Regardless of your stance on Obamacare and Maryland’s Medicare waiver, you can’t ignore that health reform and technology are creating many opportunities for innovation. The BBJ is looking for those innovators. Please click below for contest information.
For years the standard operating procedure for the medical device world has been: Bring good tech to patients and be rewarded by the market. Healthcare reform and particularly the consolidation of doctor practices is making this model obsolete. Now the challenge is more along the lines of “Justify your existence.”
Device companies have to revamp the traditional business model to show how their products save money and help patients in the long term.
Image: http://medcitynews.com
Genome scientist and entrepreneur J. Craig Venter is best known for being the first person to sequence his own genome, back in 2001.
This year, he started a new company, Human Longevity, which intends to sequence one million human genomes by 2020, and ultimately offer Web-based programs to help people store and understand their genetic data (see “Microbes and Metabolites Fuel an Ambitious Aging Project”).
Image: http://www.technologyreview.com – J. Craig Venter
SBA Awards Montgomery County Chamber Community Foundation grant
to conduct veteran small business training course
ROCKVILLE, MD – The Montgomery County Chamber Community Foundation (MCCCF) is pleased to announce that the U.S. Small Business Administration (SBA) will support MCCCF in providing technical training to veteran-owned businesses seeking federal procurement opportunities. Through a Cooperative Agreement with SBA, the Foundation’s National Center for Veteran Institute for Procurement (VIP) will expand and host three training sessions a year (over a twelve month period) to support up to 150 service-disabled veteran-owned small business (SDVOSB) and veteran-owned small businesses (VOSB) to attend the program.
Education technology, or ed-tech, is getting big in Baltimore and local experts think Maryland has a shot at being a leader in this technology niche.
But it won’t happen overnight.
“I think we have a unique opportunity to build an ecosystem,” said Frank Bonsal III, an ed-tech venture capitalist who leads Towson University’s business incubator. “An ecosystem takes 20 years to build. We’re on year three.”
Image: Jaclyn Borowski – Andrew Coy, executive director of the Digital Harbor Foundation, says students should play a bigger role in growing ed-tech.
When it comes to raising capital for a tech startup, savvy entrepreneurs know how important it is to hustle. From trying to attract the attention of VCs to appearing on television shows like ABC’s Shark Tank, these days when it comes to raising cash, everyone is out to get their share.
However, you may be surprised to learn that in this high-tech world, one very traditional institution is looking for smart entrepreneurs to give money to. Aspiring entrepreneur, meet the Small Business Administration (SBA).
With plans to couple Johns Hopkins Medicine’s research cachet and Kaiser Permanente’s population health prowess, the two health giants announced a new “strategic collaboration” on Tuesday.
Kaiser Permanente of the Mid-Atlantic States and Hopkins officials say they will collaborate on patient care by sharing data from electronic medical records and developing better health care models based on evidence of what’s worked best. Kaiser will work closely with Suburban Hospital in Bethesda, which is part of the Johns Hopkins network.
Image: http://m.bizjournals.com
A $10.7 million grant to the University of Maryland School of Dentistry and the University of Maryland School of Medicine will fund the collaborative study of biomarkers associated with sexually transmitted diseases such as chlamydia, in hopes of finding new ways to predict the infection and developing new vaccines or treatments. The five-year grant from the National Institute of Allergy and Infectious Diseases is the renewal of a previous $12 million, five-year grant awarded in 2009, bringing the project’s total to $22.7 million.
Image: http://www.oea.umaryland.edu
What do you need to turn a brilliant idea into a business? “A good morale boost,” says Abhishek Motayed, Founder and President of N5 Sensors, Inc. of Rockville. Motayed had that boost this month when N5 Sensors received two Small Business Innovation Research (SBIR) awards totaling $250,000. The grants came from the Environmental Protection Agency (EPA) and the National Science Foundation (NSF) towards N5 Sensors work developing low-power, computer chip-size benzene, carbon monoxide, and ammonia sensors.
Image: http://umdtechtransfer.wordpress.com – Pasquale Ferrari, Ratan Debnath, Abhishek Motayed
Maryland Health Secretary Dr. Joshua Sharfstein will step down in January to join Johns Hopkins University.
Sharfstein’s move comes as Maryland is trying to revamp its failed health exchange in time for November open enrollment and as Gov. Martin O’Malley’s administration winds down.
Image: Nicholas Griner Maryland Health Secretary Dr. Joshua Sharfstein is stepping down in January and will join Johns Hopkins University.
