The University of Maryland announced its Invention of the Year award winners and honored innovators, entrepreneurs, and campus partners at Innovate Maryland, an annual event hosted on April 11, 2019, at The Hotel at the University of Maryland.
This year’s event began with a Startup Showcase and Corprenect pitch competition and was capped off by the first-ever Innovate Maryland After Party, featuring live music, virtual reality demonstrations, food trucks, and tours of Startup UMD, the Capital One Tech Incubator, and We Work.
“This event is a celebration of all the Fearless Ideas being activated by UMD students and faculty to create solutions that can transform lives,” said UMD Chief Innovation Officer Julie Lenzer. "We also gather to recognize recent accomplishments across our innovation ecosystem, the connective tissue that makes all this possible."
Since 1987, the university has honored exceptional inventions that have the potential to make a transformative impact on science, society, and the free market. At the 32nd annual celebration, Vice President for Research Laurie E. Locascio announced that the Office of Technology Commercialization will retire its name and now be known as UM Ventures – College Park.
“This name change is reflective of the university’s expanded efforts to create a seamless environment for the creative output of our research enterprise,” said Locascio.
UM Ventures – College Park surpassed 100 startups in 2018, helped launch 5 new startup companies, issued 15 new licenses, executed 98 new licensing agreements, and processed 181 new invention disclosures. The team also welcomed a new director in 2018, Ken Porter, and added new services to support faculty startups.
After the Invention of the Year awards presentation, Peter Sandborn, director of the Maryland Technology Enterprise Institute, and Alla McCoy, director of startup support for UM Ventures – College Park, presented the UMD Startup of the Year award to IonQ, an early-stage quantum computing company co-founded by Christopher Monroe, Distinguished University Professor and Bice Sechi-Zorn Professor of Physics at the University of Maryland, and Jungsang Kim, professor in the Department of Electrical and Computer Engineering and the Department of Computer Science at Duke University.
Dean Chang, Associate Vice President for Innovation and Entrepreneurship closed the ceremony with the Celebration of Campus Innovators, honoring students from a variety of organizations across campus dedicated to fearlessly pursuing innovative solutions to tough problems locally and across the world.
The UM Ventures – College Park is grateful for the support of its 2019 Innovate Maryland sponsors:
- Carter, DeLuca, Farrell & Schmidt, LLP
- Terrapin Development Company
- Ballard Sparh LLP
- Berenato & White, LLP
- Chesapeake Realty Partners
- Rosenberg, Klein, and Lee
- Shapiro, Gabor and Rosenberger PLLC
- War Horse Cities
- HDC IP Law, LLC
- Hodgson Russ LLP
- Leveque IP Law, P.C.
- Quarles & Brady LLP
- Sterne, Kessler, Goldstein & Fox
- William Beaumont Juneau & Mitchell PLLC
- The Maryland Department of Commerce
And special thanks to:
- Squire Patton Boggs
- Gordon Feinblatt LLC
- Capital One