Mips Grants Explained

March 13, 1991

The Office of Economic Development will conduct a briefing session on how to apply for a Maryland Industrial Partnerships (MIPS) grant at8:30 a.m. Mar. 20, Room 209-C, Arundel Center North, Glen Burnie.

The MIPS program matches state firms with resources at the University of Maryland to develop new and improved products, services of processes that will help the firms compete in their markets and lead to economic benefit to the state. Firms need not be technology-oriented toqualify.

Since January 1988, 179 matching grants have been awarded for research and development projects performed by University of Maryland faculty in partnerships with local companies. The total value of the projects to date has been $17.56 million with $6.2 million contributed by MIPS and the remainder by the participating firms.

Last year MIPS raised the maximum grant to $70,000 for all firms except start-ups. They also introduced funding of planning and development projects to educate and train industrial personnel.

Three Anne Arundel County companies received MIPS awards last year: NL Technologies Ltd., Associated Enterprises Inc., and Energy Concepts, all of Annapolis.

Registration deadline for the briefing is March 15, 1991.

Information: 222-7410.

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