Posted February 10, 2020
The Daily Record: USM fund invests $350,000 in BioPark med-tech startup
The University System of Maryland Maryland Momentum Fund and the University of Maryland, Baltimore, have invested $350,000 in a medical technology startup, the 11th investment from the fund.
University of Maryland BioPark startup ARMR Systems Inc. was awarded $350,000, the first time a BioPark resident has received an investment from the fund.
The university investments led ARMR’s $750,000 seed round as the advanced tourniquet maker goes through the regulatory process and begins to build out its team.
Read the full story from The Daily Record.