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. In FY22, UMB executed 38 licenses for technologies invented by its faculty to private companies and spun out 10 new start-up companies.

The President’s Entrepreneurial Fellowship is an initiative designed to give students from UMB and the Smith School of Business hands-on training and experience in commercializing health science discoveries made by UMB faculty. The fellows will work together as an interdisciplinary team to bring several of UMB’s most promising technologies to market.

Program Summary

The fellowship is managed by UM Ventures Baltimore, which is part of the UMB Office of Research and Development. UM Ventures staff, UMB entrepreneurial faculty, and private-sector entrepreneurs will train the fellows to evaluate technologies and market opportunities; identify funding sources and strategic partners; and develop business, legal, and regulatory strategies. The fellows will use this training to help UM Ventures commercialize UMB-owned inventions.

• Applicants must be enrolled in a degree program at the University of Maryland, Baltimore or the Smith School of Business for the duration of the fellowship. Postdocs are not eligible.
• Fellows will work 200 hours — on average 10 hours a week for 20 weeks.
• Approximately 20 percent of this time will be devoted to receiving training and mentoring. The balance of the time will be devoted to working on specific technologies.
• The schedule will be flexible to accommodate coursework and other responsibilities.
• Fellows will be paid a $5,000 scholarship toward tuition.

Applications

• Deadline for Academic Year 2022-23: October 15, 2022
• To apply, students must submit the following documents to VPORD@umaryland.edu.
  • CV
  • Cover letter describing your particular qualifications and interest in the Fellowship
  • At least one faculty recommendation (if you have a mentor/adviser, the recommendation must be from the mentor/adviser)

News Coverage

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