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WASHINGTON, Sept. 30, 2020 /PRNewswire/ — The National Capital Consortium for Pediatric Device Innovation (NCC-PDI) announces six awardees chosen in its annual “Make Your Medical Device Pitch for Kids!” competition to share in $250,000 in grants funded by the Food and Drug Administration (FDA) to support the advancement of pediatric medical devices. The competition, powered by NCC-PDI partner MedTech Innovator, focused on cardiovascular, NICU, and orthopaedic and spine devices, which are areas of critical need where innovation can significantly improve children’s healthcare. The virtual event aired today as part of the 8th Annual Pediatric Device Innovation Symposium presented by Children’s National Hospital in conjunction with The MedTech Conference, powered by AdvaMed.

Whether it’s “Mom and Pop” retail storefronts, family-run services companies or life science companies developing innovative, life saving products, family owned-and-operated businesses are the lifeblood of the global economy.

According to Cornell University’s SC Johnson School of Business, “There are 5.5 million family businesses in the US. (FEUSA, 2011) Family-owned businesses contribute 57% of the U.S. GDP (that’s $8.3 trillion), employ 63% of the workforce (FEUSA, 2011), and are responsible for 78% of all new job creation. (Astrachan & Shanker, 2003) 35% of Fortune 500 companies are family-controlled. (Businessweek.com, 2006).” 

One of Kansas City’s most under the radar startups is scaling up amid COVID-19 — thanks in part to a share of $250 thousand in non-dilutive funding from a Los Angeles-based accelerator and FDA sponsored pediatric device consortia.

“When COVID hit, one of the things I took from that was, ‘When you’re not selling, your process better be impeccable,’” said Chris Mathia, CEO of Innara Health, the healthtech startup behind the NTrainer — the only FDA approved solution for improving oral coordination in premature babies. 

Image: Chris Mathia, Innara Health

The state of Maryland is the global epicenter of vaccine research and development. This has never been more evident than right now as scores of Maryland companies have risen to the global challenge of developing the first approved vaccine for SARS-CoV-2. 

We’ve written extensively about the region’s push to develop a viable, effective and safe COVID-19 vaccine. Companies like Novavax, Emergent BioSolutions and Altimmune are on the leading edge with some of the most promising COVID-19 Vaccine candidates progressing through clinicals.  While Maryland as a global vaccine R&D juggernaut might be news to those outside of the region, Maryland’s life science ecosystem has been a leading vaccine R&D hub for years. 

Image: https://biobuzz-io.cdn.ampproject.org

The vaccine-related activity is creating more demand for lab space in an already tight market, further reducing vacancy rates and driving up rents. This dynamic is leading developers to consider breaking ground on spec and converting vacant office buildings to lab space, multiple experts said Thursday on Bisnow’s Life Science Surge webinar.

Image: Courtesy of HFF The GSK Global Vaccine Center in Rockville 

Johns Hopkins has consolidated the university’s job and internship postings onto a single website, SMILE, a new platform for finding remote and in-person experiential learning opportunities across all JHU divisions.

All positions posted on SMILE are non-credit bearing, compensated via JHU payroll, and part time. Students will continue to use the existing Handshake platform for off-campus internships and full-time positions.

CoSolve is a new global, virtual, Open Innovation challenge at AstraZeneca, seeking to find new collaborators – those with the boldest innovations and solutions that will help us create the next wave of medicines to help transform patients’ lives.