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Maryland General Assembly passes legislation to create TEDCO Equitech fund – BizJournals

By News Archive

The Maryland General Assembly passed a bill that would establish a Maryland Technology Development Corp. (TEDCO) fund to promote job growth and minority inclusion in the sciences.

Both chambers passed House Bill 781 earlier this month, which establishes the Equitech Growth Fund to send state funding to projects that expand the economy through infrastructure investment and create a diverse workforce through job training programs. The bill, which is awaiting Gov. Wes Moore‘s signature, would require $5 million annually in the state budget from 2025 through 2033 to pay for the fund. A spokesperson for the governor did not immediately say whether Moore would sign the bill when contacted Thursday.

The fund would invest in public, nonprofit and private entities to attempt to stimulate employment opportunities in the technology industry. The specific mechanics of the fund, such as what stage of companies it will focus on, and whether the fund will give out money in a specific ratio of loans, grants and/or equity investments, is still undecided, TEDCO CEO Troy LeMaile-Stovall said.

A 2023 report by TEDCO found that Maryland’s job growth in the high tech industry lags behind other states, ranking 28th in the country in annual job growth rate in the sector at 1.6% annually over the past 10 years. The report says that, while Maryland is the country’s 15th largest economy by gross domestic product (GDP), the state’s GDP growth is below the national average and “Maryland’s high-tech industry will need to grow much faster to increase Maryland’s real GDP growth rate over the next 10 years.”

“The governor has said it best: We are asset-rich, but strategy-poor,” LeMaile-Stovall said.

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Maryland Tech Council Announces 2023 ICON Awards Finalists

By News Archive

Winners will be revealed at the celebration on April 27thicon

The Maryland Tech Council (MTC) is proud to announce the ICON awards finalists for its annual Industry Awards Celebration. The event honors individuals and companies in the life sciences, technology, and government contracting industries that have made a significant impact in their respective fields. This year there were ninety-three nominations in eleven categories. Two new award categories have been added this year: Investor of the Year and C-Suite of the Year. The winners will be announced live on April 27th at the Bethesda North Marriott Hotel & Conference Center. Click here to learn more about the event.

“The Maryland Tech Council is excited to present this year’s ICON Awards. The finalists highlight the best and brightest in the fields of life sciences, technology and government contracting. We are looking forward to hosting Maryland’s greatest night of networking and celebrating the winners,” said IAC committee Co-Chair and Corporate M&A Partner at Pillsbury Winthrop Shaw Pittman, Nicole Islinger.

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2023 Combo Save the Dates2

USP to Host the 2023 BioHealth Capital Region Forum, Investment Conference, & Crab Trap Competition on September 19, 20 & 21

By News Archive

2023 Combo Save the Dates2

BioHealth Innovation, Inc. (BHI) is proud to announce that US Pharmacopeia (USP) will be hosting the 9th Annual BioHealth Capital Region Forum for the second year in a row on September 19th and 20th, 2023. In addition to this flagship event, USP will also host the 8th Annual BioHealth Capital Region Crab Trap Competition on September 20th and the 6th Annual BioHealth Capital Region Investment Conference on September 21st.

“We are looking forward to once again hosting the BioHealth Capital Region Forum. As an integral part of this dynamic region, USP is deeply committed to fostering innovation and collaboration across the BioHealth space. USP eagerly anticipates bringing together leading minds and stakeholders to advance our shared vision for the future.” said Anthony Lakavage, J.D., SVP of Global External Affairs at USP.

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Marji Graf

Greater Rockville Chamber of Commerce CEO named 2023 Maryland Chamber Executive of the year

By News Archive
Marji GrafThe Greater Rockville Chamber of Commerce’s Chief Executive Officer, Marji Graf, serves on Rockville Economic Development, Inc’s (REDI) Board of Directors. REDI congratulates GRCC on their recognition, and is grateful for the continued involvement and guidance of Ms. Graf.
 

