BHI interacts with companies and technologies at various stages in the biohealth industry from the results of basic research to companies currently selling products in the market. At these multiple levels of maturity, BHI evaluates whether the organization can help progress the scientist, inventor, entrepreneur, and/or business manager to support the growth of the entity. We have a dedicated co-working space at our headquarters in Rockville where we support client companies with the goal of progressing the business model for the company.
The BHI SBIR/STTR Federal Funding Assistance Program offers biohealth companies support in preparing applications for federal funding inclusive of SBIRs, STTRs, and other federal government awards. Companies submit their federal funding concepts and receive pre-proposal feedback to help troubleshoot and strengthen your application. Further support from professional consultants and service providers is available to assist in improving your application.
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.
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.
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.
Click below to view the finalists!