TEDCO Generates $2.7 Billion in Economic Benefits for Maryland’s Ecosystem in 2023, According to Independent Study

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TEDCO announces the release of the 2023 Economic Impact Study. With $2.7B in economic impact, more than 10,400 jobs continue to make significant economic and fiscal returns to Maryland’s ecosystem. In the latest report, TEDCO’s six core research and investment vehicles supported 442 portfolio companies, created more than 10,400 jobs, and had an economic impact of $2.7B.

Maxim Biomedical, Inc. Secures Second NIH RADx Tech High Performance Award for Continued Development of At-Home FiarFly™ Reader and COVID-19 & Flu A/B Rapid Test

Image of COVID-19 antigen test box
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Maxim Biomedical, Inc. Secures Second NIH RADx Tech High Performance Award for Continued Development of At-Home FiarFly™ Reader and COVID-19 & Flu A/B Rapid Test NEWS PROVIDED BYMaxim Biomedical, Inc.  [….]

Weekly Quick Hits (BHCR) – Week of October 23, 2023

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It was a big week for the research community in the BioHealth Capital Region, with the White House and U.S. Department of Commerce designating Baltimore as one of 31 tech hubs nationally, out of 400 applicants. BioBuzz is proud to be part of the Baltimore Tech Hub, now moving into Phase 2 of the process, where between five and 10 of the Tech Hubs will receive a grant of between $50 million and $70 million each. Richmond also was named a Tech Hub to specialize in affordable drug development, and a southwest Virginia group gained funding through the program for its work on advanced manufacturing and materials. BioBuzz will be instrumental in linking talent to funded research and growing companies in a way that visibly tracks impact across the BHCR.