entitled ChipScope, which aims to develop a completely new and extremely small optical microscope capable of observing the interior of living cells in real time. A consortium of 7 partners from 5 countries will tackle this issue with very ambitious objectives during a four-year research program.

To demonstrate the usefulness of this new scientific tool, at the end of the project the developed chip-sized microscope will be used to observe in real-time...

Im Focus: Giant Magnetic Fields in the Universe

Astronomers from Bonn and Tautenburg in Thuringia (Germany) used the 100-m radio telescope at Effelsberg to observe several galaxy clusters. At the edges of these large accumulations of dark matter, stellar systems (galaxies), hot gas, and charged particles, they found magnetic fields that are exceptionally ordered over distances of many million light years. This makes them the most extended magnetic fields in the universe known so far.

The results will be published on March 22 in the journal „Astronomy & Astrophysics“.

Galaxy clusters are the largest gravitationally bound structures in the universe. With a typical extent of about 10 million light years, i.e. 100 times the...

Im Focus: Tracing down linear ubiquitination

Researchers at the Goethe University Frankfurt, together with partners from the University of Tübingen in Germany and Queen Mary University as well as Francis Crick Institute from London (UK) have developed a novel technology to decipher the secret ubiquitin code.

Ubiquitin is a small protein that can be linked to other cellular proteins, thereby controlling and modulating their functions. The attachment occurs in many...

Im Focus: Perovskite edges can be tuned for optoelectronic performance

Layered 2D material improves efficiency for solar cells and LEDs

In the eternal search for next generation high-efficiency solar cells and LEDs, scientists at Los Alamos National Laboratory and their partners are creating...

Im Focus: Polymer-coated silicon nanosheets as alternative to graphene: A perfect team for nanoelectronics

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are less stable. Now researchers at the Technical University of Munich (TUM) have, for the first time ever, produced a composite material combining silicon nanosheets and a polymer that is both UV-resistant and easy to process. This brings the scientists a significant step closer to industrial applications like flexible displays and photosensors.

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

International Land Use Symposium ILUS 2017: Call for Abstracts and Registration open

20.03.2017 | Event News

CONNECT 2017: International congress on connective tissue

14.03.2017 | Event News

ICTM Conference: Turbine Construction between Big Data and Additive Manufacturing

07.03.2017 | Event News

 
Latest News

'On-off switch' brings researchers a step closer to potential HIV vaccine

30.03.2017 | Health and Medicine

Penn studies find promise for innovations in liquid biopsies

30.03.2017 | Health and Medicine

An LED-based device for imaging radiation induced skin damage

30.03.2017 | Medical Engineering

VideoLinks
B2B-VideoLinks
More VideoLinks >>>