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TEDCO has $300K to bring new incubator ideas to…

TEDCO has $300K to bring new incubator ideas to Maryland

The Incubation Challenge is seeking ideas that haven’t been tried here before. Proposals are due July 31.

TEDCO is known for providing seed funding for early stage companies.

“We want to help the incubation industry raise their bar, too, and keep pace with acceleration and innovation in Maryland,” said Neil Davis, Director of Entrepreneurial Development at the quasi-public agency that backs early stage companies.

So the agency is offering a new grant to help incubators try something new — or, something that’s been tried outside of Maryland.

The formal call for proposals recently went out for the Incubation Challenge. TEDCO set aside $300,000 in grant money, and will make up to two awards, Davis said. To enter, a seven-page proposal must be submitted by July 31.

The whole point is to bring in new ideas, so the parameters are fairly loose. Since Maryland has lots of incubators already, Davis said the proposal could come from an existing organization, as well as a new group that’s looking to get started. Whether the focus is attracting talent, generating traction with partners and institutions or something else, the idea is to provide some funding for a new resource that can help meet the needs of startups.

“We would love to see someone propose something that’s been used successfully elsewhere, but that’s not a requirement, either,” Davis said.

TEDCO often commissions studies to see what was happening in other places, such as the Emerging Trends study referenced in the RFP. With the challenge, the agency is “taking it to another level and providing real dollars for people to propose and put ideas into place here, said TEDCO President John Wasilisin.

For those interested in learning more, an in-person info session is being held from 2-3:30 p.m. Wednesday afternoon at TEDCO headquarters in Columbia, as well as two conference call sessions from 2-3 p.m. on June 15 and 16.

Click here to see the RFP

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Johns Hopkins in Top 10 of Universities Granted U.S.…

Johns Hopkins in Top 10 of Universities Granted U.S. Utility Patents for Third Consecutive Year

 
The Johns Hopkins University received the seventh most U.S. utility patents among universities worldwide in 2016, according to a report released on June 6 by the National Academy of Inventors (NAI) and Intellectual Property Owners Association (IPO). Utility patents are issued to protect inventions—including new processes, machines, manufactured products and compositions of matter—and useful improvements to already existing products.

Based on data from the U.S. Patent and Trademark Office, the report showed that The Johns Hopkins University had 167 U.S. utility patents granted in 2016, up from 143 the previous year. This marks the third consecutive year that Johns Hopkins has placed in the top 10 and is the university’s highest ranking in the report’s five-year history.

“One of the primary goals of The Johns Hopkins University is to bring the benefits of discovery to the world,” says Christy Wyskiel, head of Johns Hopkins Technology Ventures (JHTV) and senior advisor to the President of The Johns Hopkins University. “The extraordinary researchers, faculty members and students at Johns Hopkins take pride in translating innovation into products that provide tomorrow’s solutions to today’s biggest challenges.”

The NAI and IPO compile its rankings by calculating the number of utility patents granted by the U.S. Patent and Trademark Office which list a university as the first assignee. Since the first report in 2013, The Johns Hopkins University has seen its number of granted U.S. utility patents grow. In 2012, the university ranked 15th with 79 granted utility patents but slipped to 20th the following year with 82 granted utility patents. In 2014, Johns Hopkins cracked the top 10 for the first time when it ranked eighth with 140 granted utility patents. The following year, Johns Hopkins again ranked eighth with 143 granted utility patents.

“The continued increase in granted utility patents showcases Johns Hopkins’ commitment to identifying, evaluating and protecting the discoveries of our faculty, staff and students,” says Neil Veloso, JHTV’s executive director of technology transfer. “Johns Hopkins Technology Ventures is equally committed to disseminating this intellectual property through licenses to university startups and established companies.”

The full report of the Top 100 Worldwide Universities Granted U.S. Utility Patents in 2016 can be found here.
 

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