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BioHealth Innovation and NIH partner on Fall SBIR Event

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This workshop on Oct 9th. had been cancelled due to the Government Shutdown and will be rescheduled at a later date.

bhi-logoWith Fall approaching, everyone is preparing for their favorite things whether that’s football season, pumpkin carving, or more reasonable temperatures in Central Maryland. Fall is also a great time for the Small Business Innovation Research grant program throughout National Institutes of Health. In partnership with the NIH, BioHealth Innovation is sponsoring a fall gathering to talk about SBIR awards.

It’s useful to hear directly from NIH program officials on the current funding priorities per Institute. We have assembled program leads from NHLBI, NIAID, and NCI who can provide small businesses with more insight into their SBIR programs. They will also be available for one-on-one consultations at the conclusion of the event.

Event Details:
Wednesday, October 9th, 1:00pm – 4:00pm (EDT)
VisArts
155 Gibbs Street, 6th Floor
Rockville, MD 20850
(Overlooking Rockville Town Center)

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MIMETAS awarded at the COMS conference

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mimetas-awardedMIMETAS’ co-founder Paul Vulto has won the Audience Award and the runner up Jury Award for Best Proposition at the International Conference on the Commercialisation of Micro- and Nanosystems (COMS). The jury, which included serial entrepreneur Steven Walsh and Silicon Valley entrepreneur Janusz Bryzek, called the MIMETAS proposition a technology that will change the world, having the potential to grow into a billion-dollar company.

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19 Md. companies make Inc. 500 Fastest Growing

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Nineteen of the 500 fastest growing private companies in America are in Maryland. The 2013 Inc. 500/5000 is ranked according to percentage revenue growth for 2009 to 2012 and companies are selected based on revenues of at least $2 million. The full list of the 5000 fastest growing companies includes 131 based in Maryland. The Maryland companies averaged $25.2M in revenues and 3-year revenue growth of nearly 500%. New to the list this year at #41 is NSR Solutions in Rockville. WeLocalize (left) of Frederick made the list for the 9th year.

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The 3 Ms of pop health platforms | Healthcare IT News

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Sometimes, ideas in healthcare have a way of starting small but quickly getting much bigger.

Take Care Team Connect, an Evanston, Ill.-based IT firm that provides software platforms for population healthcare management while also offering provider coaching services on how to manage population-based wohttp://www.freedigitalphotos.net/images/Other_Health_and_Bea_g278-Red_Cross_p44637.htmlrkflows effectively.

According to Carrie Kozlowski, Care Team’s senior vice president of client services and marketing, the company got its start five years ago after the founder, Benjamin Albert, became frustrated trying to manage care for his sick grandfather from a distance.

Image Courtesy of Ventrilock / FreeDigitalPhotos.net

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Hospital IT spending jumps high | Healthcare IT News

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http://www.freedigitalphotos.net/images/Healthcare_g355-Doctor_Team_Making_Discussion_Over_Phone_p33378.html

Hospital executives have never been frivolous when it comes to investing in technology, but as reimbursements shrink, the need to carefully analyze each purchasing decision has never been more urgent.

Given all the worthwhile – and not so worthwhile – options, what choices are hospital administrators currently making?

Since IT spending is largely taken up by meeting meaningful use and ICD-10 requirements, said Chantal Worzala, director of policy at the American Hospital Association, hospitals don’t have much left over for investments in other things.

Capital expenditure per bed for IT grew by 62 percent between 2010 and 2011, Worzala said, whereas total capital expenditure per bed grew by only 2.6 percent.

Image Courtesy of photostock / FreeDigitalPhotos.net

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HealthTech Accelerates with DreamIt Health | Entrepreneurship Blog

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DreamIT Health

This summer marked the inauguration of the DreamIt Health accelerator, a startup boot camp focused on healthcare IT run by DreamIt Ventures and powered by Penn Medicine and Independence Blue Cross.  In four short months, ten extraordinary teams of entrepreneurs, including four from Wharton, were brought together from around the country to achieve significant milestones going from concepts to prototypes, products, pilots and revenues.  As the program wound down, the investor, startup and healthcare community turned out in force for Demo Day to see a snapshot of each company’s progress and plans for the future.

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DC National Science Foundation Innovation Corps Accepting Applications from Mid-Atlantic for Fall Cohort

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Free Program Helps Researchers Explore the Commercial Potential of Technologies

The DC National Science Foundation (NSF) Innovation Corps (I-Corps) program is now accepting applications for its October cohort.

Open to research teams and technology entrepreneurs from universities, federal laboratories, agencies and the general community in the Mid-Atlantic Region, the free program guides researchers in exploring the commercial potential of their inventions.

“I-Corps provides real world, hands-on training on how to successfully incorporate innovations into successful products,” said DC I-Corps Director Edmund Pendleton. “The ultimate goal is to create a new venture or licensing opportunity for program participants.”

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Dr. Richard Moore to Fill Newly Created BHI/BD Entrepreneur-in-Residence Role at NIH

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rich mooreRichard Moore, BD DiagnosticsROCKVILLE AND BALTIMORE, MARYLAND, August 26, 2013 – BioHealth Innovation, Inc. (BHI), a regional private-public partnership focusing on commercializing market-relevant biohealth innovations and increasing access to early-stage funding in Central Maryland, announced today its selection of Richard Moore, M.D., Ph.D., as a new Entrepreneur-in-Residence (EIR) at the National Institutes of Health (NIH) Office of Technology Transfer (OTT). BHI and BD established this position in July 2013. Dr. Moore, an executive with decades of experience in diagnostics development and technology strategy, will help support the development of new start-up companies and product commercialization based upon innovative technologies selected via OTT license agreements.

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Ken Ulman

Howard County to spend $400K to commercialize inventions – Baltimore Business Journal

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Ken Ulman

Howard County will spend $400,000 over the next two years on a program designed to accelerate the commercialization of new technology developed by the county’s scientists, the Baltimore Sun reported.

County Executive Kenneth Ulman, who is running for lieutenant governor as the running mate of Lt. Gov. Anthony G. Brown, announced the program Thursday, which is a new partnership between the Johns Hopkins Applied Physics Laboratory and the Howard County Economic Development Authority.

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Mhelpdesk execs, from left, Ryan Shank, Vincent Wong, Khoa Ho and Jacob Garlick

Venture capital? No thanks. Mhelpdesk’s no-VC rule has upside, as well as risk – Washington Business Journal

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Mhelpdesk execs, from left, Ryan Shank, Vincent Wong, Khoa Ho and Jacob Garlick

Only in the distorted reality of startups and venture capital would this plan seem daring: Mhelpdesk.com LLC is refusing outside cash, operating lean and scaling with its own revenue. Instead of holding its hand out to investors, the Dulles-based field-service software startup has opted to pour its efforts into selling, meanwhile leaving their equity intact.

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