黑料社区

Skip Navigation

UMGC Global Media Center
UMUC Ventures: A New Way of Fulfilling Our Public Mission

Bob Ludwig
By Bob Ludwig

Asst VP, Media Relations

  • UMGC Future

University of Maryland University College is in process of creating a transformative new business model, approved by the University System of Maryland in 2015, that sets the institution on a path to sustainable growth while fulfilling its public mission.聽The foundation of this new model is UMUC Ventures, a 501(c)3 not-for-profit supporting organization created in 2016 to generate new revenue streams that will serve to hold down costs for UMUC students.

Certain non-academic functions of the university are being transferred to UMUC Ventures as subsidiary companies with the potential to generate outside revenue -- with proceeds funding student scholarships. 聽

One example is HelioCampus, launched in January 2016, to continue providing sophisticated data analytics to the university while also marketing its business intelligence products and services to other educational institutions across the country.

A plan is now underway to spin off UMUC鈥檚 technology unit into a second 聽education-enablement company that will be owned by UMUC Ventures. As with HelioCampus, the new company, AccelerEd, will continue to serve UMUC while eventually offering its expertise鈥攆or a fee鈥攖o other education institutions and organizations.

The university is working with the USM Board of Regents, the UMUC Ventures Board of Directors and other stakeholders on this plan.

As this comes to fruition, the university鈥檚 guiding principle is the fair and equitable treatment of the transitioning employees. In fact, every employee of the current UMUC technology team has been offered a position in the new company, with comparable responsibilities, pay, and benefits. No one will be left without a job.

UMUC Ventures represents an important step forward for UMUC, positioning the institution to continue to innovate, grow, and thrive in a highly competitive and ever-changing landscape of adult higher education.

Through the establishment of Ventures and new companies like HelioCampus and AccelerEd, UMUC is creating a new way of fulfilling its public mission of providing an open access, quality education to adult learners in Maryland. Further, these moves exemplify the innovation and agility for which UMUC is renowned. It is a key part of the University鈥檚 strategic plan to ensure long-term stability, innovation and growth that will 聽benefit students.

It is important to note that our academic core will not transition to Ventures.

Contact Us

Our helpful admissions advisors can help you choose an academic program to fit your career goals, estimate your transfer credits, and develop a plan for your education costs that fits your budget. If you鈥檙e a current t 黑料社区 student, please visit the Help Center.

Personal Information
Contact Information
Additional Information
This field is required.
This field is required.
 

By submitting this form, you acknowledge that you intend to sign this form electronically and that your electronic signature is the equivalent of a handwritten signature, with all the same legal and binding effect. You are giving your express written consent without obligation for UMGC to contact you regarding our educational programs and services using e-mail, phone, or text, including automated technology for calls and/or texts to the mobile number(s) provided. For more details, including how to opt out, read our privacy policy or contact an admissions advisor.

Please wait, your form is being submitted.