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UMB’s New Ventures Initiative Fosters Commercialization

Innovative science at the University of Maryland, Baltimore is getting an extra boost through an innovative program fueled by UM Ventures called the “New Ventures Initiative” (NVI), which is headquartered in the Lion Brothers Building.  

UMB’s New Ventures Initiative is designed to bring together management expertise, business formation strategy, a physical space, and early-stage capital critical for success for new startups.

The New Ventures Initiative has a team of on staff experts with years of successful business experience as entrepreneurs and in raising capital.  Due to the strength of the team, several new startups have been launched and received seed funding.  And, these new companies are at the forefront of several innovations in healthcare: from developing personalized cellular immunotherapies, to improving minimally invasive surgeries, to developing a novel nanotechnology platform to detect cancer and monitor for mutations.

In addition to business expertise and management, the NVI provides office space in an historic building at 875 Hollins Street in Baltimore. The 1,800-square foot office suite is part of the Lion Brothers Building in the University of Maryland BioPark, and thus allows for direct access to the many services and amenities offered to Park tenants.

Read more via UM Ventures.