Sisu Global Health got more recognition for its device that recycles blood for use during surgery, winning the First Mile Innovation Challenge.
The competition, which was run by the Consortium of Affordable Medical Technologies (CAMTech), GE Sustainable Healthcare Solutions and MGH Global Health, sought applications from around the world that address health hardships in low and middle income countries. About 80 companies from 16 countries applied, according to an announcement.
From left to right: Ethan Byler (BHI), Mark Fitzgerald (Wilson Sonsini Goodrich & Rosati), Kevin Colbert (LifeSprout/Johns Hopkins), Rich Bendis (Moderator/BHI)
ROCKVILLE, MARYLAND, April 24, 2017 –Out of five startup companies selected to present in front of a panel of industry leaders at the 2017 BioHealth Capital Region Forum, LifeSprout was chosen to have the most commercial potential at the 2nd Annual Crab Trap Competition.This year the event was moderated by BHI President & CEO, Rich Bendis. Judges included industry leaders from Verily Life Systems, Roche, Inova Strategic Investments, New Enterprise Associates, AstraZeneca, and Blu Venture Investors. LifeSprout impressed judges with a presentation by Kevin Colbert, Director of Operations, on their next-generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. Their first-in-class bioresorbable, nanofiber-hydrogel composites are formulated to match the stiffness of native soft tissues without compromising their porosity. LifeSprout is a Johns Hopkins University startup.
“This was an exceptionally strong group of participants, and LifeSprout along with the other finalists should be proud of their accomplishments.” said Richard Bendis, BHI President & CEO. “I would like to thank all the participants in addition to our judges and sponsors who helped make this competition possible.”
Founded by BioHealth Innovation, Inc. (BHI) and MedImmune in 2016, the Crab Trap Competition focuses on companies in therapeutics, diagnostics, medical devices, healthcare services, e-health, mobile health, electronic medical records, health informatics, and biohealth cyber security. The grand prize this year is $10,000, incubation space in either Prince William County, VA or Montgomery Country, MD, and business mentoring.
About the BioHealth Capital Region
The BioHealth Capital Region (BHCR) consisting of Maryland, Virginia, and Washington, DC is the prominent BioHealth cluster in the Mid-Atlantic. The BHCR encompasses more than 800 life sciences companies, over 70 federal labs and world-class academic and research institutions. According to Genetic Engineering News (May 2016), the BHCR is ranked 4th in Top Biopharma Clusters in the country. The BHCR brand represents collaboration among leading stakeholders with a collective goal to make the BHCR a top 3 biohealth cluster by 2023. http://www.biohealthcapital.com/
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Media contacts:
Richard Bendis
Phone: 301-637-6439, e-mail: rbendis@biohealthinnovation.org
BioHealth Innovation, Inc. (BHI), a regional innovation intermediary focused on commercializing market-relevant bio-health innovations and increasing access to early-stage funding in Maryland, has been awarded a renewal of its contract to extend and expand its entrepreneur-in-residence (EIR) program with the National Institutes of Health (NIH). BHI will place EIRs within the National Heart, Lung and Blood Institute (NHLBI), the NIH Office of the Director and other NIH Institutes and Centers.
The EIR program was established with NIH in 2012 with BHI’s support. The program is set-up to achieve the mission of NIH by applying knowledge gained through discoveries to solutions for patients with unmet clinical needs. EIRs who participate in this program have prior experience maneuvering through multi-disciplinary technical challenges and the business and regulatory environment to deploy new healthcare solutions.
Due to the program’s initial success, the EIR program was expanded in 2015 to include NIH’s associated offices and institutes. The new term extends for an 18-month period from February 2017 through August 2018, with an option to renew for an additional 18 months.
“Expanding and extending our partnership with the federal government’s leading medical research agency is an honor that builds on our work together filling key EIR roles over the last few years,” said Richard Bendis, BHI President and CEO. “We’ve placed some of the most innovative and business-centered minds in biohealth and biotech and will continue to do so as we fill EIR roles that will drive cutting-edge approaches to commercializing medical devices and therapies.”
BHI can retain the services of up to six EIRs as a part of this program with NIH. The EIRs will be assigned to the appropriate facilities, and their task will be to foster collaboration between NIH leadership and the biohealth industry, while providing the agency with industry insights into innovation and commercialization perspectives in research and development. They will also help to guide NIH scientists, academics and small business innovators on best practices.
More information can be found at http://www.biohealthinnovation.org/programs/entrepreneur-in-residence-program.
About BioHealth Innovation, Inc.
BioHealth Innovation, Inc., is a regional innovation intermediary focused on commercializing market-relevant bio-health innovations and increasing access to early-stage funding in Maryland. BHI is known for providing commercial assistance to scientists and founders, educating and infusing Maryland’s life science community with new and young entrepreneurs and fueling startups within Central Maryland’s bio-ecosystem by connecting young companies to funding and business resources. Learn more at www.biohealthinnovation.org.
BioHealth Innovation (BHI) is pleased to have the opportunity to discuss the entrepreneurial ecosystem in Maryland and the region.
BHI is a regional innovation intermediary which supports the transformation of research projects into new business opportunities in partnership with the region’s rich assets, institutions, and entrepreneurial community. BHI achieves this goal by being a catalytic partner in the economic development ecosystem which focuses on attracting, retaining, founding and reinventing biohealth businesses. BHI has built the infrastructure and track record to cofound and create new early stage biohealth startup and spinoff companies. In addition, BHI works directly with existing biohealth firms through a variety of supportive services including: incubation and accelerator programs, non-dilutive funding assistance, international soft landing programs and entrepreneur-in-residence support.
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The Daily Record has named BioHealth Innovation Inc., (BHI) President and CEO Richard Bendis a 2017 Influential Marylander. Mr. Bendis is one of 51 Influential Marylanders who were selected by the publication for their significant contributions to their respective fields and leadership in the state.
“It’s an honor to be chosen as an Influential Marylander by The Daily Record. BHI has been working with our partners and other key stakeholders to help make Maryland a leader in the BioHealth Capital Region,” said Mr. Bendis. “Our success in supporting over 800 companies, scientists, and entrepreneurs since 2012 is a testament to the hard work and dedication of the entire BHI team.”
Mr. Bendis, along with the other Influential Marylanders, will be presented their awards on March 23, 2017 at a reception and dinner at The Grand Lodge of Maryland. The winners will also be profiled in a special magazine that will be inserted into the March 24th issue of The Daily Record and available online at www.TheDailyRecord.com.
“Influential Marylanders help to shape their communities – our communities – for the better. They are at the pinnacle of their chosen professions and are role models for all of us,” said Suzanne Fischer-Huettner, publisher of The Daily Record. “Their hard work, determination and commitment to excellence help us to realize our own hopes and dreams. The Daily Record is honored to recognize their accomplishments.”
About BioHealth Innovation, Inc.
BioHealth Innovation, Inc., is a regional innovation intermediary focused on commercializing market-relevant bio-health innovations and increasing access to early-stage funding in Maryland. BHI is known for providing commercial assistance to scientists and founders, educating and infusing Maryland’s life science community with new and young entrepreneurs and fueling startups within Central Maryland’s bio-ecosystem by connecting young companies to funding and business resources. Learn more at: www.biohealthinnovation.org
Click here to view all of the 2017 Influential Marylanders Honorees.
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