MICA Awarded $600K Grant

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The Maryland Institute College of Art has been awarded a three-year, $600,000 grant from the Philip E. and Carole R. Ratcliffe Foundation to launch the development of Up/Start MICA, a collegewide entrepreneurship initiative that will capitalize on the unique talents of the college’s students and recent graduates.

“We are greatly impressed with president Samuel Hoi’s vision to encourage entrepreneurship among the students and alumni at one of the
nation’s finest arts and design schools,” said James D. Wright, co-trustee of the Ratcliffe Foundation.


MICA will use the funds to establish programming and provide guidance, support, tools and investment resources — of up to $100,000 annually — to students and recent graduates who are looking to grow businesses or launch startups.

This past fall, award-winning business owner and serial entrepreneur Monyka Berrocosa joined MICA as its “entrepreneurship evangelist.” Berrocosa works directly with students and alumni by providing expert business guidance and advice and cultivating resources and relationships to further the reach for these burgeoning ideas.

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