The University System of Maryland recently named a leader for its early stage investment fund that is seeking to back early-stage startups.

On July 24, David Wise began as director of the Maryland Momentum Fund.

Initially announced last year and launched in March, the fund is seeking to provide early-stage capital that can help develop startups that launch out of research and inventions that originate at state universities. Startups working at USM-affiliated incubators or other facilities such as the University of Maryland BioPark in Baltimore are also eligible, as well as those founded by Maryland grads.

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