Improving your product through research and development may sound a little pricey, but federal and state funding programs can help get your product on track towards commercialization. Check out these resources that take advantage of research conducted at Maryland's many federal and academic research centers.
These organizations provide technical assistance that will help lead your product to market or make it more commercially successful.
- Maryland Technology Enterprise Institute (MTECH)
University of Maryland's MTECH program accelerates new ventures and brings university know-how to Maryland companies. Billion dollar companies such as Martek Biosciences and Digene Corporation graduated from MTECH.
- Maryland Entrepreneurs Resource List (MERL)
Looking for a mentor to bring your product to market? The Maryland Entrepreneurs Resource List provides a list of entrepreneurs who are available to mentor or provide leadership to early stage companies or other MERL entrepreneurs based on their experience.
- Maryland Manufacturing Extension Partnership (MD MEP)
Manufacturers: Get Lean. Get Innovative. Maximize Profits. Maryland MEP provides business growth services to help increase manufacturing companies revenues and top line; and operational excellence services to improve manufacturers overall performance, efficiency and profitability.
- Maryland Technology Development Corporation (TEDCO)
TEDCO brings innovations from universities and federal labs into the state's economy by facilitating technology transfer to the private sector. The organization also provides emerging technology companies and university researchers with seed funding and technical assistance.
- Maryland Rural Business Innovation Initiative (RBI2)
RBI2 assists start up and small technology-based businesses in the rural areas of Maryland to advance the company to a higher level of success. The program offers professional ongoing mentoring and targeted projects to help companies succeed at no cost to the company.
Federal Technology Transfer Partners
If you're an innovative small business looking to commercialize, there are two important programs you need to know about that are administered by the SBA Office of Technology. Through the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs, SBA encourages small businesses to bring their products to market and profit from commercialization. The STTR program alone awarded $2 billion to small high-tech businesses.
Many federal agencies in Maryland have offices dedicated to working with small businesses for their research and development needs through the STTR/SBIR programs: