BALTIMORE, June 19, 2012 /PRNewswire/ -- The Economic Alliance of Greater Baltimore (EAGB) announced today that it has completed a formal agreement to serve as Greater Baltimore's primary business partner with BioHealth Innovation (BHI), Maryland's private-public collaborative that focuses on commercializing market-relevant bio health innovations and increasing access to early-stage funding in central Maryland.
BHI is the first regionally focused innovation intermediary created to connect the university and hospital bio health research strengths of Baltimore with the bioscience industry and federal laboratory strengths of Montgomery County.
EAGB, a regional economic development partnership which markets Greater Baltimore as a world-class region in which to live, work, learn and invest, will hold joint project management responsibilities on all initiatives related to BHI's Central Maryland Health-Regional Innovation Cluster (H-RIC). H-RIC is a national pilot that incorporates the best innovation-based economic development practices in the U.S. and integrates them into one region in central Maryland. EAGB will secure and administer select federal grants for H-RIC, as well as manage its regional branding and marketing.
"No other city in the world matches Baltimore's prowess as a center for hospital and medical R&D facilities where the greatest minds collaborate on technologies to develop new standards of care and improve the quality of life for citizens across the globe," said Stephanie Rawlings-Blake, Mayor of Baltimore. "This partnership allows Baltimore to grow valuable job opportunities by marrying its strengths with Montgomery County's equally unique position as a worldwide hub for bringing new innovations to market in the biosciences field."
EAGB will also
|SOURCE Economic Alliance of Greater Baltimore|
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