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Maryland Department of Commerce Funding to Support Advances in Energy Storage, Materials, Quantum and More
From left: background and battery image by Adobe Stock; computer chip image courtesy of Quantum Starup Foundry, wood image courtesy of Inventwood
Four projects launched from or based at the University of Maryland received more than $2.3 million in grants through a state program aimed at bolstering innovation infrastructure development, Gov. Wes Moore announced Tuesday.
The Maryland Department of Commerce’s Build Our Future Grant Pilot Program awarded a total of $9 million to 11 projects across the state. Two companies founded on UMD research were among the awardees:
Grants were also awarded to quantum technology projects, serving to strengthen the reputation of UMD and the state of Maryland as a hub for quantum research and development:
“I’m so pleased to see that the Maryland Department of Commerce is using these grants to help accelerate innovation and discovery in areas where Maryland is already poised to be a leader and to spur significant economic development,” said Gregory F. Ball, vice president for research. “This support will undoubtedly help us continue our momentum in areas such as quantum technology, battery research and manufacturing, as well as the development of innovative new materials.”
The Build Our Future Grant Pilot Program—part of the Governor’s Innovation Economy Infrastructure Act of 2023—provides grants of up to $2 million to private companies, nonprofit entities, local governments, or colleges and universities. Eligible industry sectors include advanced manufacturing, aerospace, agriculture, artificial intelligence, biotechnology, blue technology, cybersecurity, defense, energy and sustainability, life sciences, quantum, and sensors and robotics.
Chemical and Biomolecular Engineering Materials Science and Engineering Quantum Science Research
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