The Maryland Industrial Partnerships (MIPS) Program, an initiative of the Maryland Technology Enterprise Institute (Mtech) at the University of Maryland, has authorized high technology and biotechnology product development grants worth $3.7 million.
The projects combine $2.4 million from participating companies and $1.3 million from MIPS. Funding from the Maryland Department of Natural Resources, Environmental Protection Agency and the Maryland Biotechnology Center supported select MIPS projects.
Grant winners include Differential Dynamics Corp. and Weidong Zhu, professor of mechanical engineering at University of Maryland Baltimore County, who will receive $160,000 to develop a new type of wind turbine with a speed converter and a variable-torque generator that can reduce the failure rate and maintenance cost, harness more energy and reduce unit cost.
This is the 47th round of MIPS funding. The program has supported research projects with more than 450 different Maryland companies since 1987. Projects are subject to final contract negotiations.