Abell Foundation, USM lead $1.45 million round for local aerospace startup

An aerospace company born out of the University of Maryland, College Park has raised $1.45 million in a round led by the University System of Maryland and the Abell Foundation.North American Wave Engine Corp. is the third startup to receive an investment from the USM Momentum Fund, since its inception in 2016. Abell Foundation and the Momentum Fund are each contributing $350,000 toward the investment round. Other participants in Ron and Cyndi Gula of Gula Tech Adventures and Bill Niland, former&