Seasoned pros might make it look easy, but make no mistake – entrepreneurship can be incredibly intimidating and difficult to navigate, especially for women, as they face numerous challenges like underrepresentation and imposter syndrome. Being able to overcome these obstacles is a testament to resilience, and with that we asked two BioHealth Capital Region entrepreneurial veterans to share some advice for women who are beginning their own journeys.
In 2019, Fulton Bank launched a new division aimed at supporting life sciences companies that many financial institutions shied away from historically—young, emerging bioscience and tech companies that offer high risk, high reward investment profiles.
Maryland is home to a number of STEM entrepreneurs with quality projects and the skills to succeed. What entrepreneurs often lack are the right connections and access to funding, which is especially true for women-led life sciences start-ups.
“In 2021, women founders raised just 2% of venture capital money and only 23% of biotech CEOs are women said Margia Argüello, formerly with the Maryland Department of Commerce’s Office of Life Sciences.
TEDCO’s Social Impact Funds are a key component to creating a more inclusive entrepreneurial innovation ecosystem in Maryland. The three busy female founders of innovative life science startups CarrTech, NasaClip and PerSoN Clinic took time to share what TEDCO’s Builder Fund and other TEDCO resources have meant to their companies.
Tammi Thomas, Chief Marketing & Communications Officer at TEDCO Interviews Sue Carr, President and Founder at CarrTech Corp.
Sue Carr RPh is President and Founder of CarrTech Corp, a medical device company. Sue Carr has over 30 years of experience in the pharmaceutical industry in retail management and clinical hospital pharmacy, specializing in ICU, ER, Oncology, and NICU.
Sue is a board member of WMSHP (Washington Metropolitan Society of Health Care Professionals) and an active member of ASHP (American Society of Health-System Pharmacists). Sue has attended Incubators, accelerators, leadership cohorts, and received numerous awards, including TEDCO’s SBIR/STTR Proposal Lab and the DCA Power Women Award.
Sue Carr RPh is President and Founder of CarrTech LLC, a medical device company. CarrTech has developed, patented, and prototyped an all-in-one package one needle filter device to increase safety and compliance while reducing time and waste. CarrTech’s mission is to improve healthcare by making medication preparation safer.
The traditional two-needle approach to filtering injectable glass ampoule-based medications is unsafe to health care providers and patients. The process is also time-consuming and costly.