University of Maryland|A. James Clark School of Engineering
Idea Factory Impact Report 2025

Idea Factory Impact

Idea Factory Historical Impact in Three Numbers

$94.8B
Idea Factory's Total Economic impact since 1983
18,992
Jobs created through Idea Factory's Programs
72,000+
Total Students Who Have Gone Through Idea Factory's Education Programs

Cumulative Economic Impact of Idea Factory Programs

Amount
Source
$3.6B
Revenue generated, company acquisitions, investments and contracts by Mtech Ventures companies since 1985
$14.2M
Revenue generated by Chesapeake Bay Seed Capital Fund companies in 2024
$446M
Total funding raised by I-Corps teams
$52.7B
Revenue from top MIPS-supported products
$8B+
Total revenue generated by Idea Factory's education programs
$1B+
Investment raised by Hinman CEOs companies
$10B+
Valuation of Hinman CEOs companies
$18.7B
Major acquisitions of companies whose early stages were supported by MIPS
$383M
Economic impact of Idea Factory's manufacturing assistance programs
$705K
Idea Factory business plan competition prizes awarded
$94.8B
Total

Jobs Created by Idea Factory Programs

Amount
Source
14,000
Current direct jobs created in Maryland by MIPS companies
1,686
Jobs created by I-Corps companies
1,000+
Jobs created in Maryland by Mtech Ventures companies
2,040
Jobs created by Idea Factory's manufacturing assistance programs
214
Jobs created by Maryland Innovation Extension companies
52
Jobs created in Maryland by Chesapeake Bay Seed Capital Fund companies
18,992
Total

Companies Served by Current Idea Factory Programs

Amount
Source
705
Companies participating in the MIPS program
1,360
Teams participating in I-Corps
146
Mtech Ventures incubator companies, both graduate and current
100+
Hinman CEOs companies launched
87
Companies created with help from the Maryland Innovation Extension
12
Companies invested in by the Chesapeake Bay Seed Capital Fund
2,398
Total

Education Impact

$1B+
Investment raised by Hinman CEOs companies
$10B+
Valuation of Hinman CEOs companies
24
Courses offered by Idea Factory
6,000+
Average annual enrollments in Idea Factory's on-campus entrepreneurship courses
100+
Student startups launched by Hinman CEOs
72,000+
Total students who have gone through Idea Factory's education programs
$8B+
Total revenue generated by Idea Factory's education programs

Mtech Impact Report 2025

More Mtech Impact

This report is one chapter. Read the rest of the 2025 Impact Report across the Mtech family.

ASPIRE Program »

Chesapeake Bay Seed Capital Fund

Maryland Industrial Partnerships (MIPS) »

Maryland Technology Enterprise Institute (Mtech) »

Mtech Learning and Development »

Mtech Ventures »

NSF I-Corps Mid-Atlantic Hub »

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XFoundry »

Idea Factory Impact Report 2025

More Idea Factory Impact

This report is one chapter. Read the rest of the 2025 Impact Report across the Idea Factory family.

ASPIRE Program »

Chesapeake Bay Seed Capital Fund »

Maryland Industrial Partnerships (MIPS) »

Idea Factory

You are reading this

Idea Factory Learning and Development »

Mtech Ventures »

NSF I-Corps Mid-Atlantic Hub »

xFoundry »