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UMD Launches New Academy for Innovation and Entrepreneurship

January 28, 2013
Contacts: 

Alana Carchedi 301-405-0235

COLLEGE PARK, Md. - The University of Maryland announced today the launch of the Academy for Innovation and Entrepreneurship, a signature initiative to infuse the university with a culture of innovation and entrepreneurship across all colleges and curriculum. The Academy, which will launch in Fall 2013, will include classes, workshops and outside-the-classroom experiences.

Dean ChangThe Academy will be led by Dr. Dean Chang, associate vice president for innovation and entrepreneurship for the University of Maryland, who is charged with coalescing and expanding entrepreneurial activities on campus. Chang previously served as director of the University of Maryland’s Mtech Venture Programs and Technology Advancement Program. In this role, Chang oversaw all of Mtech's award-winning and nationally acclaimed venture creation programs, including the TAP incubator, the VentureAccelerator program, the UM Technology Startup Boot Camp, and other related offerings. Chang has extensive experience working with students on venture creation and incubation and is a strong advocate of preparing students to compete in the 21st century by weaving technology, business and entrepreneurship together.

“The goal of the Academy is to ignite the entrepreneurial spirit throughout campus. We will build on the strong foundation of innovation that already exists and foster new collaborations that leverage diverse strengths,” said Chang. “We want to inspire and empower all our students and faculty to translate their passions and creative ideas into real-world solutions to economic, societal, technological and cultural problems.”

The Academy will be engaging faculty liaisons from each of the 15 Deans; student liaisons from various schools and undergraduate and graduate programs; and a board of visitors.

“The Academy for Innovation and Entrepreneurship will give students all across campus the encouragement and resources they need to explore their innovative ideas, regardless of their course of study,” said Mary Ann Rankin, senior vice president and provost, University of Maryland. “An important aspect of a student’s time at the University of Maryland is not only what they learn in the classroom, but how their experience here reveals pathways and opportunities to make a difference in the world.”

The University of Maryland is a pioneer in educating the next generation of entrepreneurs, creating successful ventures, and connecting Maryland companies with university resources to help them succeed. The university is ranked as one the nation's top schools for entrepreneurship and innovation as a result of 25 years of collaborative effort from the Dingman Center for Entrepreneurship in the Robert H. Smith School of Business and the Maryland Technology Enterprise Institute (Mtech) in the A. James Clark School of Engineering. In 2012, the University of Maryland ranked #14 and #24 in The Princeton Review and Entrepreneur Magazine’s “Top 50 Entrepreneurship Colleges and Business Schools” for its undergraduate and graduate programs, respectively.  In addition, in the spring of 2012, the university celebrated “30 Days of EnTERPreneurship,” awarding more than a quarter million dollars for the best ideas and innovations in technology, business, healthcare, social value, and clean energy.

About the University of Maryland
The University of Maryland is the state's flagship university and one of the nation's preeminent public research universities. Ranked No. 19 among public universities by U.S. News & World Report, it has 27 academic programs in the U.S News Top 10 and 71 in the Top 25. The Institute of Higher Education (Jiao Tong University, Shanghai), which ranks the world's top universities based on research, puts Maryland at No. 38 in the world and No. 13 among U.S. public universities. For the fourth consecutive year, the University of Maryland ranked in the top 10 of Kiplinger's Personal Finance magazine's list of Best Values in Public Colleges for 2012-13. The university has produced six Nobel laureates and seven Pulitzer Prize winners and includes scores of Fulbright scholars and nearly 50 members of the national academies. The university is making entrepreneurship and innovation one of its signature features and is also recognized for its commitment to diversity. For more information about the University of Maryland, visit www.umd.edu.