UMB President Highlights MPower, M-CERSI

University of Maryland, Baltimore (UMB) President Jay A. Perman and other UMB leaders offered a testimony to the Senate Budget and Taxation Committee's Subcommittee on Education, Business and Administration, expressing support of University System of Maryland (USM) Chancellor William E. Kirwan's budget request and Maryland Governor Martin O'Malley's budget.

During his testimony, Perman explained how the USM budget-supported partnership with University of Maryland College Park, MPowering the State, has benefited Maryland's economy.

"Since MPower was launched, technology licensing has grown by nearly 50 percent," Perman said.

Another example of a return on investment in MPower includes the Institute for Bioscience and Biotechnology Research, in which UMB and UMCP partner with the federal government's National Institute of Standards and Technology (NIST) to leverage their collective research strengths to foster integrated, cross-disciplinary team approaches to scientific discovery and education, and to serve the expanding economic base of biosciences and technology in the state of Maryland and the nation. "We are committed to the research economy of Montgomery County and the I-270 Corridor, and also to the surrounding counties," Perman told the subcomittee. In similar fashion, MPower's Center for Excellence in Regulatory Science and Innovation (M-CERSI) works closely with scientists at the federal Food and Drug Administration (FDA) to modernize and improve the way drugs and medical devices are reviewed and evaluated.

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Published March 13, 2014