The Maryland Momentum Fund provides "gap funding" to companies that, with co-investment, can achieve specific milestones and be positioned for a successful A-round of financing within 12-24 months.
Companies that are not deemed ready for funding may receive support or be connected with other resources and are encouraged to come back when better positioned for the funding.
The Maryland Momentum Fund team keeps applicants up-to-date on the status of their application.
The Momentum Fund strives for a fair, transparent process. Applicants should express any concerns regarding conflicts of interest to the Managing Director or to mdmomentum@usmd.edu.
All companies interested in being considered for the Momentum Fund must complete an application form. Applications are reviewed on an ongoing basis.
Before proceeding, the team verifies applicants meet the funding eligibility requirements.
The Managing Director, and others as appropriate, reviews the company's technology status, product market fit, customer traction, use of funds, competition, intellectual property, partners, exit, and more.
The Momentum Fund team gathers an expert panel to review each application and determine if it should move forward.
Applicants that appear to offer investment potential and have passed due diligence are invited to present to the Momentum Fund Advisory Board.
After the presentation, the Advisory Board may request additional information or due diligence items or set conditions before recommending an applicant to the Executive Committee for investment.
Applicants that are recommended for investment must submit an investment package to the Executive Committee for further discussion and a final decision.
The Momentum Fund Executive Committee finalizes investment with the applicant.