admin

Known for its ancient castles and seaside mosques, the Turkish city of Trabzon is looking to raise its profile on a new  front—biotechnology.

For inspiration on expanding the Trapzon region’s high-tech and environmental-based industry, a foreign delegation arrived in Baltimore on Tuesday to meet with the Maryland Department of Business & Economic Development.

New Enterprise Associates, a venture capital firm that’s invested some $13 billion in up-and-coming companies, has launched a brand-new design mentorship program to fuel innovation in the design industry. Called NEA Studio, the 12-week program will challenge five designers at a time.

Why the focus on design? “When a consumer gets a product, it’s usually because of the design of it,” said Dayna Grayson, an NEA partner, to Fast Company. “I feel like, if you’re really going to design a product and make it inherent at a company, it has to start at a founder level. So if the designer wants to be the founder, why not?”

At its annual meeting on March 8, the Maryland Business Incubation Association (MBIA) approved applications for membership for two new full incubator programs and one new associate program:  The Harford Business Innovation Center, Betamore, and The Charles County Innovation Center (planning underway)—bringing current membership to 23 business incubators and innovation centers.

MBIA member organizations offer direct support to nearly 450 entrepreneurial ventures throughout the State from a wide variety of sectors.  They foster entrepreneurship and contribute substantially to the Maryland economy through the creation of thousands of jobs and the generation of significant tax revenues.

The financial future looks bright for students at the University of Maryland College Park.

Recent graduates from Maryland earn the second highest starting salary among grads from all 50 state flagship schools.

Rockville biotech Sequella inc. is looking to raise at least $20 million to advance its lead antibiotic candidate through clinical trials in drug-resistant tuberculosis and the stomach bacteria H. pylori.

If there ever was a time for the company to hit the gas pedal, it’s now. The resurgence of tuberculosis, especially in populous nations such as India and Russia, has brought what was thought of as a 19th century disease back into the spotlight. And the rise of multiple-drug-resistant strains of TB has made that fear very real in the mind of the U.S. consumer.