HYATTSVILLE, Md. — The University System of Maryland has named business innovator David W. Wise as director of the Maryland Momentum Fund, a $25 million fund to support startups formed within the system’s 12 institutions and its incubators. He joined USM on July 24.
In his most recent position, Wise was CEO of Pharos Biologicals LLC, a company involved in preclinical and early stage clinical work on advanced DNA vaccines and vaccine delivery technologies. He is the retired CEO of the Genetics & IVF Institute in Fairfax, Va., an international women’s healthcare company with operations in both the United States and China.
In 2014, Wise decided to shift the focus of his career to helping develop the innovation economy in Maryland. As director of the MMF, he will be responsible for review and due diligence of proposals, and recommendations on investments by the fund.
Wise earned a Master of Arts degree in law and diplomacy from The Fletcher School of Law and Diplomacy at Tufts University and a Bachelor of Arts degree from the University of Dayton.