Start here. That all-encompassing theme reverberated across Johns Hopkins Technology Ventures’ efforts to bring the benefits of discovery to the world in fiscal year 2017.
Below, we proudly present the many ways JHTV has stimulated the innovation ecosystems at Johns Hopkins and in Baltimore, building their reputations as ideal places for innovators and entrepreneurs to develop tomorrow’s solutions for today’s biggest challenges.
JHTV’s Technology Transfer office received 549 invention disclosures, a 10 percent increase from the previous year, and executed 174 new agreements, a 7 percent increase from fiscal year 2016.
We attribute these results — the most invention disclosures received and most licenses and agreements executed in JHTV history — to our commitment to customer service.
Access to affordable space, services and funding is key to the development of innovative technologies. In fiscal year 2017, JHTV continued enriching Johns Hopkins’ and Baltimore’s innovation ecosystems through investments in these areas, so innovators have the resources they need to start and stay in Baltimore. FastForward provided innovation space to 32 companies over the course of the year.
FastForward innovation hubs empower startups to reach their potential. In doing so, they encourage these emerging businesses to develop, grow and stay in Baltimore.
FastForward 1812 cements East Baltimore as one of our city’s premier innovation districts, providing startups, investors, industry experts and leading academic researchers opportunities to meet, network, collaborate and grow.
The 23,000-square-foot space more than doubles JHTV’s innovation footprint in Baltimore, and adds 15,000 square feet of much-needed affordable wet lab space for startups. FastForward 1812 housed 21 startups at the fiscal year’s close.
Private offices and co-working desks
State-of-the-art conferencing and meeting spaces
Free WiFi and high-speed Internet connections
Full-time office manager
Private BSL2 wet labs and shared BSL2 wet lab with rentable benches
Cell culture, microscopy and cold storage rooms
An assortment of shared scientific instruments
Full-time, experienced lab manager
Johns Hopkins’ first innovation hub, FastForward Homewood moved from the Stieff Silver building to R. House in early fiscal year 2018. FastForward R. House gives JHTV a presence in Remington, a burgeoning hub for entrepreneurship within blocks of the Homewood campus.
Located across from FastForward 1812, FastForward East began transitioning to a student-dedicated innovation hub in fiscal year 2017.
This September, FastForward East will also house the startups selected for the M-1 Ventures accelerator for connected health and fitness startups.
In April 2017, JHTV opened its first student-dedicated innovation hub in Johns Hopkins University’s Wyman Park Building, providing registered FastForward U members 24/7 access to co-working space, meeting rooms and workstations.
In 2018, JHTV will move the innovation hub to Remington’s “Grey Ghost” building, located across from FastForward R. House.
JHTV provides entrepreneurs with mentorship and guidance as they navigate unfamiliar challenges, enabling them to bring life-changing technologies to market faster.
The 2016-2017 Social Innovation Lab(SIL) cohort featured 10 teams developing solutions for challenging social issues related to teacher retention in city schools, mental health, access to health care and more.
Shantell Roberts was selected by her peers to receive the inaugural $25,000 Cohort Prize, which will propel her mission of reducing SIDS in Baltimore.
Neighbor-in-Residence – Nan Rohrer
SIL created this position to help ventures develop deep connections with neighborhoods, community organizations and local government.
Across three short courses, 20 mentors provided counsel for the commercialization efforts of 54 scientists and engineers from 32 teams. They taught various skills, including how to develop effective business plans and perform customer discovery.
“I recommend other people in the academic world to go ahead and pursue the I-Corps program because it is instructive, and the lessons you’re taking from the customers can help you refine the work you’re doing in research.” – Dr. Dan Stoianovici, Director, Urology Robotics Program, Johns Hopkins Medicine
This event enabled researchers from The Johns Hopkins University and the University of Maryland, Baltimore to showcase early technologies to more than 260 potential customers, investors, mentors and partners.
The Abell Foundation Award Winner ($50,000)
John R. Murphy and William Bishai, Johns Hopkins University School of Medicine
The Commercialization Academy had 21 graduate and undergraduate student fellows, including 18 added in fiscal year 2017. The program teaches commercial assessment skills and provides experience marketing Johns Hopkins technologies. Last year, fellows completed 270 market analyses, patent searches, marketing summaries and other projects – twice the number from the previous year.
