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Two Baltimore startups among InvestMaryland Challenge winners – Baltimore Business Journal

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Two Baltimore companies took top honors in the state’s first InvestMaryland Challenge.

GrayBug, which is developing drug delivery technology; and RedOwl Analytics, a software company, were the winners of the startup business competition’s life science and information technology categories. An LED lighting company in Cecil County, i-Lighting, won the contest’s category for general industry. Some 260 startups from 26 states, including Maryland, threw their hats in the ring.

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The Human Genome Project, Then and Now – NYTimes.com

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Eight years of work, thousands of researchers around the world, $1 billion spent — and finally it was done. On April 14, 2003, a decade ago this week, scientists announced that they had completed the Human Genome Project, compiling a list of the three billion letters of genetic code that make up what they considered to be a sort of everyperson’s DNA.

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Strategies for Navigating the Life Sciences Capital Crunch – Xconomy

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The need for innovation in healthcare has arguably never been greater.  A range of factors, from aging world populations to rising standards of living in developing countries, are poised to drive long-run demand for innovative drugs, devices and medical technologies that can improve outcomes and reduce costs.

Ironically, however, funding for healthcare innovation remains in short supply.  As industry participants are keenly aware, life science venture capital financing – which has played a critical role in helping translate research ideas into commercially useful medical technologies – is becoming increasingly scarce.

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New Enterprise Associates Joins $10M Series A for Cleave Biosciences – Baltimore Citybizlist

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Cleave Biosciences has added $10 million in Series A financing from new investor New Enterprise Associates, bringing its Series A total to $54 million. In the fall of 2011, Cleave raised $44 million from US Venture Partners, 5AM Ventures, Clarus Ventures, OrbiMed Advisors, Astellas Venture Management and Osage University Partners. The company is focused on cancer drug discovery and development.

Cleave is discovering novel drugs that affect protein degradation pathways. Cancer cells frequently make an excess of proteins and hence become dependent on protein degradation for their survival. By attacking key targets in these pathways, cancer cells fail to balance this excess protein synthesis with protein degradation and can no longer survive.

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Sen. Mikulski to participate in National Cybersecurity Center of Excellence partners signing – CyberMaryland

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Maryland U.S. Senator Barbara A. Mikulski plans to participate in a signing ceremony at the National Institute of Standards and Technology for new private sector partners that will collaborate with the National Cybersecurity Center of Excellence on Monday, April 15.

According to a statement from the senator’s office:

The new partners will pledge to contribute hardware and software components and share cybersecurity best practices and personnel with the center in an effort to address current cybersecurity threats. Senator Mikulski will be joined by Governor Martin O’Malley, Montgomery County Executive Ike Leggett, Commander of U.S. Cyber Command and NSA Chief General Keith B. Alexander, and Under Secretary of Commerce for Science and Technology and NIST Director Patrick Gallagher …

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Industry leader recognized biotech’s potential early on – Gazette.Net

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When he was young, Daniel J. Abdun-Nabi wasn’t all that interested in subjects like biology. He gravitated toward political science and the law in college, and worked for the federal Securities and Exchange Commission soon after graduating.

“I went out of my office and saw the Capitol. It was awe-inspiring,” Abdun-Nabi, 58, who grew up near Boston, said of working in Washington, D.C.

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Tech Council of Maryland Praises Tech-Friendly Legislative Session – Rock Hill Herald Online

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The Tech Council of Maryland (TCM), Maryland’s largest technology trade association with more than 400 biotechnology and technology members employing more than 200,000 in the region, today commended state policy makers for advancing key priorities for the tech community during this year’s legislative session. The 2013 session concluded on Tuesday.

“Maryland’s policy makers delivered on our biggest priorities: stronger incentives for R&D and biotechnology, new incentives for cybersecurity investments, and corporate tax code certainty for employers,” said Larry Letow, TCM’s chairman. “We have many strong advocates in Annapolis who understand that Maryland’s technology and biotechnology companies are catalysts for innovation, job growth and prosperity.”

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Montgomery County Small Business Awards – Montgomery County, MD – Economic Development

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Friday, May 24 • 12:00 – 2:00 pm • Marriott Bethesda North Conference Center

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Join the Montgomery County Department of Economic Development to celebrate small businesses. Attend the inaugural Small Business Awards program.

The award luncheon will provide countless opportunities to show your appreciation for the estimated 33,000 small businesses of Montgomery County—businesses that contribute directly to the strength of the area’s economy. Eight awards will be presented to eight distinct companies.

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University of Maryland BioPark welcomes nonprofit international virologists – MDBIZNews

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The Global Virus Network plans to move its headquarters to the University of Maryland BioPark in Baltimore, officials announced Thursday.

Emerging pandemic viral threats and current viral killers are a worldwide problem. For this reason, the nonprofit  GVN brings together the top medical virologists from more than 30 institutions in 21 countries, to promote international collaborative research, education and advocacy.

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