Recap: Economic Development Member Meeting - BioHealth Innovation - Thursday, May 8, 2014

Posted Date: 
May 8, 2014

May 8, 2014 Recap:

Guest Speaker:  Rich Bendis, Founder, President & CEO, BioHealth Innovation, Inc.

The chair-elect of the Economic Development Committee, Leslie Weber, welcomed MCCC members and introduced the guest speaker, Rich Bendis, Founder, President & CEO, BioHealth Innovation, Inc. (BHI). BHI is an innovation intermediary that connects market relevant research assets to appropriate funding, management, and global markets to facilitate the development of commercially viable biohealth products and companies.

The organization co-founds early stage biohealth companies and works directly with existing regional commercially relevant biohealth firms on their early business development milestones to accelerate commercialization.  Ninety percent of the companies BHI is working with are in Montgomery County Maryland.

BHI’s vision is to transform the Central Maryland region into a leading global bio-health entrepreneurial and commercialization hub by:

  • Connecting regional innovation assets
  • Developing an entrepreneurial talent and support pipeline
  • Attracting funding for technology commercialization
  • Evaluating commercially relevant federal and university technology

The main challenge is finding early-stage capital. Many investors choose to invest more money into fewer places, which typically leaves businesses in need of $.5-2 million of early-stage capital out of luck. BHI’s efforts strive to minimize this challenge.

The “Triple Bottom Line” is to grow high-paying jobs, expand the tax base, and benefit human health.

To view the full presentation, click here.

For more information about BHI visit

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