Bisnow recently held a webinar titled “Montgomery County Life Sciences Surge,” sponsored by the Montgomery County Economic Development Corporation (MCEDC), on August 11. Brad Stewart, Senior Vice President of Business Development at MCEDC, posed questions to real estate professional panelists about the future of Montgomery County’s life science environment.
Maryland’s innovation ecosystem thrives on collaboration
TEDCO partners with Maryland universities to help tech entrepreneurs scale up Email Facebook LinkedIn Twitter
Pictured from left: Tammi Thomas, TEDCO; Judy Costello, Montgomery County Government; Brian Darmody, AURP; Mary Morris, UMB; Dr. Arti Santhanam, TEDCO.
By Tammi Thomas – Chief Marketing & Communications Officer, TEDCO
July 08, 2022, 04:05pm EDT
Maryland may be small, but it’s a leader when it comes to nurturing its university-based biology and technology ventures. An array of assets makes it a top choice for biology and technology companies: our state is No. 1 in federal research and development funding, No. 1 in health and human services funding, and No. 3 in NASA funding, according to the National Science Foundation. The state is also home to the largest health researcher (National Institutes of Health), the largest food and drug regulator (the Food and Drug Administration) and the largest buyer of medical procurement (Center for Medicare and Medicaid Services in Woodlawn, Maryland).
TEDCO, Maryland’s economic engine for tech companies, partners with universities to offer entrepreneurs and emerging companies critical early-stage funding, business support and mentoring. This convergence of academia, research and economic development creates a nurturing environment that connects entrepreneurs…
Julie Martin is a South African born Australian with 20 years commercial facing experience across government, private industry and the not-for-profit sectors. Julie develops investment attraction opportunities for the Montgomery County Economic Development Corporation in the state of Maryland, USA and holds a Master’s Degree in International Development from the Royal Melbourne Institute of Technology in Australia.
Montgomery County, Maryland, home of the National Institutes of Health (NIH), the Food and Drug Administration (FDA) and more than 480 life sciences companies, continues its momentum as a magnet for new life sciences development with a major surge in leasing and investment. With rising demand and just 5.2% availability for the county’s existing lab space, an additional 1.6 million square feet (SF) of lab space is in development—joining the current 10.6 million SF of total lab inventory already in Montgomery County.
Sarah Miller has served in various positions that have given her the tools necessary to help communities recognize and build upon their unique assets. In her work across Pennsylvania and Maryland, she has created high-quality civic spaces, helped industrial communities reinvent themselves, supported new farmers, built technology business incubators, and managed local public art programs.
The Montgomery County Economic Development Corporation (MCEDC) and the Federal Laboratory Consortium (FLC) have signed a Memorandum of Understanding (MOU) to formalize a strategic partnership to help build a stronger local relationship between federal labs and Montgomery County’s private sector, particularly small businesses.
MCEDC awards almost $100,000 to early growth-stage biotech companies to help with small wet lab buildout
Perhaps the single biggest challenge faced by startup entrepreneurs and early-stage life science companies is securing the necessary funding to fuel innovation and growth. The BioHealth Capital Region (BHCR) life science community as a whole faces a similar challenge when it comes to access to venture capital funding; this challenge has been noted by many BHCR thought leaders and well-documented in a host of BioBuzz stories.
“Claudia Towles owner of aMuse Toys said her company adjusted with the closure of non-essential businesses and shifted to retool the business for online orders, curbside pickup, and local deliveries.” [….]
6 People in the BioHealth Capital Region You Should Know In 2020 2019 was a year of change for many BioHealth Capital Region organizations. The past year has seen a [….]
