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COLLEGE PARK, Md. – The University of Maryland has launched a new business development arm to nurture quantum-focused startups. The Quantum Startup Foundry—created through an initial $25 million investment from the university’s newly established Discovery Fund, and with key funding from the state of Maryland—will support new businesses in the quantum technology field.

Fossil fuel energy sources like coal are quickly being overtaken by renewables like solar and wind power when it comes to affordability, offering the prospect of rapid decarbonization of the U.S. and world economy—a shift that could bolster U.S. plans to drastically cut greenhouse gas emissions, a UMD researcher says.(Smokestacks photo by iStock; windmills by John T. Consoli)

AquaLith Advanced Materials has exclusively licensed a portfolio of lithium-ion battery patents from the University of Maryland, College Park (UMD). The technology, which was awarded the UMD's Invention of the Year Award, is based on the work of Prof. Chunsheng Wang, the Robert Franklin and Frances Riggs Wright Distinguished Chair in the A. James Clark School of Engineering at UMD, in collaboration with Kang Xu, the ARL Fellow at the U.S. Army Research Laboratory.