Funding is the foundation of the research and development lifecycle. It enables projects, programs, and initiatives to move from idea to impact by providing the financial resources needed for research, training, clinical work, and commercialization.

Identifying and securing funding requires understanding the types of support available, the eligibility criteria, sponsor expectations, and the tools for finding opportunities. Funding can come in many forms, including federal grants, foundation awards, gifts, or commercialization-focused programs.

What Happens During This Stage

During the Finding Funding stage, researchers may:

  • Identify funding opportunities from federal agencies, foundations, industry, and internal programs
  • Match research ideas to sponsor priorities and eligibility requirements
  • Connect with program officers and institutional support offices
  • Review timelines, submission cycles, and funding mechanisms

Finding Funding Opportunities

UMB provides multiple resources for locating funding. When evaluating opportunities, review eligibility, deadlines, funding limits, project scope, and reporting requirements.

Resource:  FOA Review Worksheet

Grants.gov is the official U.S. government portal for finding and applying for federal grants offered by the 26 federal grant-making agencies. It provides a centralized database of funding opportunities across all federal agencies, with tools to search, track deadlines, and submit applications online.

Pivot‑RP is a comprehensive, searchable database of research funding opportunities. It helps faculty and innovators find grants, fellowships, and awards from federal, foundation, corporate, and international sponsors, track deadlines, and identify potential collaborators.

NIH Guide for Grants and Contracts is the official publication for NIH medical and behavioral research grant policies, guidelines, and funding opportunities. 

Purpose

One of UMB’s top priorities is commercializing innovative technologies discovered by UMB faculty into new therapeutics, vaccines, diagnostics, medical devices, software solutions, and research tools. Successful technology transfer can improve health care around the world and create jobs in Maryland.

The President’s Entrepreneurial Fellowship (PEF) is an exclusive opportunity for students to obtain hands-on training and experience advancing real-world, early-stage business ventures based on discoveries made by UMB faculty.

The interdisciplinary teams engage in a variety of projects to evaluate specific UMB technologies; identify market opportunities, funding sources, and strategic partners; or develop business, legal, and regulatory strategies.

Program Summary

The Fellowship, managed by UM Ventures, Baltimore , is a paid, part-time, and remote opportunity for students from one of UMB’s seven schools and the Robert H. Smith School of Business. In addition to experience, Fellows develop a strong network with each another and the advisors. The PEF program began in 2015 and has trained over 50 Fellows to-date; many alumni have gone on to pursue exciting careers in science, technology, business, healthcare, and law.

Learn more and apply.

In the News

This University of Maryland program brings students inside health startups
May 29, 2019
Technical.ly Baltimore

UM Ventures offers a range of funding programs to support early-stage technologies, from research and proof-of-concept through product development and venture capital.

Explore programs like the Maryland Innovation Initiative, MIPS, SBIR/STTR, and TEDCO Seed Fund, and connect with our Licensing Teams for guidance on the best fit for your project.

  • Trajectory NextTrajectory Next is a 12-week post-accelerator program for digital health, bio-health, and life sciences startups..

  • The Baltimore FundThe Baltimore Fund provides financial incentives to companies affiliated with Maryland Public Higher Education Institutions to locate in a network of innovation centers in Baltimore City.

  • UMCP Fischell Institute (UMB satellite)The UMCP Fischell Institute for Biomedical Devices is opening a satellite location at UMB to accelerate the development of innovative medical devices.

  • Maryland Momentum FundThe University System of Maryland created the Maryland Momentum Fund, a $25 million early-stage investment program investing in USM-affiliated companies. The Maryland Momentum Fund is staffed by UM Ventures.

  • ICTR ATIP GrantThe University of Maryland, Baltimore Institute for Clinical and Translational Research (ICTR) is pleased to announce the first round of UMB ICTR Accelerated Translational Incubator Pilot (ATIP) Grant funding opportunities for 2018-2019.

Learn More at the UM Ventures Website

UM Ventures Initiatives Webpage