Annapolis, Md., Apr. 3, 2023 – The Maryland Association of Chamber of Commerce Executives (MACCE) named Greater Rockville Chamber President and CEO Marji Graf its 2023 Maryland Chamber Executive of the Year.

Marji is an exceptional leader and was selected as MACCE’s 2023 Chamber Executive of the Year because of her many notable accomplishments on behalf of the Greater Rockville Chamber of Commerce,” said Bill Chambers, MACCE President. Marji helped the Greater Rockville Chamber, and its members deal with the many challenges of the pandemic, while still focusing on their program of work and making a difference for her members and her community.

Among the numerous accomplishments noted in Marji’s nomination, standout achievements included diversifying and expanding her chamber’s programming, increasing its fiscal stability, and developing new, innovative responses to attracting and retaining members. “She is a dedicated
leader with a positive attitude and innovative spirit. Her commitment to the Chamber’s success was evidenced by adding new events, advocating for local businesses, and leading an effort to develop and implement valuesbased dues in 2022,” stated Laura Nash, Board Chair of the Greater Rockville Chamber and Relationship Manager and Vice President of West Financial Services.

An active member of MACCE, Marji is currently serving in her second year on MACCE’s Executive Board as Treasurer. Previous to moving to Maryland five years ago, Marji was a chamber leader in New England where she served as President of the Vermont Association of Chamber of Commerce Executives and President of the New England Association of Chamber of Commerce Executives.”

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Deka

Germantown’s Deka Biosciences Announces First-in-Human Dose in Phase 1 Clinical Trial of Cancer Treatment – The MoCo Show

By News Archive

Deka

Deka Biosciences (“Deka”), a clinical-stage biotechnology company headquartered at 20271 Goldenrod Lane in Germantown and focused on developing novel cytokine therapies to treat cancer and inflammatory diseases, announced that the first subject has been dosed in a Phase 1 clinical trial of DK210 (EGFR) at NEXT Oncology in Fairfax, Virginia. The Phase 1, first-in-human, multicenter clinical study seeks to characterize the safety, potential efficacy and evaluate possible biomarkers of response to DK210 (EGFR) in patients with advanced solid cancer(s) who are expressing epidermal growth factor receptors (EGFR) (NCT05704985).

Per the press release: “We are beyond thrilled to begin the clinical trial of DK210 (EGFR), marking our first program to enter clinical development,” said John Mumm, Ph.D., President and CEO of Deka. “Importantly, we anticipate that the results of the study will confirm the clinical safety, pharmacokinetics, exploratory efficacy and correlative biomarker responses to our first DiakineTM, establishing a solid foundation for the expanded use of this treatment in cancer patients.”

Click here to read more via The MoCo Show.

Best Angel Investor Groups

TRUiC: 19 Best Angel Investor Groups for Startups

By News Archive

Best Angel Investor GroupsAngel investors are a great way to obtain startup funding for your business. Typically, angel investors for startups fund early and seed-stage companies that show promise for high growth and scalability. However, the location and industry of your startup can also affect the angel investment opportunities available to you. 

These are the top angel investor groups based on industry, stage, and accessibility for entrepreneurs to secure capital to launch their startups.

Top Angel Investor Groups

The decision to seek angel investment to launch your startup is the first step, the second step is finding the top angel investors to secure startup capital from. Fortunately, we have a list of the best angel investor groups for startups here.

1. Tech Coast Angels

About

One of the most popular angel investment groups for startups, Southern California-based Tech Coast Angels provides startup capital in addition to mentoring, connections, and business assistance for entrepreneurs. TCA has over 400 accredited investors across five networks, and invests in a variety of industries including medtech, SaaS, IoT, and more.

