MOMENTUM FUND: The Maryland Momentum Fund is a newly-created mechanism for investing in promising early stage companies associated with the University System of Maryland (USM). Maryland-based companies that are seeking equity financing or debt financing that is convertible into equity may apply. The funding provided by the Fund will normally be in the range of $150K-$250K, with a ceiling of $500K. Recipients of this funding must obtain a matching investment (1:1) within six months, in either direction, from the date of commitment by the Fund.
The next meeting of the Advisory Board will be on September 11, 2017. At the present time all companies that could be considered for funding at the September meeting are already being evaluated by a panel of reviewers. Any companies that apply for funding at this time would be subject to preliminary evaluation by the Momentum Fund staff, but would be eligible for consideration by the Advisory Board in the meeting to be held later this year. In order to make application to the Momentum Fund the company should send an email notification of its intent to David W. Wise, the Director of the Fund, at firstname.lastname@example.org. The company should also log onto the GUST system (https://gust.com) and open a company profile.