The Daily Record
July 25, 2019
Two Maryland organizations received federal grants for their programs to increase growth and economic development by supporting entrepreneurship.
Johns Hopkins Technology Ventures and the Eastern Shore Entrepreneurship Center received the grants as part of the U.S. Economic Development Administration’s i6 Challenge program. The administration is a part of the U.S. Department of Commerce.
“Innovation and entrepreneurship are an indispensable part of the American economic success story, and the Trump Administration is pursuing an agenda that will ensure the U.S. remains a leader in both areas,” Secretary of Commerce Wilbur Ross said in a statement. “These projects will spark innovation across the country and will build on the beneficial environment the Trump Administration is creating for American businesses.”
The Johns Hopkins and Eastern Shore projects were two of 26 grantees announced Tuesday. There were more than 140 applicants for the i6 grants.
Johns Hopkins Technology Ventures is using the $633,000 grant to launch the Chesapeake Regional Digital Health Exchange, an effort to accelerate digital health entrepreneurship in Maryland.
“We are really trying to create a regional play,” said Liz Burger, senior director for strategic initiatives at Johns Hopkins Technology Ventures, who wrote the grant proposal. “The hope is that companies will be created and will grow and hire from the Baltimore development pipeline.”
Much of what Johns Hopkins Technology Ventures does is life science focused. It is one of Maryland’s more lucrative fields for entrepreneurship, but it can also take years for those companies to develop into meaningful sources of jobs.