University of Maryland Startups Resensys, FlexEl Receive $25K Grants from SAIC
Funding Received for Self-Powered Structure Sensors, New Battery Technology
The funding, provided by SAIC for 2008, supports university ventures with promising technologies in alternative energy or threat detection. Funding recipients are required to be enrolled in or enter the Mtech VentureAccelerator Program, which systematically guides faculty and student technology entrepreneurs in starting companies based upon their inventions.
“Early involvement with companies like Resensys and FlexEl via this program provides SAIC with another avenue for exploring promising new technologies that benefit national security and serve citizens,” says
Resensys develops self-powered, wireless, distributed sensors for monitoring structures such as bridges, buildings, and pipelines. Its patent-pending technology, invented by electrical and computer engineering assistant research scientist and alumnus Dr.
FlexEl develops millimeter-thick, high-density, rechargeable batteries made from thin films. Remotely rechargeable, the batteries gather energy from the environment, from sources such as vibrations and existing radio waves. They can even recharge by simply pointing a cell phone at them. FlexEl’s batteries are flexible, meaning they can conform to nearly any shape and act as part of an electronic device’s packaging. They attach to microchips, sensors, RFID chips, and small electronic components. The batteries are comprised entirely of environmentally friendly materials.
FlexEl’s patent-pending technologies were developed by electrical and computer engineering professors Drs.
“Our goal at Mtech is to provide an on-campus support infrastructure enabling faculty and students to commercialize their inventions through entrepreneurship,” says
VentureAccelerator offers faculty and students hands-on assistance with a range of new business processes, including: sound business planning; understanding of markets or customers; proper alignment and timing of efforts; assistance in establishing management teams; and access to capital financing sources.
About the Maryland Technology Enterprise Institute (Mtech) (www.mtech.umd.edu)
The mission of the Maryland Technology Enterprise Institute (Mtech) is tri-fold: educate the next generation of technology entrepreneurs; help entrepreneurs create successful technology-based ventures; and connect