BHI Launches New Startup Package for Early-Stage BioHealth Companies in Central Maryland

ROCKVILLE, Md. and BALTIMORE, July 7, 2014 /PRNewswire/ -- BioHealth Innovation, Inc. (BHI), a regional private-public partnership focusing on commercializing market-relevant biohealth innovations and increasing access to early-stage funding in Central Maryland, today announced the launch of a new service offering: the Startup Package for Client Companies. The new package is designed to provide early-stage biohealth companies in Central Maryland with access to critical professional services – including corporate legal guidance, intellectual property, banking, accounting, payer and strategy, and grant support – as an enhanced benefit to working with BHI.

"We are proud to offer this service to our startup clients seeking to commercialize biohealth products," said Richard Bendis, President & CEO. "BHI aims to facilitate the development of commercially viable health-related products and companies. Providing access to these professional services is a critical step towards helping our biohealth startup clients in achieving this goal."

BHI has partnered with a supporting network of professional service providers that share the same vision for growing Maryland's biohealth sector, including Venable LLP, M&T Bank, Aronson, Miles & Stockbridge, InHouse Patent Counsel, Science Sherpa, Center for Medical Technology Policy, ADVI, and BBC Entrepreneurial Training & Consulting. These firms understand the nature and needs of startup companies, and offer preferred rates for client companies.

"As the accounting services provider for this unique initiative, we're excited to continue our work with BHI," said Aronson LLC Partner Norm Snyder. "By helping life science companies throughout Central Maryland rethink the way they approach the business lifecycle, we feel like we're playing an important role in supporting innovation throughout the region."

Existing BHI clients – several of which have already taken advantage of the Startup Package – include: Avhana Health, Benevir, Intravenous Solutions, Mehr Medical, MIMETAS, MockV Solutions, N5 Sensors, Perceptive Navigation, Strand Genomics, Speed BioSystems, and VLP Therapeutics.

"For the past ten months, MockV Solutions, has benefited tremendously from BHI's start-up package. From the hands-on assistance we receive from BHI's 'Entrepreneurs-in-Residence' to the services provided by the network of professionals, I doubt we would have been able to accomplish what we have so far without BHI and its service providers," said David Cetlin, Founder and CEO at MockV Solutions. "I highly recommend considering BHI's startup program if you are a startup CEO or are thinking of launching your own biohealth company."

About BioHealth Innovation, Inc.
BioHealth Innovation, Inc., is a regional innovation intermediary focused on commercializing market-relevant bio-health innovations and increasing access to early-stage funding in Maryland. Learn more at www.biohealthinnovation.org.

SOURCE BioHealth Innovation, Inc.

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