Mtech Impact Report 2010

Page 1

2010

Impact Report MARYL AND TECHNOLOGY ENTERPRISE INSTITUTE

Educate, Create, Connect Mtech Impact Economic Impact:

$25.7 billion Jobs:

5,306 2010 Entrepreneurship Courses:

30

MIPS Product Revenue:

$21.6 billion 2010 Entrepreneurship Course Enrollments:

1,244

Companies Served by Mtech Programs in 2010:

368

More impact, page 2

Martek Becomes Second Mtech Company Sold for More Than $1 Billion in Three Years Successes Validate Mtech’s Comprehensive Entrepreneurship Ecosystem Martek Biosciences, a company that launched leveraging Maryland Technology Enterprise Institute (Mtech) programs at the University of Maryland, entered an agreement on December 21 to be acquired by the Dutch company Royal DSM NV for $1.1 billion, the companies jointly announced. Martek is the second company sold for more than $1 billion in the past three years that made extensive use of Mtech’s venture-building and biotechnology programs during its early stages. Digene Corporation was acquired by Qiagen NV for $1.6 billion in 2007. Martek is a leader in the innovation, development, production and sale of high-value products from microbial sources that promote health and wellness through nutrition. The company’s flagship product is life’sDHA™, a sustainable and vegetarian source of algal docosahexaenoic acid (DHA) important for brain, heart and eye health throughout life for use in infant formula, pregnancy and nursing products, foods and beverages, dietary supplements and animal feeds. In addition to Mtech’s Technology Advancement Program (TAP) incubator, Martek took advantage of Maryland Industrial Partnerships (MIPS) funding during the company’s early stages to figure out how to scale-up its microbial processes through Mtech’s Bioprocess Scale-Up Facility (BSF), which helps companies take bench-top or lab-produced products and prepare them for mass production. Continued, Page 4

Maryland Technology Enterprise Institute, A. James Clark School of Engineering, University of Maryland


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.