News Archive

Monday, November 18, 2013, BWI Airport Marriott

The 2013 Entrepreneur Expo  hosted by The Maryland Technology Development Corporation (TEDCO) brings together all of Maryland’s entrepreneurial resources from across the state into one place, at one time. This 3rd Annual Event is expected to draw 400+ of the region’s top entrepreneurs, small business executives, angel and venture capital investors, federal and state economic development officials, university leaders and legislators.

The theme for this year’s event is E2E: Entrepreneurs Inspiring Entrepreneurs and illustrates the focus on creating an environment where leading entrepreneurs can inspire the next generation of innovators, and where up-and-comers can make valuable connections to ideas, mentors and capital.

Two more venture capital firms have been selected to receive InvestMD funds that they will invest in local startup companies.

EnerTech Capital Partners will receive $10 million and Foundation Medical Partners will receive $7 million. As part of the state’s InvestMaryland program, the firms will use it to back local startup companies. After a startup exits, the state gets 100 percent of its principal investment and 80 percent of the proceeds from the exit. The venture firms can keep the remaining 20 percent of the proceeds.

New Enterprise Associates has had a hand in a number of Boston’s biotech startups over the years. But it wasn’t until now that the big VC firm officially put a physical footprint in the biotech cluster in Cambridge, MA.

NEA today is announcing that it has opened an office in Kendall Square. It’s on the third floor at 700 Tech Square in Cambridge, and will serve as a local home base for the VC firm and its healthcare partners, many of which serve on boards in the area. NEA already has offices in New York, California, Washington, D.C, Chicago, China, and India.

Johns Hopkins is more than halfway to its $4.5 billion fundraising goal, the university announced Wednesday, with the money helping to support initiatives that include urban revitalization and global health.

More than 162,000 donors have helped Hopkins meet the halfway mark earlier than officials had previously expected, in spring 2014. The $4.5 billion fundraising goal is among the biggest such efforts in the country and the largest for the Johns Hopkins University and Johns Hopkins Hospital.

The Professor Venture Fair began at Bioscience Day 2007 and has become an annual event that gives faculty inventors the opportunity to pitch their new technologies to a team of venture capitalists and entrepreneurs from the region. Presenters are judged based upon clarity of pitch and commercial viability.

Bioscience Day 2013 Venture Fair 11:00 am – 12:00 n

Moderator: Gayatri Varma, Director, OTC

Presenters and INventors: Anthony Melchiorri and John Fisher; Yanjin Zhang; Hadar Ben-Yoav, Reza Ghodssi, Gregory Payne and Deanna L. Kelly ;Kenyon Crowley, Ritu Agarwal , Guodong “Gordon” Gao, Nanette I Steinle and Arnab Ray; Donald DeVoe

Judges:Todd Chappell, Wyatt Somogyi, Matt Cohen, Stephen P. Auvil  

Location: Grand Ballroom Lounge, Stamp Student Union

Theme: “The First Mile of a Marathon”. The theme explores the next steps towards commercialization of University developed technologies. Most inventors painstakingly develop their technologies, and yet, underestimate the herculean task of moving an idea from the lab to launch. Even before funding, there is a lot of heavy lifting, analysis, customer discovery, team building, etc. that needs to be done. The panel speakers will discuss these next steps that every inventor or potential entrepreneur has to undertake.

Moderator: Elana Fine, Managing Director, Dingman Center for Entrepreneurship

Panelists: Todd Chappell, Wyatt Somogyi, Matt Cohen, Stephen P. Auvil

Location: Grand Ballroom Lounge, Student Stamp Union, UMCP

In the past few years, pharmaceutical distributor Cardinal Health (NYSE:CAH) has acquired a major distributor and half a dozen pharmaceutical companies in China. It also acquired AssuraMed to enter the home-health supply market, and invested in startups including HealthSpot, which makes a telemedicine kiosk, and Intralign, which helps providers optimize the cost and quality of surgical care.

Those moves were all part of a clearly defined strategy to meet the changing healthcare marketplace. John Rademacher, president of ambulatory care at Cardinal Health, told BioOhio members at the trade group’s annual event on Tuesday that the company’s investment and acquisition strategy is driven by these 12 healthcare industry trends:

Big data may be about to overwhelm the healthcare system. A little healthcare business intelligence tip: Data by itself won’t drive value and outcomes. Smart healthcare analytics will. In Deloitte’s DBrief, “Big Data Revolution: Unlocking Healthcare Analytics,” healthcare industry experts talked about the opportunities and barriers for industries across the care continuum to harness data, contextualize it and use it to move from hindsight to insight (and eventually, with the help of predictive analytics, foresight).

“The future is already here,” Brett Davis, a principal at Deloitte, said. “It just hasn’t been evenly distributed yet.” Here are the six key trends in healthcare shaping how data will be used.

Have a look at a handful of the 50 events that took place during Baltimore Innovation Week 2013. Get involved with Baltimore Innovation Week 2014 here: http://baltimoreinnovationweek.com

The University of Maryland on Wednesday announced the appointment of Thomas R. Fuerst, Ph.D., as the new director of the Institute for Bioscience and Biotechnology Research.

IBBR is a joint research enterprise created to enhance collaboration among the University of Maryland, College Park (UMD), the University of Maryland, Baltimore (UMB), and the National Institute of Standards and Technology (NIST) in the fields of medicine, biosciences, technology, quantitative sciences and engineering.