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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.

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