The TERP startup lab will aid entrepreneurs complete the startup process in addition to helping in more advanced facets, such as prototype development.

Said Dean Chang, a school director: “TERP Startup Lab provides entrepreneurs with a real business address, access to prototyping tools and equipment to get a proof-of-concept working, shared meeting rooms and other business office necessities, and perhaps most importantly, an opportunity to connect with and bounce ideas off of other startup lab entrepreneurs at similar early stages for their new ventures.”

The 700 square foot lab was partially funded by Science Applications International Corporation, a company that provided $35K towards the project.

To apply for the TERP startup lab or to simply learn more, visit startuplab.umd.edu.

TERP Startup Lab (Image: umd.edu screen shot)

Post from: EveryJoe

University of Maryland Unveils Startup Lab