When developing a business, entrepreneurs face many unfamiliar challenges. This year, in addition to pro bono legal support from DLA Piper, Saul Ewing, Venable and Whiteford Taylor Preston, FastForward startups received pro bono accounting support from SC&H Group.
Co-hosted by Johns Hopkins University’s Carey Business School and Whiting School of Engineering, the event featured 50 participants who divided into 12 teams and received mentorship that showed how to move ideas from lab to market.
The JHTV-FDA Fellows program fostered the symbiotic educational experience of both startups and regulatory officers to uncover the challenges of moving products and services through the regulatory path. There were two cohorts in fiscal year 2017.
JHTV works closely with innovators and entrepreneurs to identify funding opportunities that accelerate technology commercialization, bridge the “valley of death” and move endeavors forward.
Managed by the Johns Hopkins Institute for Clinical and Translational Research, the ATIP program awarded six grants of up to $100,000 in fiscal year 2017 to fund projects aiming to improve clinical interventions.
Eight teams of biomedical engineers and practicing clinicians received funding ranging from $25,000 to $100,000 to accelerate research collaborations’ market readiness. In total, the partnership provided $543,280 in funding in fiscal year 2017.
Six teams of student startups were awarded a combined total of up to $60,000 in grants for this experiential learning opportunity. Each received a $5,000 non-dilutive grant and the opportunity to earn up to $5,000 more.
This fellowship provided MoTrack Therapy $10,000, mentorship and co-working space, enabling its Johns Hopkins undergraduate founders to grow the business during summer break. An anonymous donor will fund this award through 2020.
JHTV had 16 active industry collaborations in fiscal year 2017 that are helping to bring Johns Hopkins technologies to market. Highlights include:
Signed in September 2016, this oncology collaboration already has its first cycle of sponsored research projects underway. JHTV received more than 40 letters of intent from Johns Hopkins faculty members, which resulted in 13 full proposals, from which four were selected to be funded this cycle.
In addition to oncology, a collaboration in neurodegeneration is underway and other areas of collaboration are being explored.
Bayer is supporting six sponsored research projects at the Wilmer Eye Institute as well as the pharmacokinetics team at Johns Hopkins Drug Discovery program.
Last spring, Johns Hopkins hosted a Bayer Life Science Workshop, which focused on combining radiotherapy and immuno-oncology. The event brought together more than 60 scientists and clinicians from Bayer, Johns Hopkins and other academic medical centers.
In June 2016, Johns Hopkins announced it had entered into a cancer consortium with The University of Pennsylvania, Columbia University and Mt. Sinai School of Medicine. Among the projects presented to Celgene were two from Johns Hopkins focused on inhibiting cancer through epigenetics.
In fiscal year 2017, Hopkins and MedImmune selected the first candidates for the Johns Hopkins-Medimmune Scholars Program. This first-of-its-kind Ph.D. program continues a relationship that has borne 13 collaborative research projects.
Last spring, Toshiba Medical/Canon installed a state-of-the-art MRI machine in the 1812 Ashland building, located in the Hopkins Biotech Park. This new instrument will support additional faculty research. Toshiba Medical/Canon is the first industry tenant in the new building.
JHTV has seen demand for space, programming and funding surge among Johns Hopkins’ student entrepreneurs. FastForward U is empowering this next generation of innovators with the resources they need to develop ideas and disruptive technologies into successful startups.
In April 2017, JHTV opened its first student-dedicated innovation hub. The space at Wyman Park Building provides student entrepreneurs with 24/7 access to a conference room, 14 co-working desks and a pitch practice area. In 2018, the space will move to the “Grey Ghost” building across from FastForward R. House which will provide 9,000 square feet of co-working, office, conference and event space along with a robust maker space.
Additionally, the FastForward East innovation hub will transition into a student-dedicated space during the 2017-2018 academic year.
Over a weekend, three dozen students learned entrepreneurship basics, idea development and skills for building a sustainable business. The program, organized by Johns Hopkins undergraduate Simon Barnett with support from JHTV, received applications from 100 interested students.
This series, hosted three times in the spring semester, supported students and young professionals interested in innovation, startups and entrepreneurship. In addition to brainstorming and networking, the events also featured workshops.
