Economic Development
Driving regional economic growth through innovation, workforce development, and strategic partnerships
Catalyzing Economic Growth in Maryland
Bowie State University plays a vital role in the economic development of Prince George's County, the Baltimore-Washington metropolitan region, and the State of Maryland. Through the Technology Transfer and Innovation Office and the Economic Development Office, we work to translate university research into economic opportunities.
Our economic development initiatives focus on technology commercialization, startup formation, workforce development, and building strategic partnerships between the university, industry, and government to create jobs, attract investment, and foster innovation-driven economic growth.
As Maryland's oldest Historically Black College/University (HBCU), BSU is uniquely positioned to address economic disparities and create pathways to prosperity for underserved communities throughout the region.
Our Economic Impact
BSU contributes to regional prosperity through multiple channels
We facilitate the transfer of university innovations to the marketplace through licensing, startup formation, and industry partnerships, creating new businesses and job opportunities.
- •Patent portfolio and licensing revenue
- •University-based startup companies
- •Industry-sponsored research projects
BSU educates and trains the next generation of innovators, entrepreneurs, and skilled professionals to meet the evolving needs of Maryland's economy.
- •STEM education and research training
- •Entrepreneurship and business programs
- •Industry partnerships and internships
We partner with local businesses, government agencies, and community organizations to address economic challenges and create inclusive growth opportunities.
- •Small business development support
- •Community education programs
- •Economic inclusion initiatives
Strategic partnerships with industry leaders create research opportunities, provide student experiences, and drive technological advancement in key sectors.
- •Sponsored research agreements
- •Technology development contracts
- •Collaborative research facilities
We cultivate an entrepreneurial ecosystem that supports innovation, startup formation, and business growth through mentorship, resources, and connections.
- •Business incubation services
- •Investor and mentor networks
- •Entrepreneurship competitions
BSU contributes to the economic vitality of Prince George's County and the broader Baltimore-Washington region through direct spending, employment, and regional initiatives.
- •Local employment and procurement
- •Regional economic partnerships
- •Infrastructure and development projects
Strategic Initiatives
Programs driving economic development and innovation
The Maryland Innovation Initiative provides funding to support the development and commercialization of promising technologies emerging from Maryland universities. BSU researchers can access these resources to advance their innovations toward market readiness.
Through MII, we help bridge the gap between early-stage research and commercial viability, enabling technologies to attract investment and create economic impact.
This initiative provides resources, mentorship, and support specifically designed to help HBCU students and faculty launch and grow successful businesses. We focus on addressing systemic barriers to entrepreneurship and creating pathways to economic opportunity.
Through partnerships with corporations, government agencies, and community organizations, we provide access to capital, expertise, and networks that enable entrepreneurial success.
Our accelerator program provides intensive support for promising technologies with high commercial potential. Selected projects receive dedicated resources, expert mentorship, and connections to industry partners and investors.
The program includes workshops on business development, IP strategy, fundraising, and market entry, preparing innovations for successful commercialization.
This program matches BSU researchers with industry partners seeking innovative solutions to technical challenges. Companies gain access to cutting-edge research capabilities and talent, while researchers secure funding and real-world applications for their work.
Partnerships can range from short-term consulting to multi-year collaborative research agreements, creating sustained economic value for all parties.
Economic Impact by the Numbers
BSU's contribution to regional economic development
Annual Regional Economic Impact
Graduates Entering Workforce Annually
Annual Research Expenditures
Active Industry Partnerships