Biohealth Innovation
Only in the distorted reality of startups and venture capital would this plan seem daring: Mhelpdesk.com LLC is refusing outside cash, operating lean and scaling with its own revenue.
Instead of holding its hand out to investors, the Dulles-based field-service software startup has opted to pour its efforts into selling, meanwhile leaving their equity intact.
In 2012, Maryland ranked 5th in the number and total value of Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program awards, after California, Massachusetts, Virginia and New York. Maryland firms received 265 awards valued at $94 million. A DBED analysis of SBIR/STTR Phase I and Phase II data shows that the number and value of awards decreased nationally in the last four years, and Maryland followed this trend. Even so, when compared to other states, Maryland consistently ranked within the top five recipients of SBIR/STTR awards in both the number and the dollar value of awards received.
The University System of Maryland is leading a multi-campus effort to bring the unique resources of institutions in the system to address Maryland’s STEM workforce needs. The University of Maryland, College Park in partnership with Northrop Grumman is creating the nation’s first undergraduate multidisciplinary residential cybersecurity honors program. The University of Maryland, Baltimore County (UMBC) is developing a project that connects STEM undergraduates to new career pathways by applying their knowledge to innovation and entrepreneurship, which will begin with a focus on chemistry and link STEM undergraduate education to business, R&D, and innovation.
Montgomery County’s top biotechnology firms will open their doors and their state-of-the-art laboratories next week to local middle school students interested in the life sciences. In a partnership with MdBio Foundation, Inc., and Montgomery College, preeminent local scientists and executives from MedImmune, Qiagen and Emergent BioSolutions will share their expertise and career stories with students from the Young Science Explorers Program (YSEP), a weeklong science workshop for rising seventh and eighth grade students.
Dressed in lab coats and safety glasses, students will get once in a lifetime exposure to local companies and scientists on the leading edge of medical breakthroughs. Topics will range from microbiology and vaccine research to lab safety and potential career paths for science students.
Senator to discuss findings of National Academy of Sciences report she requested on maintaining excellence at American research universities
At 8:00 a.m. on Thursday, June 20, 2013, U.S. Senator Barbara A. Mikulski (D-Md.) will kick off a symposium hosted by the University System of Maryland (USM) and Johns Hopkins University (JHU) to discuss the future of Maryland research and innovation education. Senator Mikulski will discuss the findings of a report by the National Academy of Sciences, Research Universities and the Future of America. Senator Mikulski requested the report to ensure the continued success of America’s research and doctoral education institutions.
The National Research Council has asked major research universities to host regional symposia as a means of giving the report greater national visibility and providing a roadmap for how state and federal governments along with the private sector and research universities can work together to maintain excellence in research, preparing students today for jobs tomorrow.
10/10/2012
3:30 - 5:00pm
William E. Hanna, Jr. Innovation Center
9700 Great Seneca Highway
Rockville, Maryland 20850
The Gateway to Innovation Celebrates its
2nd Anniversary with National Cancer Institute SBIR Programs!
Register for the general program as usual - and send an email request via Contact the Host Button for a one-on-one consultation time to meet with one of the speakers from 2:00-3:00pm. First-come, first-served spots available!
PRESENTERS:
Dr. Amir Rahbar
NCI SBIR Development Center
Deepa Narayanan,
NCI SBIR Development Center
and
Dr. John D.Hewes,
NCI SBIR/Tech Transfer Program
TOPIC:
2 for 1 - National Cancer Institute
SBIR Development Center and NCI SBIR/Tech Transfer Program
Co-Sponsored by:
BioHealth Innovation, Inc.
Harvard University has received a $50 million gift from businessman and alumnus Len Blavatnik to support a major initiative aimed at bridging the “valley of death” — the gap between basic biomedical research and the emergence of new therapies for patients.
The gift from the Blavatnik Family Foundation, slated to be announced Monday, is one of the largest individual gifts to the university in recent years.
8:30 - 9:00 a.m. Registration & Light Breakfast
9:00 - 10:00 a.m.
NHLBI Panel
10:00 - 10:45 a.m.
Investor Perspectives Panel
10:45 - 11:00 a.m.
Coffee Break
11:00 a.m. - noon
Company Showcase
Noon - 1:00 p.m.
Networking Lunch
Gilchrist Hall Auditorium
Johns Hopkins University
9601 Medical Center Drive
Rockville, MD 20850
This conference brings together small businesses, angel investors, venture capitalists, strategic partners, and business leaders from the biotech and pharmaceutical industries. It will feature presentations by top NHLBI SBIR- funded companies with innovative technologies on the brink of commercialization, an expert panel of investors, and opportunities for partnering and networking. Information about the NHLBI Office of Translational Alliances and Coordination, changes in the SBIR/STTR program re-authorization, and other funding opportunities and resources will be presented. NHLBI staff will be available to provide advice to applicants and awardees.
The NHLBI provides global leadership for research, training, and education to promote the prevention and treatment of heart, lung, blood, and sleep diseases and disorders and to enhance the health of allindividuals so that they can live longer and more fulfilling lives.
The investor perspectives panel will feature a distinguished panel of experts from the investor community, including representatives from NEA, Noble BioVentures, MedImmune and the Maryland Biotechnology Center.
Click Here to Register
Click to download Program
The views expressed in these materials or by participants at the event do not necessarily reflect the official policies of the U.S. Department of Health and Human Services, the National Institutes of Health, or its components; nor does the inclusion of trade names/logos/trademarks or references to outside entities constitute or imply an endorsement by any Federal entity.