Held in the fall and spring, a total of 508 students from universities in and around Maryland worked 36 hours straight to design and bring to life software and hardware that solves real-world problems.
MoTrack Therapy, the second winner of this award, used the funding, mentorship and space provided to continue the clinical testing and product development efforts of its at-home hand therapy solution.
JHTV aspires to bring the benefits of discovery to the world and to revitalize Baltimore. While acknowledging the ongoing challenges of this mission, JHTV presents the following data as an indicator of traction gained in fiscal year 2017.
Forbes 30 Under 30: Param Shah & Alex Matthews – Fusiform/FactoryFour
AUTM National Business Plan Competition: Three of four finalists, including the winner, LifeSprout $10,000, came from Johns Hopkins
Baltimore Business Journal 40 Under 40: J.J. Reidy – Urban Pastoral, Param Shah – Fusiform/FactoryFour
TEDCO ICE winners: Wendy Perrow, AsclepiX Therapeutics – Entrepreneur of the Year; Glyscend – Innovation Award
Johnson & Johnson Innovation Quickfire Challenge: Glyscend – $500,000
43North: Pathovax – $500,000
Health 2.0’s Start-Up Stand-Up pitch competition: Quantified Care
Beta City’s Venture Capital Pitch Day: Tissue Analytics – $50,000
A 2017 report ranked Johns Hopkins seventh in U.S. utility patents granted among universities worldwide in 2016
16 researchers selected to the Johns Hopkins chapter of the National Academy of Inventors
Commitment to service
In an effort to better serve the audiences with whom we regularly engage — primarily faculty members, industry collaborators and investors — we introduced several initiatives designed to make working with JHTV more seamless and to encourage future collaborations.
2-2-2: JHTV’s 2-2-2 program has increased transparency and responsiveness to faculty disclosing inventions. In its first full fiscal year with the 2-2-2 initiative, the Tech Transfer team met its goals of responding to a disclosure within two days, setting a meeting within two weeks and providing a written decision within two months more than 95 percent of the time.
New technology search: At the end of fiscal year 2017, JHTV rolled out an upgraded technology search engine to provide more accurate results, the ability to easily refine and export results, and notifications when technologies of interest are added. Inspired by e-commerce sites, the new functionality wholly improves user experience as they search Johns Hopkins’ technology portfolio.
New website: Thoughtfully designed with consideration for each of JHTV’s target audiences (inventors, industry collaborators/investors and entrepreneurs), JHTV’s revamped site came online in the spring, contributing to a year-over-year 25 percent increase in traffic for May and June.
CNBC: “Baltimore’s affordability, educational feeder system and accessibility are among the reasons entrepreneurs are laying down roots.”
MSN: “Led by Under Armour CEO Kevin Plank and Johns Hopkins University, billions are being invested in Baltimore redevelopment projects and start-ups.”
Pew Charitable Trusts: “Baltimore…is experiencing some of the biggest increases in the number of young college graduates among large cities.”
Bloomberg: “Maryland jumped two spots this year to edge into the top five most innovative states.”
Baltimore Business Journal: “We looked at cities across the East Coast. Baltimore has active commerce and a great biopark with access to terrific research institutions.” J. Randall Hoggle, chairman of Vitreon
In fiscal year 2018, JHTV will build upon the momentum of our accomplishments to continue to bring novel solutions to market, inspire the next generation of Johns Hopkins entrepreneurs and grow Baltimore’s innovation ecosystem.
FastForward R. House
In the first quarter of fiscal year 2018, JHTV opened FastForward R. House, the first FastForward facility within walking distance of the Homewood campus.
The thoughtfully-designed innovation hub features 9,000 square feet of co-working, office and conference space as well as laboratories and a maker space with 3-D printers for building prototypes. FastForward R. House will support up to 10 startups at any given time.
FastForward U Homewood
Located across the street from R. House just a short walk from the Johns Hopkins Homewood campus, JHTV’s newest student-dedicated innovation hub will occupy 9,000 square feet in Remington’s Grey Ghost building. It will open in 2018.
Johns Hopkins, Plank Industries, the University of Maryland, The Abell Foundation, Brown Advisory and several other area institutions have pledged support for M-1 Ventures. The 16-week program was designed to catalyze connected health and fitness startups within Baltimore’s unique support system. The accelerator will run over the course of the fall months concluding with a demo day in December.