Monthly Archives

March 2017

The University System of Maryland is establishing a $25 million fund to support startups – The Diamondback

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The University System of Maryland announced this month the launch of its Maryland Momentum Fund, which will provide $25 million to support startups formed within the system.

The university system has already committed $10 million to the initiative, and is working alongside the University of Maryland, Baltimore County as well as UM Ventures — a joint research and innovation program between this university and the University of Maryland, Baltimore — to obtain the remaining $15 million from local venture capitalists and angel investors, said Julie Lenzer, UM Ventures co-director.

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Maryland Tech Council

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We are a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. On December 30, 2016, the Tech Council of Maryland and the Chesapeake Regional Tech Council merged to create the Maryland Tech Council (MTC). We are the largest technology trade association in the state of Maryland with over 600 members and we provide value by giving them a forum to learn, share, and connect. The valuable resources we provide to our members help them reach their full potential as vital members of their communities.


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TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace and to assist in the creation and growth of technology-based businesses in all regions of the State.

TEDCO is an independent organization that strives to be Maryland’s lead source for entrepreneurial business assistance and seed funding for the development of startup companies in Maryland’s innovation economy.

Virginia Bio

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The Virginia Biotechnology Association, formed in 1992, is the premier statewide non-profit trade association representing the life sciences industry in the Commonwealth of Virginia. More than 200 member organizations have joined forces to make Virginia Bio an effective advocate for the biopharmaceutical and device industries before federal, state and local policy-makers. Virginia Bio is the official state affiliate of the Biotechnology Innovation Organization (BIO), in Washington, D.C.

Center for Innovation Technology

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The Center for Innovative Technology (CIT) creates technology-based economic development strategies to accelerate innovation, imagination and the next generation of technology and technology companies. Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum – commercialization and seed funding – as it helps entrepreneurs launch and grow high-growth technology companies and create high-paying jobs for the future. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. Lastly, CIT builds the infrastructure for new innovation economies with expert broadband strategies.

BioHealth Innovation

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BioHealth Innovation is a regional innovation intermediary that accelerates and facilitates technology transfer and commercialization of market-relevant research in federal labs, universities, and biohealth companies in the Region.  It is a private-public partnership in the form of a 501 (c)(3) nonprofit that connects the Region’s innovation assets to provide integrated technical knowledge, financial means and entrepreneurial/managerial expertise to turn promise into prosperity for the region while advancing human health.

BHI will accomplish its mission by building an entrepreneurial ecosystem, working directly with federal and academic technology transfer offices, making various types of risk capital readily available to promising biohealth startups, strengthening and connecting the local supply of industry talent, developing a regional brand and reputation, and advocating for improved business and regulatory conditions in the industry.

Genealogies of Central Maryland BioHealth Companies

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As the 21st century dawned, Maryland Technology Development (TEDCO) and the Maryland Department of Business and Economic Development (DBED) commissioned a set of studies – published in 2002 and 2004 – of the “genealogies,” or family histories, of companies in the bioscience, medical instruments, and bio/medical/health informatics sectors.1 Marsha Schachtel, current Principal of MRBS LLC, and her graduate student research assistants at the Johns Hopkins Institute for Policy studies undertook the work. This report summarizes an analysis of a recent update by MRBS LLC of these inventories.

At the midpoint of the second decade of the 21st Century, the seed corn in Maryland’s research institutions remains at healthy levels. The rates at which it has been drawn down and planted and nurtured successfully have accelerated. The investments in new eco-friendly fertilizers such as mentors and growth accelerators have paid off. The new crop of biohealth companies is thriving.

Central Maryland BioHealth Innovation Index

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The Economic Alliance of Greater Baltimore and BioHealth Innovation Inc. are pleased to present this BioHealth Innovation Index for Central Maryland. This Index report was developed to assess and articulate the performance of the BioHealth industry sector contributing to the region’s world-class innovation economy. The Index is a comprehensive analysis that examines the region’s strengths along with those areas which present opportunity for economic growth.

Innovation is a dening feature of economic growth in the modern economy. Indeed, one of the fundamental facts of innovation-based growth is that it is possible most anywhere when fostered with patience and creativity. Innovation comes in many forms and occurs differently in markets throughout the world. It is a fundamental element of social progress and economic growth, and is only possible thorough our quest for knowledge and our willingness to collaborate and share experiences.

Virginia Bio

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Virginia Bio is your connection to life science innovators, investors, policymakers and emerging talent within the state.  On our website, you’ll find exciting industry news and up-to-date information on ongoing research, bioscience and supporting companies, job opportunities, and events .  Whatever your needs, Virginia Bio is here to connect you with members of the innovative bio community across the commonwealth.

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