To support our efforts and the client company efforts, BHI works with a supporting network of highly skilled service providers whom share our vision for growing Maryland's biohealth sector. These service providers receive high-quality referrals through working in partnership with BHI, but also understand the nature and needs of startup companies. Our service provider partners are asked to apply flexibility and/or milestone-based discounts to their professional services to our portfolio of client companies.
There is a large gap between disruptive technological innovations in Universities and federal labs and commercially relevant technologies that enter the market. One of the principal reasons for this gap is the absence of resources (entrepreneurs, knowledge base, capital, etc) to facilitate the movement of the technology along the commercialization path.
The Entrepreneur-in-Residence Program at BHI is aimed at ensuring that disruptive technologies receive all the resources that are required to transform the technology from a discovery into a commercially relevant product and eventually have a measurable impact on human health. The program has been created to support scientists, early stage start-ups and licensed technologies to provide them with access to these resources.
Are you an entrepreneur in need of a jump start?
The InvestMaryland Challenge is a national seed and early-stage business competition hosted by the Maryland Department of Business and Economic Development in partnership with Inc. Magazine. The Challenge will award $400,000 in grants and a host of business services to companies in the life sciences and high tech industries. Grants are provided by the Department's Maryland Venture Fund and the BioMaryland Center.
The INNoVATE™ program provides applied training for post-doctoral fellows, research scientists, and other professionals who want to start life science-based companies. The program was launched in 2010 with a 3-year funding grant from the National Science Foundation (NSF). For the 2013 INNoVATE class, the University of Maryland, Baltimore County (UMBC), will offer the program at The Universities at Shady Grove's campus in Montgomery County, Maryland. The program is intended for scientists interested in commercializing biomedical technology. Partners in the program are BioHealth Innovation, Inc. and the Montgomery County Department of Economic Development.