Montgomery County Executive Marc Elrich addresses the audience at the signing of MOU on Thurs, Nov 10
New Institute for Health Computing Coming to Montgomery County, Maryland
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Montgomery County, the University of Maryland Baltimore, the University of Maryland College Park, and the University of Maryland Medical System Corporation announced today an exciting Memorandum of Understanding to create The University of Maryland 3 – Institute for Health Computing, or UM-3-IHC, which will be located in North Bethesda.
The Institute will be a new epicenter for world-class artificial intelligence, machine learning and clinical analytics research that seeks to leverage the power of data science to benefit human health and well being. The Institute’s research will be empowered by the unique, de-identified, HIPAA compliant data sets provided by the 12 hospitals that comprise the University of Maryland Medical System.
The Institute is the first step in an ambitious and visionary project to transform an underdeveloped North Bethesda area into a national hub for computational science-enabled biomedical research, population health and precision medicine.
Montgomery County and its partners hope to redevelop the North Bethesda site, which is serviced by the Metro Red Line, into a mixed-use life sciences hub that will be a collision space not only for Institute researchers, but also for the deep data science ecosystem in the surrounding area that includes the FDA, the NIH, NIST, USAMRIID, AHRQ, Walter Reed, the Naval Medical Research Center. The Institute and subsequent redevelopment of the North Bethesda area will act as a catalyst, connector and job creator for industry, researchers, scientists and University of Maryland system students, including those studying at the Universities at Shady Grove.
Pending omnibus budget approval, Montgomery County has committed $40M to support the Institute project over six years (starting in 2023) with the partner universities committing to fund a similar amount of the project, including an initial $25M investment from MPower, the strategic partnership between UMD Baltimore and UMD College Park. The Institute partners will also seek Maryland state funding for the initiative as well.
The Institute is already recruiting principal investigators and the project expects to eventually add approximately 100 staff, which will be a mix of data scientists, researchers and students.
The new Institute will anchor what Montgomery County Executive Marc Elrich sees as a transformational initiative that will have national impact and could potentially become the “Silicon Valley” of AI and Digital Healthcare.
This is an exciting announcement for the BioHealth Capital Region, as it adds a new and different asset to an already thriving ecosystem that includes great research institutes, a vibrant cell/gene therapy industry, a burgeoning advanced biomanufacturing infrastructure and rising medtech and medical device sectors.
Read the full press release from the University of Maryland Baltimore
Watch the announcement:
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Steve brings nearly twenty years of experience in marketing and content creation to the WorkForce Genetics team. He loves writing engaging content and working with partners, companies, and individuals to share their unique stories and showcase their work. Steve holds a BA in English from Providence College and an MA in American Literature from Montclair State University. He lives in Frederick, Maryland with his wife, two sons, and the family dog.
