BETHESDA, Md. March 17, 2022 – UMUC Ventures, an innovative business model for higher education, is pleased to announce that it has officially changed its name to UMGC Ventures. This move comes as a result of a broader name change for the University of Maryland Global Campus (UMGC), which has also retired the former University of Maryland University College (UMUC) brand.
UMGC Ventures carries forward the UMGC tradition of educational innovation and academic excellence. Our unique business model combines higher education expertise, technology innovation, and business-to-business relationships, while never forgetting our mission: to ensure that high-quality education is available and affordable for adult learners everywhere.
“Educational institutions have unique and rapidly evolving operational needs that require specialized, agile, and inventive thinking,” said Wendy Colby, CEO of UMGC Ventures. “UMGC Ventures brings to market the kind of innovative and proven enterprise solutions that support high-quality, industry-leading global education delivery. We are proud of our heritage servicing UMGC, and other partner institutions, to promote innovative approaches for delivering accessible, affordable, high-quality education for students.”
Wendy Colby, CEO of UMGC Ventures
UMGC Ventures is an innovative business model for higher education that funds, develops, and launches new innovative ventures that help higher education institutions compete more effectively in an era of rapid change. UMGC Ventures is a nonprofit, 501(c)(3) supporting organization created by University of Maryland Global Campus to help build the university’s endowment to maintain the affordability of a high quality UMGC education for adult learners in Maryland and around the world. To learn more about UMGC Ventures, visit UMGCVentures.org.