The Maryland E-Nnovation Initiative Fund Authority will allocate matching funds to a nonprofit institution of higher education ("NPIHE") for a research endowment plan ("REP"). Grant funds will be expended to further basic and applied research in scientific and technical fields of study as specified by the bill and as determined by the Maryland E-Nnovation Initiative Fund Authority.
The Research Endowment Plan is intended to provide the Authority with an explanation of the NPIHE’s comprehensive research objectives and plans to build competitive research infrastructure in the specified scientific and technical fields of study designated by the Authority in the regulations for the Program, as well as comprehensive measures for achieving this goal.
For information about proposal evaluation criteria, see: https://commerce.maryland.gov/Documents/FinanceDocument/maryland-e-nnovation-initiative-program-application.pdf#page=8
The Authority will rank REPs that contemplate the pursuit of purely entrepreneurial activities higher in the evaluation process than a research endowment plan that is mostly or solely focused on research activities. A research endowment plan that includes a mix of both entrepreneurial and research activities will be ranked somewhere in the middle.
Estimated Total Program Funding: