Navigation Links
Economic Alliance of Greater Baltimore Inks Business Partnership with BioHealth Innovation to Bring Health and Life Sciences Research to Market
Date:6/19/2012

BALTIMORE, June 19, 2012 /PRNewswire/ -- The Economic Alliance of Greater Baltimore (EAGB) announced today that it has completed a formal agreement to serve as Greater Baltimore's primary business partner with BioHealth Innovation (BHI), Maryland's private-public collaborative that focuses on commercializing market-relevant bio health innovations and increasing access to early-stage funding in central Maryland.

BHI is the first regionally focused innovation intermediary created to connect the university and hospital bio health research strengths of Baltimore with the bioscience industry and federal laboratory strengths of Montgomery County.

EAGB, a regional economic development partnership which markets Greater Baltimore as a world-class region in which to live, work, learn and invest, will hold joint project management responsibilities on all initiatives related to BHI's Central Maryland Health-Regional Innovation Cluster (H-RIC).  H-RIC is a national pilot that incorporates the best innovation-based economic development practices in the U.S. and integrates them into one region in central Maryland. EAGB will secure and administer select federal grants for H-RIC, as well as manage its regional branding and marketing.

"No other city in the world matches Baltimore's prowess as a center for hospital and medical R&D facilities where the greatest minds collaborate on technologies to develop new standards of care and improve the quality of life for citizens across the globe," said Stephanie Rawlings-Blake, Mayor of Baltimore. "This partnership allows Baltimore to grow valuable job opportunities by marrying its strengths with Montgomery County's equally unique position as a worldwide hub for bringing new innovations to market in the biosciences field."

EAGB will also lead BHI's efforts to establish Entrepreneurs-in-Residence at Johns Hopkins University and University of Maryland, Baltimore.

"Our corporate partners and UM Ventures—a commercialization initiative of the University of Maryland, Baltimore and UM College Park—are working with the UMB BioPark and other elements of the University System of Maryland to develop technologies in numerous fields, including genome sciences, advanced bioengineering, and infectious diseases," said William E. "Brit" Kirwan, chancellor of the University System of Maryland and a board member of both BHI and EAGB. "Through this coordinated effort and injection of support, we look to accelerate commercialization activity at the University of Maryland."

Johns Hopkins University President Ronald J. Daniels, also a board member of BHI, commented on the value of the partnership.

"This collaboration will strengthen our ability to attract and create both early stage and mature firms and bring them to the new Science + Technology Park at Johns Hopkins where they will have direct access to our East Baltimore medical and research complex and the opportunity to work side-by-side with the best medical professionals in the world."

BHI will establish an office at EAGB's headquarters at Baltimore's Inner Harbor. Immediate and long-term objectives include collaboration on a Regional Entrepreneurs Innovation and Financing Guide, the creation of a Baltimore-area Health Care IT accelerator, and coordination of a national BioHealth conference and related events to be hosted in the Baltimore-area.

"BHI's experience in successfully managing programs of this kind—paired with EAGB's leading efforts to market Baltimore's wealth of health care and IT assets—is a powerful combination that should result in significant, high-value job creation and overall economic growth for the Baltimore region," said Michael J. Baader, chair of the EAGB board of directors, board member of BioHealth Innovation and partner-in-charge of the Baltimore office of Venable LLP.

Integration efforts between the two organizations are already underway.

"We strongly believe that BHI will soon be a catalyst to transform Baltimore and central Maryland into a leading life sciences entrepreneurial and commercialization region," said Scott Carmer, BHI chair and executive vice president, commercial operations for Medimmune.

EAGB President and CEO Thomas Sadowski said, "This is a partnership that will garner game-changing results in areas where we possess strategic advantages and competitive strengths."

About BioHealth Innovation
BioHealth Innovation, Inc. (BHI) is an innovation intermediary that translates market-relevant research into commercial success by connecting management, funding, and markets.  BHI's vision is to transform the Central Maryland region into a leading global bio-health entrepreneurial and commercialization hub.

For more information, visit http://www.biohealthinnovation.org/

About Economic Alliance of Greater Baltimore
The Economic Alliance of Greater Baltimore is a regional economic development partnership comprised of business executives, elected government officials and leaders from higher education focused on marketing Greater Baltimore as a world-class region in which to live, work, learn and invest. 

For more information, visit http://www.GreaterBaltimore.org.    


'/>"/>
SOURCE Economic Alliance of Greater Baltimore
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. HealthCare Institute of New Jersey Releases 2011 Biopharmaceutical and Medical Technology Economic Impact Data
2. Pharmacoeconomic Analysis Shows SURFAXIN® May Reduce Hospital Cost Associated with Reintubation in Premature Infants
3. Experts Launch the Alliance for Fertility Preservation at the International Society for Fertility Preservations 2nd World Congress
4. MacroGenics Receives Milestone Payment as Part of Its Global DART™ Alliance with Boehringer Ingelheim
5. PAREXEL and ASAN Medical Center Establish Alliance to Accelerate Korea-based Drug Development and Commercialization Programs
6. SiREM and Tersus Environmental Form Strategic Marketing Alliance
7. Systems Alliance Launches Redesigned Website for The Living Legacy Foundation of Maryland
8. Campbell Alliance Launches Market Research and Analytics Group, Appoints Michael Turner as General Manager of Encuity Research
9. framergyTM to partner with the Space Alliance Technology Outreach Program
10. Psyche Systems Corporation Signs Strategic Alliance with Siemens Healthcare to Provide Anatomic Pathology Solutions
11. Narayana Hrudayalaya Hospitals Teams With Ascension Health Alliance to Build Health City at Grand Cayman
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... ... June 23, 2016 , ... ... (Yeast and Mold) microbial test has received AOAC Research Institute approval 061601. , ... tests introduced last year,” stated Bob Salter, Vice President of Regulatory and Industrial ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... announced the launch of the Supplyframe Design Lab . Located in Pasadena, ... explore the future of how hardware projects are designed, built and brought to ...
(Date:6/23/2016)... Calif. , June 23, 2016  Blueprint Bio, ... biological discoveries to the medical community, has closed its ... Matthew Nunez . "We have received ... with the capital we need to meet our current ... essentially provide us the runway to complete validation on ...
(Date:6/23/2016)... Pleasant Prairie, WI (PRWEB) , ... June 23, ... ... sciences consultancy focused on quality, regulatory and technical consulting, provides a free ... webinar is presented on July 13, 2016 at 12pm CT at no charge. ...
Breaking Biology Technology:
(Date:4/19/2016)... , UAE, April 20, 2016 ... implemented as a compact web-based "all-in-one" system solution for ... biometric fingerprint reader or the door interface with integration ... modern access control systems. The minimal dimensions of the ... readers into the building installations offer considerable freedom of ...
(Date:4/13/2016)... April 13, 2016  IMPOWER physicians supporting Medicaid patients ... a new clinical standard in telehealth thanks to a ... the higi platform, IMPOWER patients can routinely track key ... body mass index, and, when they opt in, share ... visit to a local retail location at no cost. ...
(Date:3/23/2016)... , March 23, 2016 ... erhöhter Sicherheit Gesichts- und Stimmerkennung mit Passwörtern ... (NASDAQ: MESG ), ein führender ... das Unternehmen mit SpeechPro zusammenarbeitet, um erstmals ... Finanzdienstleistungsbranche, wird die Möglichkeit angeboten, im Rahmen ...
Breaking Biology News(10 mins):