Best For

  • Seed-stage and early-stage startups
  • Tech startups (fintech, medtech, martech, etc.)
  • Life sciences startup
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MCDEC

Montgomery County Economic Development Corporation Adds New Board Members

By News Archive

April 12, 2023

MCDECJoining Experienced Business Executives Across Industries, Education and Government to Enhance Economic Development in Montgomery County

Rockville, MD — Under the leadership of Board Chair Kevin Beverly, Montgomery County Economic Development Corporation has added new Board Members to its roster, bringing a broad spectrum of experience, knowledge and ideas. The board reflects the diversity and wide range of talent of Montgomery County residents and businesses—working in coordination with the MCEDC team to fulfill its mission of helping businesses start, grow and relocate to Montgomery County, Maryland.

“I am pleased to welcome Dr. Anne Khadamian, Silvana Nani, and Devang Shah to the MCEDC Board, and appreciate their confirmation from the County Council,” said County Executive Marc Elrich. “The skills, experience, and relationships that these individuals have in education, workforce development, technology, communications, and other areas will help MCEDC continue their focus on attracting, retaining, recruiting, and convening in our strategic industries.”

“The impressive range of talent and expertise within our board provides a strong complement to the work we do at MCEDC,” said Bill Tompkins, President & CEO. “The board reflects the diversity that is a hallmark of Montgomery County—drawing in a wide range of business executives from healthcare and manufacturing to life sciences, finance and the nonprofit communities.”

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Now Hiring Image

BioBuzz: Here Are Several BioHealth Capital Region Life Science Companies Hiring Right Now: Q2 2023

By News Archive

Now Hiring ImageBy Alex Keown
April 13, 2023

Companies within the BioHealth Capital Region hub are hiring for multiple positions in Maryland, Virginia and Washington, D.C.

BioBuzz rounds up some of the leading companies in the region seeking top talent, with examples of a few of the jobs for which they are currently hiring.

Kite Pharma

A business division of Gilead Sciences, Kite Pharma is developing innovative cancer immunotherapies. The company is focused on chimeric antigen receptor (CAR) and T cell receptor (TCR) engineered cell therapies designed to empower the immune system’s ability to recognize and kill tumors. The company currently has 28 open positions in the BHCR. You can find their open positions here.

Sr. Director, Head of Quality Control

The senior director, head of quality control will be responsible for leading a commercial manufacturing site Quality Control organization, including analytical, microbial, technical services and sample management groups and activities for cell therapy products. The position also calls for the director to advance technology integration in the labs and methods to cultivate COGM reduction. A qualified candidate will possess an advanced scientific degree, such as an MD, PhD or PharmD, and 12+ years’ experience in Quality Control Biopharmaceuticals or a master’s degree and 12+ years’ experience in Quality Control Biopharmaceuticals.

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International Innovation Center

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BHI INTERNATIONAL SOFT-LANDING PROGRAM

 

BioHealth Innovation’s International Soft-Landing Program assists foreign companies entering the U.S. market with client relationships varying based upon individual company requirements. BHI can assist those seeking US non-dilutive funding through the establish of a US subsidiary in which BHI has minor control (see A below) and/or by providing any of the other support listed in B-G below.  Depending upon the Scope of Work, these services may be offered on a per project/hourly basis with equity sometimes provided in consideration for BHI support.   For more information, email BHI@BioHealth Innovaiton.org

 A. U.S Subsidiary/Corporation Creation

  • Create a U.S. corporate entity enabling company to qualify for U.S. federal non-dilutive funding.*
  • Ensure international parent maintains ownership of its intellectual property.
  • Provide startup management support and/or operating personnel.
  • Provide interim U.S corporate office space with desk, mail, receptionist, meeting room services
  • Assist in locating appropriate lab, office or other facility space as required.

B. Business Development and Market Analysis

  • Assist with the development of corporate strategy, product development and business plans, pitch decks and fundraising narratives.
  • Identify potential corporate partners, collaborators, and
  • Assist with data/evidence development strategy (i.e. bench, in vitro, preclinical, clinical testing) supporting both market adoption and regulatory requirements.
  • Help identify and make introductions to prospective strategic partners, investors, and licensees, and provide advice regarding potential agreements.
  • Assist in market sizing and competitor profiling for specific products and services.
  • Develop the business case and clinical strategy required for market adoption, sales and marketing.

