More than $13.1 million in new research professorships have been endowed by the University of Maryland, Baltimore; the University of Maryland, Baltimore County; Johns Hopkins University; the Maryland Institute College of Art; Goucher College; Hood College; and the Maryland Department of Commerce.
The endowments were made through the Maryland E-Nnovation Initiative Fund (MEIF), a state program created to spur basic and applied research in scientific and technical fields at colleges and universities. The schools raised a total of more than $6.6 million in private funding and Maryland Commerce approved matching grants of over $6.5 million to support the endowments.
“Commerce is celebrating Maryland’s innovative businesses and entrepreneurs in 2020, so we’re very pleased to provide our world-class higher education institutions with these awards, which will drive future innovation and economic growth,” said Maryland Commerce Secretary Kelly M. Schulz. “This year, more than ever, we recognize the importance of supporting bold, creative new ideas to help Maryland--and the world--overcome obstacles and thrive.”