Montgomery County is a global center for Biotechnology and Life Sciences.
Montgomery County is the epicenter of Maryland’s biotechnology industry and has emerged as an internationally recognized life sciences hub. Capitalizing on a prime location in the heart of the region’s federal and advanced technology sectors, the county is home to over 300 biotech companies, 10,000 highly educated biotech workers and key federal research and regulatory institutions, such as the National Institutes of Health (NIH), the Food and Drug Administration (FDA), the National Institute of Standards and Technology (NIST) and the Walter Reed Army Institute.
Biohealth Partnership Advances Technology TransferTop academic research institutions Johns Hopkins University (JHU) and the Universities at Shady Grove (University of Maryland System comprising nine academic institutions) have satellite campuses located in Montgomery County. In addition, the county is home to Montgomery College, a nationally renowned community college. Montgomery College is the only community college in the nation with an integrated academic, business and research campus, the Pinkney Innovation Complex for Science & Technology, known as PIC MC. It is also the only community college with a hospital (Holy Cross Germantown Hospital) as its anchor resident partner. The Bioscience Education Center, a stunning, state of the art facility provides cutting edge curriculum in biotechnology for the County’s workforce. It allows Montgomery College to expand its mission of providing educational excellence in the sciences to meet the county’s need for a highly skilled and knowledgeable STEM (science, technology, engineering and math) workforce while feeding the County’s pipeline in talent from two year degrees through post graduate level.
Montgomery County has launched BioHealth Innovation, Inc. an industry-led partnership to help commercialize scientific discoveries and attract venture capital to entrepreneurial ventures.
To take advantage of our unparalleled blend of assets, the county has developed innovative industry-driven partnerships to support the unique needs of bioscience companies including access to specialized facilities, funding, key players in the industry and higher education resources.
BioHealth Innovation (BHI) is a major private-public partnership that focuses on commercialization of biotech innovations and increasing access to early-stage funding. Their efforts have elevated the reputation of Montgomery County as a center for innovation and led to a higher global profile, sparking interest from companies around the world including China, Saudi Arabia and many other nations. Contact BHI at www.biohealthinnovation.org for more information about how they help commercialize scientific discoveries and attract venture capital to entrepreneurial ventures.
The presence of global companies such as GlaxoSmithKline, AstraZeneca, Emergent BioSolutions, United Therapeutics and Qiagen make the region attractive for additional investment. Life Sciences is a significant industry sector for Montgomery County and having a strong core group of major biotech companies creates a unique sense of community that creates opportunities for funding, networking and business growth.
The county, through its Economic Development Corporation (EDC), provides a full range of assistance to biotech companies including financial and tax incentives. Specific incentives to foster growth in the life sciences industry include an Investor Tax Credit program and the Life Sciences Impact Grant.
Montgomery County Economic Development Corporation met with over 30 prospective biotech companies and business development organizations at the BIO International Conference June 15-18.
Learn more about why Montgomery County, Maryland is the Smarter Location for Bio Here: http://www.pdf.investintech.com/preview/5ff73e16-145e-11e5-b21a-002590d31986/index.html
Notable Bio/Health Companies in Montgomery County:
- United Therapeutics
- Advanced Bioscience Laboratories
- U.S. Pharmacopeial Convention
- Adventist Healthcare/Hospitals
- Suburban Hospital/Johns Hopkins Medicine
- Holy Cross Hospital
- MedStar Montgomery Medical Center
- Local Biotech Investment Tax Credit
- BioHealth Innovation, Inc.
- Montgomery County BioSciences Strategy
- Johns Hopkins University, Montgomery County Campus
- Montgomery County Tech Transfer Connection
- Tech Council of Maryland/MDBio
- National Institutes of Health
- Food and Drug Administration
- The United States Army Medical Research Institute for Infectious Diseases
- National Biodefense Analysis and Countermeasures Center
- National Institute of Standards and Technology
- Walter Reed Army Institute of Research
- Howard Hughes Medical Institute