MEI2 Energy Seed Grant Fact Sheet (2018-2021)
The Maryland Energy Innovation Institute (MEI2) is focused on translating university energy research into new clean energy companies in the State of Maryland and thus simultaneously benefiting our environment and creating high paying jobs to help our State economy. 17 Seed Grant awards have been made to recipients across the University System of Maryland and to Johns Hopkins University. Success rate is dependent upon the number of proposals, but is typically 40% or higher. Previous recipients can be found at: https://energy.umd.edu/grantsawardschallenges
- 17 Seed Grants Awarded (15 Phase I; 2 Phase II)
- Total Funding Awarded by MEI2: $1,587,000.00
- 2 Recipients named to Governor Hogan’s Future 20 list of companies to watch in 2020.
2018:
- 4 out of 10 proposals accepted (40%)
- Over $7.5M in additional funding awarded (federal and private investments) to date
- One company named “most investable startup" by Maryland Department of Commerce
- Multiple patent applications pending
- Over 25 employees hired and incubator space tripled
- Commercial testing of products
- Translated research and fabrication into PPE materials for COVID-19 response effort
- Direct sourcing of materials and supplying materials to advanced manufacturers including Under Armour, Apple and EWI
2019:
- 3 out of 4 proposals accepted (75%) - 1 Phase II proposal
- Large-scale manufacturing and market testing of products ongoing
- Over $10M in additional funding awarded (federal and private investments) to date
- Over 25 employees hired and 20,000 ft2 HQ established for one company
- Patents approved in US and European Union; pending in Japan and Canada
2020
- 6 out of 18 proposals accepted (33%)
- Manufacturing contracts established including discussions with Under Armour and others
- $0.5M in additional funding to date
- 3 patent applications pending
- Commercial markets being pursued include commercial and residential buildings, clothing manufacturers and Maryland farming communities
2021
- 4 out of 6 proposals accepted (66%) - 1 Phase II proposal
- $2M in additional funding to date
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