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Maryland Innovation Initiative aims to expand beyond five universities, reports $800M in follow‑on funding and 400 sustained jobs
Summary
The Maryland Innovation Initiative told the committee it has awarded about $60 million since 2012, created 400 sustained jobs and attracted roughly $800 million in follow‑on funding; leaders said their priorities include expanding participating institutions and improving industry engagement.
Abhishek ("Abi") Khosreshtha, executive director of the Maryland Innovation Initiative, told the Economic Matters Committee that MII was founded in 2012 by five institutions and has supported technologies from early discovery through commercialization in multiple phases. "We're unique in that we provide grant and investment funding over multiple phases to get technologies first at our universities…
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