- Use tools provided through BHI partner, TEDCO, to refine your business plan with data on competition, related patent/regulatory findings, market opportunity (consultants excluded). Databases included at the GIC are: Frost & Sullivan, Global Data – Medical eTrack, Global Data – Pharma eTrack.
- Develop the message highlighting the value proposition for your company’s product/service.
- Create the brand, design and collateral for your company, products or services.
- Provide guidance regarding marketing of FDA regulated products.
- Promote your products, services, research/collaboration opportunities.
- Make certain the technology you developed is appropriately protected.
- Guide you with licensing your technology from/to another organization.
- Develop a plan for protecting your ideas, patents, trademarks, or trade secrets that aligns with your business strategy.
- Assist with the establishment of your new business or U.S. headquarters.
- Determine the best legal structure for your firm.
- Advise you regarding governance, employment, leasing, and business contracts, and other operational issues.
BioHealth Innovation’s International Soft-Landing Program assists foreign companies entering the U.S. market with client relationships varying based upon individual company requirements. BHI can assist those seeking US non-dilutive funding through the establish of a US subsidiary in which BHI has minor control (see A below) and/or by providing any of the other support listed in B-G below. Depending upon the Scope of Work, these services may be offered on a per project/hourly basis with equity sometimes provided in consideration for BHI support.
- Host your business in one of two incubators: the Germantown Innovation Center (GIC) and the Rockville Innovation Center (RIC), managed by BHI, with features that include turn-key office space, wet lab space, shared kitchenette, flexible lease obligations, and access to the BHI team and its network of partners who hold office hours at the incubators.
- Introduce you to additional resources throughout the region who can help you find the space you need to establish/expand your biohealth business, R&D, or manufacturing operations.
- Develop the best strategy for your Human Resources activities as you launch/grow your business.
- Promote job opportunities at your firm.
- Provide comparable salary information.
- Assist you with applications for a SBIR award or other grant/loan funding.
- Help you best share information about your research, commercialization plan with milestones, and other critical pieces so that they align with the expectations of the funding agency.
- Ensure your financial records are current and organized appropriately for review by potential lenders or investors.
- Help you comply with grant and government reporting requirements.
- Enable you to easily take advantage of relevant R&D, job creation, or other tax credits. Provide referrals to resources for professional liability and business owners’ insurance.
- Assist, using years of entrepreneurial experience, with all phases of the business commercialization and launch process (discovery, licensing, business planning, team-building, fundraising, etc.).