One big East Coast pharmaceutical firm abandoned work on a hepatitis C drug this week, while another shuttered a young company that had cost it $720 million to acquire. But new ideas continue to burst forth, and investors pitched in $20 million for another hopeful startup.
The Connecticut company that figured out how to make a recombinant flu vaccine is now trying to invent a marketing strategy for it. And in New Jersey, one of the biggest sources of marketing data for drug companies snapped up a startup that helps organize all that information.
1 Church St, Suite 801
Rockville, MD 20850
BioHealth Innovation's headquarters office is located near the Rockville’s bustling town center, adjacent to the Rockville Metro Station on 355/Rockville Pike—only 15 minutes from I-270.
On a recent business trip to China, I was automatically assumed to be an interpreter or assistant because I was helping with communication on both sides. I had to assert myself and remind my colleagues that I, too, had original thoughts to contribute. This small example shines light on the issue of how Asian women are often perceived. We are seen as competent and hard-working, partly due to stereotypes, but not necessarily powerful or influential. In fact, projecting an image of power can invoke some resentment and cause discomfort. A man I once supervised admitted to me that he was not used to having a woman as manager. At least he was honest, which made it easier to work out the problem.
New Enterprise Associates raised the most money of any venture capital firm in 2012.
New Enterprise, headquartered in Chevy Chase and has a Timonium office, raised $2.6 billion last year. That topped the 182 venture capital firms that raised a total of $20.6 billion in 2012, according to Thomson Reuters and the National Venture Capital Association. That dollar figure was up 10 percent from 2011.
Meanwhile, Chevy Chase’s Global Environment Fund also made the list, raising $18.9 million in 2012.
The information contained in this website and newsletters is for general information purposes only. The information is provided by BioHealth Innovation via its newsletters, but not written or endorsed in any way by BioHealth Innovation unless otherwise noted. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Montgomery County Executive Isiah Leggett will announce the first 10 biotech companies to receive significant investments through the County’s biotech investment tax credit program. The program allows investors receiving tax credits from the State of Maryland to also receive a supplemental payment from the County based on their investments in local biotech companies. The County’s program is modeled after Maryland’s Biotech Investment Tax Credit Program and works in conjunction with it.
Leggett will join other local and state elected officials, local biotech company executives and representatives from the Montgomery County Department of Economic Development.
If you are an emerging advanced technology, life sciences or professional services company or a foreign business looking for a soft landing in the U.S. market, the Business Innovation Network of Montgomery County, Maryland has the perfect place for you. The Innovation Network business incubators are located throughout Montgomery County adjacent to Washington, D.C. with its talented workforce and strategic access to the federal and commercial marketplace, all in a sophisticated, diverse community. The Network was founded by the Montgomery County Department of Economic Development in 1999 with the opening of the Shady Grove Innovation Center and specializes in helping young companies realize their potential. Since its inception the Business Innovation Network has worked with over 250 teams of entrepreneurs and graduated about 100 companies. Over the last 10 years the Network has grown to five business incubation centers that offer the critical combination of highly flexible, modern office and lab space and business support services.
A Compelling Opportunity
The BioHealth Capital Region has unmatched biohealth assets from iconic federal institutions, world-class universities, top-notch healthcare facilities, and global and emerging bioscience companies. However, we have yet to fully realize the return on investment from these assets. This is largely due to the lack of a cohesive strategy in moving ideas from labs to the market. While other regions with far less assets have proactively addressed this opportunity by creating innovation-driven economic development organizations and initiatives. It is time central Maryland started to close this gap, and it is BioHealth Innovation’s mission to complete.
What does BHI do?
BHI sources and evaluates market-relevant biohealth intellectual properties, connects the IP with funding, and assists businesses in marketing and growth. It aims to:
- Increase the flow of private and public early stage capital;
- Develop an active commercialization talent network;
- Facilitate accelerated tech transfer and commercialization of relevant innovations;
- Market and brand the region as a global biohealth leader; and
- Ensure an adequate supply of experienced biohealth entrepreneurs and workers.
Vision
Within five years, BioHealth Innovation (BHI) will be a catalyst to transform the BioHealth Capital Region into a leading global BioHealth entrepreneurial and commercialization region.
Mission
BioHealth Innovation connects market relevant research assets to appropriate funding, management and global markets to facilitate the development of commercially viable biohealth products and companies.
Value Proposition
BHI 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.
Contact: Rich Bendis, President & CEO, This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
General Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it., 301-637-7950
BioHealth Innovation Inc. | 1 Church St, Suite 801, Rockville, MD 20850
Starting Tuesday, entrepreneurs in Maryland are being urged to meet some people getting off a bus.
It’s not just any bus. It’s a bus that organizers say can help entrepreneurs take their businesses to another level.
Called “Pitch Across Maryland,” a group of entrepreneurs, investors and others will be on the bus and will dispense advice to representatives of fledgling businesses. They will listen to business owners pitch their ideas, with the best ones getting a chance for national exposure and prizes.
The campaign by Startup Maryland, the local offshoot of the Startup America Partnership that formed last year, kicks off Tuesday with a meeting in Howard County. Kevin Plank, founder and CEO of Baltimore sports apparel company Under Armour, is a member of national group’s board of directors, along with former NBA great Magic Johnson, computer giant CEO Michael Dell and top executives with FedEx, Netflix and LinkedIn.
Coming soon...