C. Grant Funding/Non-Dilutive Funding Assistance

  • Identify county, state, federal, foundation, and private economic development funding programs that align with company’s product development plans and assist with fulfilling
  • Assist with the development of non-dilutive and dilutive grant proposals (i.e. refining project goals, research strategy, budget and cost proposal, program officer and KOL introductions, commercial relevance narrative).

D. Human Resource and General Administration Support

  1. Provide support regarding posting US positions via BHI HR function.
  2. Facilitate interview process thru use of BHI facilities for Skype conference calls/interviews with prospective candidates.
  3. Provide template for HR employee handbook for US personnel (employees, contractors/consultants).
  4. Provide advice regarding salary and fringe benefit negotiations.
  5. Review media, marketing or printed material in coordination via BHI marketing.
  6. Provide mailing address and access to desk space and other amenities. 
  7. Provide Executive Administrator and receptionist support including phone, email, and mail. 

E. Marketing and Promotion

  1. Assist with product launch/US subsidiary opening and other opportunities for visibility.
  2. Provide marketing and branding advice including recommendations regarding online and print publications, industry tradeshows, investment conference and other events.
  3. Draft press releases and edit other promotional materials for US target market

F. Pricing and Reimbursement

  • Identify product pricing experts to develop relevant pricing models based on relevant research (i.e. product value, payer strategies, competition, willingness to pay).
  • Identify reimbursement experts with relevant expertise to develop strategic reimbursement assessments based on pricing research, payer landscaping, medical coding research, etc.

G. Regulatory

  • Identify and map potential regulatory pathways for specific products and services.
  • Identify appropriate regulatory consultants to create regulatory strategy and support regulatory submissions, filings and correspondence with regulatory agencies.
  • Support outreach to governing bodies.
  • Support generation of regulatory filings.

H. Resource Identification

  • Assist in locating appropriate lab, office or other facility space as required.
  • Assist with finding CMOs and/or resources to establish U.S. manufacturing operations.
  • Assist with finding CROs and/or related resources (i.e. trials hosts).
  • Assist with finding legal, accounting, and other resources to support business growth.

 

 

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*(BHI’s U.S. soft-landings are structured to enable the new U.S. corporate entity to meet eligibility requirements for Maryland and U.S. federal funding agency small business grant and assistance programs while enabling the international client to control its Intellectual Property. To comply with these eligibility rules, the business must have at least 51% of its ownership held by U.S. citizens and/or permanent resident aliens. (See https://www.sbir.gov/tutorials/program-basics/tutorial-2.). 

RICSmall

Rockville Innovation Center

By Uncategorized

 

RICSmall

155 Gibbs Street, 4th Floor | Rockville, MD 20850 | (301) 637-7950

A Montgomery County Innovation Network Facility

Managed by BioHealth Innovation, Inc. (BHI)


37 Private Offices and Office Suites || 4,000 square feet of Coworking Space

Virtual space also available*

Features:

  • Class A office space located in the heart of the bustling Rockville Town Center—with great access to restaurants, nightlife, community events and fitness facilities.
  • Flexible one-year lease agreements with 60-day notice terms.
  • Shared conference rooms with state-of-the-art audio visual systems, pre-wired offices to accommodate both telephone and broadband internet service, and wireless internet access.
  • Shared kitchenette/lunch room with coffee and other hot gourmet beverages, refrigerator, and microwave.
  • Access to market research databases provided through partnership with TEDCO to bona fide entrepreneurs and faculty innovators (consultants excluded).  Appointments are required.

    Book an appointment with BioHealth Innovation, Inc.

  • Description of TEDCO market research databases.
*Virtual office space is available for qualified companies on a limited basis.  This enables companies to access conference and mail rooms, incubator and BHI services.
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