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Montgomery County renews commitment to BioHealth Innovation

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Montgomery County Executive Isiah Leggett today announced his recommended $4.97 billion operating budget for fiscal year (FY) 2015, that begins July 1, and includes a tax-supported County government budget of $1.478 billion. The budget funds education beyond what is required by the State Maintenance of Effort Level law to meet future needs created by the skyrocketing number of Montgomery County Public Schools (MCPS) students, puts more police on the beat and reduces the County’s property tax rate.

Leggett has made creating Montgomery County’s jobs of the future one of his top priorities and over the past two years of economic recovery, Montgomery County jobs are up three percent. His FY15 recommended operating budget includes funding to repurpose the William Hanna Innovation Center to become the National Cybersecurity Center of Excellence. It increases Life Sciences and Incubator support by $400,000 and increases by $500,000 County funding for BioHealth Innovation, the public-private partnership to enhance the commercialization of critical research conducted in the County. This budget also increases County support for the successful Local Small Business Reserve Program and for the American Film Institute.

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NHLBI Regional Innovation Conference Registration, Boston – Eventbrite

By News Archive

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Thursday, May 8, 2014 from 9:00 AM to 5:00 PM (EDT)

Learn from leading investors on syndication:

  • Richard Anders, Mass Medical Angels
  • Barbara Fox, Avaxia Biologics
  • Henry Kay, Launchpad Venture Group
  • Reid Leonard, Merck Research Ventures
  • Mike McGrail, Cooley LP
  • Moderator: Stephen Flaim

Connect with 23 NHLBI companies seeking early-stage investors and partners

  • Discover innovative technologies close to commercialization
  • Attend a reception to partner and network

Registration is free, but space is limited. Sign up now to save a spot!

More information and agenda to follow.

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TEDMED – The Hive Reopens Call for Applications

By News Archive

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The Hive is an immersive and informal social environment, dedicated to exploring and showcasing transformative startups and the inspiring entrepreneurs that power the ideas shaping the future of health and medicine.

Our second location will allow us to host The Hive on both coasts – increasing the number of game-changing startups who will join us this coming September 10-12 in either Washington, DC or San Francisco, CA. To help support a growing community of Hive entrepreneurs, we’re re-opening the Hive Application process for two short weeks and applications will be accepted today until April 1.

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Is NEA’s next IPO story a chipmaker? – Washington Business Journal

By News Archive

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New Enterprise Associates is up to its neck in initial public offerings these days. But even for NEA, a chipmaker IPO isn’t exactly common.

One of the Chevy Chase-based venture capital firm’s portfolio companies, Milpitas, Calif.-based Aquantia Corp., this week  announced a $16 million Series G financing led by Xilinx Inc., a possible prelude to a public offering for the decade-old semiconductor company, an executive  told The Wall Street Journal.

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Exelon Partners with Economic Alliance of Greater Baltimore for Tech Startup Event – WSJ.com

By News Archive

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More than 21 startups presented their technology offerings to Exelon executives and IT employees at “Dancing with Startups,” a two-day event hosted by Exelon and the Economic Alliance of Greater Baltimore at the University of Maryland, Baltimore County, and the Cyber Point Technology & Innovation Center last week.

The event is part of Exelon’s continuing effort to reach out to technology innovators in search of new ideas that have the potential to transform the energy industry. From cybersecurity software to smartphone technology, participating companies pitched their ideas and products during rapid-fire, 20-minute sessions. Exelon employees peppered the groups with questions, seeking to identify new technologies that Exelon might be able to pilot.

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Montgomery County Chamber of Commerce

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The Montgomery County Chamber of Commerce (MCCC) provides an effective voice for a diverse, innovation-driven economy to ensure business success. Its active membership includes small, medium, and large organizations representing a wide range of businesses and industries. Through effective advocacy, programs and events, MCCC helps its members succeed in business.

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TEDCO 2013 Economic Impact Study

By Uncategorized

tedco-impact-study-coverCOLUMBIA, Md. (Jan. 29, 2014) – A recent third-party economic development impact study conducted by Battelle Technology Partnership Practice (TPP), the world’s largest non-profit research and development organization, has found that the Maryland Technology Development Corporation (TEDCO) currently supports more than $565.9 million in economic contributions and more than 2,835 jobs in the State of Maryland annually, earning $200.5 million in salaries with estimated State and local government revenues of $22.8 million. The study also determined the economic contribution of TEDCO programs is projected to grow to $910.3 million and support a total of 4,527 jobs by 2018. These jobs will earn $320.3 million in salaries with estimated State and local government revenues of $36.6 million.

Read the report here

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