For the second year in a row, the BioHealth Capital Region (BHCR) has been ranked as a Top 3 BioCluster Hub by Genetic Engineering and Biotechnology News (GEN). Montgomery County, Maryland, located in the heart of the BHCR, offers unparalleled assets, including proximity to the FDA and NIH, making it a premier destination for biohealth innovation. Adding to its already successful programs, Montgomery County is launching new initiatives to further support biotech success in 2025 and beyond.
Existing programs continue to provide strong support for growing companies. The Executive-in-Residence Program connects entrepreneurs in the County with experienced mentors who guide commercialization strategies and accelerate growth. The SBIR Matching Program helps companies amplify their non-dilutive funding by providing additional resources to build on their Small Business Innovation Research (SBIR) awards. Additionally, the Investor Tax Credit incentivizes private investment in Maryland’s innovative companies, making it more attractive for investors to support local startups.
Building on these efforts, Montgomery County is introducing the Technology Innovation Fund and the Founders Fund, which will provide grants of up to $200,000 and $100,000, respectively. These programs are designed to support commercialization milestones for companies in sectors such as healthtech, life sciences, artificial intelligence, and quantum technologies. Additional incentives like the expanded MOVE program and JOBS grants will make it even easier for companies to establish and grow their presence in the county. Partnerships with the Henry Jackson Foundation and BioHub will further enhance the local ecosystem by creating new opportunities and resources for the biotech sector. Applications for the Technology Innovation and Founders Funds are due by January 31, 2025.
Looking ahead to 2025, Montgomery County plans to launch the Montgomery County Accelerator Network (MCAN) and expand its International Soft Landing Program, aimed at attracting global biotech companies to the region. These initiatives complement the county's ongoing focus on incentives, permitting support, and fostering a seamless pathway for companies to establish operations and succeed.
“Montgomery County is creating an environment where life sciences companies can thrive, innovate, and make a global impact,” said Rich Bendis, Founder, President, and CEO of BioHealth Innovation, Inc. “With these expanded programs and funding opportunities, companies at all stages can find the resources they need to grow and succeed in 2025 and beyond.”
For more information about these programs, please contact Judy Costello at This email address is being protected from spambots. You need JavaScript enabled to view it..
As a trusted partner in advancing life sciences innovation, BHI remains a resource for companies looking to tap into these opportunities. Whether through funding assistance, commercialization guidance, or access to its extensive network of experts, BHI is here to help companies maximize their impact in Montgomery County and beyond.