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.
Applications to the Momentum Fund are reviewed on an ongoing basis once all of the required information has been received. Recommendations for investments by the Fund are then considered at quarterly meetings of the Fund’s Advisory Board. Companies that are interested in applying for equity investment by the Momentum Fund should contact the Director, David W. Wise, at firstname.lastname@example.org. Once eligibility for funding has been established the company will receive specific directions of the information required in order to begin the review process.