News Archive

Today, Maryland Governor Larry Hogan signed into law a measure aimed at providing additional support to Maryland small biotechnology companies.  Senate Bill 226 sponsored by Senator Roger Manno, and House Bill 373 sponsored by Delegate Darryl Barnes will support Maryland small and innovative biotech companies by amending the Biotechnology Investor Incentive Tax Credit (BIITC) definition of a Qualified Maryland Biotechnology to allow investment in companies that have been in business no longer than 12 years and in active business for up to 15 years if completing the process of regulatory approval.   The BIITC Extension has been a legislative priority of BioFactura and the Small Biotechnology Business Coalition, and our Coalition has worked closely with Delegate Barnes and Senator Manno on this legislation.

Maryland Gov. Larry Hogan signed more than 200 bills Thursday afternoon, including one that will present the University of Maryland with $1.5 million a year to establish a new Maryland Energy Innovation Institute on the campus.

The Maryland Clean Energy Center and the University of Maryland Energy Research Center collaborated to work out the details of the initiative, which aims to increase job opportunities and protect the environment by commercializing environmentally-friendly technology statewide, according to Eric Wachsman, director of the Energy Research Center and the Institute.

MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs.

MSBDFA uses include working capital, supplies and materials, machinery and equipment acquisition, land acquisition or real estate improvements. Other uses include the purchase of an existing franchise, construction or renovation and franchise fees or obtaining bid, performance and payment bonds for contracts, which receive the majority of their funding from federal, state or local government.

The Biotechnology Innovation Organization (BIO), the National Science Foundation (NSF) and the National Institutes of Health (NIH) today announced an agreement to feature Small Business Innovation Research (SBIR)-funded early-stage biomedical companies in an Innovation Zone at the 2017 BIO International Convention. The Innovation Zone companies, focused on drug discovery, diagnostics and other therapeutic platform technologies, will have dedicated exhibit space and participate in BIO’s One-on-One Partnering™ system. Select companies will make 15-minute company presentations in the BIO Business Forum.

ByteGrid Holdings LLC, which is dedicated to providing the most secure and compliant hosting solutions available, has been awarded “FedRAMP Ready” status by the Federal Risk and Authorization Management Program (FedRAMP).

“We are pleased to announce this achievement as we continue to add to our capability in delivering a highly secure and regulatory compliant set of products and services to our customers. This is just one more example of ByteGrid’s commitment to serving our customers’ requirements and going the extra mile in protecting their systems and data,” said Michael Duckett, Bytegrid CEO.

This isn’t Brian Loew’s first run at Internet success.

During the thick of the dot-com mania 20 years ago, Loew and some friends built an online publishing company called Worldweb.net. It had 150 employees and $15 million in revenue but, like many start-ups from the era, it never posted a profit.

EY today announced the finalists for the Entrepreneur Of The Year 2017 Award in the Maryland Region. The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. These business leaders were selected by a panel of independent judges. Award winners will be announced at a special gala on June 28, 2017 at the Baltimore Marriott Waterfront Hotel.

June 13, 2017 – 6:00pm – 9:00pm

Bethesda North Marriott Hotel and County Conference Center 5701 Marinelli Road, North Bethesda, MD 20852

Tuesday, June 13 MCCC 58th Annual Dinner honoring Dr. Martine Rothblatt and United Therapeutics as the Visionary of the Year United Therapeutics Corporation is a bio-tech company focused on the development and commercialization of innovative products to address the unmet medical needs of patients with chronic and life-threatening conditions. They have five approved products on the market today and are in relentless pursuit of “medicines for life”®. Their overarching commitment to environmental sustainability is reflected in their new corporate office facility in Silver Spring. This seven-story, 108,000-sq.-ft., cutting-edge collaborative workspace aims to inspire people think out of today’s box and into the realm of tomorrow.

Immigration advocates claim that about half of the most lucrative startups in America were founded by immigrants. But it’s complicated for a foreigner to start a company in America — there’s no such thing as a startup visa.

That’s why some entrepreneurs are “hacking the system” through a workaround that started as an experiment in Massachusetts and has expanded to five other states.

VentureApp, a professional chat platform, today announced VentureMap New York City, an interactive network visualization of the city’s tech ecosystem, in partnership with RRE Ventures. The map displays 3,043 investments into tech startups by angel investors, venture capitalists, incubators, accelerators, and more.