Year In Brief FY 2017

Year In Brief FY 2017

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.

Impact Assets corporate partnerships Student Entrepreneurship Milestones Milestones

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Impact

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.

 

549 Invention Disclosures Received 174 New Agreements, including Options $17.1 Million Licensing Revenue

Tech Transfer Figures

18 Newly Created Startup Companies

• AMAZ
• Canopy Biosciences, LLC
• CyThera Pharmaceuticals, Inc.
• EduMD, LLC
• EnzenX LLC
• Galen Robotics
• Glyscend
• Halobeam Technology
• Kley Dom Biomimetics, LLC
• LifeSprout
• Mind Halo
• Neuraly, Inc.
• Othro Therapeutics
• Radiopharmaceutical Imaging and Dosimetry (RAPID)
• Renalert
• StoCastic, LLC
• Theraly Fibrosis, Inc.
• Y-Trap, Inc.

Facts and Figures

Student Startups Receiving Ralph S. O’Connor Undergraduate Entrepreneurship Fund Awards

• ForagerOne
• Fractal Technology
• Gaius
• Kaleyedos
• Squadz
• feedfin

FastForward Facts and Figures

 

Facts and Figures


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Impact

 

SPACE  |  SERVICES  |  FUNDING

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.

 

 

 

SPACE


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

FastForward 1812


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.


    HUB SPACE

  • 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


    LAB SPACE

  • 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

FastForward: R. House

FastForward Homewood


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.

FastForward East


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.

FastForward U: Grey Ghost

FastForward U


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.

 

 

 

 

 

SERVICES


JHTV provides entrepreneurs with mentorship and guidance as they navigate unfamiliar challenges, enabling them to bring life-changing technologies to market faster.

SIL


 

Social Innovation Lab

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.

SIL Key Stats

  • 40% of ventures led by community members
  • 90% of ventures led by women or people of color
  • 90% of ventures impacting Baltimore

MIR


 

Mentors-in-Residence

These experienced entrepreneurs, industry leaders and venture capitalists help Johns Hopkins faculty members and startups commercialize technologies.

In fiscal year 2017, the program featured 15 mentors who provided more than 1,000 hours of guidance to 98 projects.

 

I-Corps


 

NSF’s I-Corps Program

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

 

2016 Alliance for Science and Technology Development


 

2016 Alliance for Science and Technology Development

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

Academic Awards ($25,000)
Aaron Chang, Johns Hopkins Deparment of Biomedical Engineering

Maryland Department of Commerce Life Prize Start-Up Winner ($25,000)
Max and Haley, LLC – Omar Ahmad (Co-founder/CEO), Kevin Olds (Co-founder/President) and John Krakauer (Co-founder/CMO)

The Commercialization Academy


 

The Commercialization Academy

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.

 

Legal/Accounting Support Program


 

Legal/Accounting Support Program

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.

 

JHU Bootcamp for Technology Entrepreneurs


 

JHU Bootcamp for Technology Entrepreneurs

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.

 

FastForward Educational Series


 

FastForward Educational Series

JHTV’s year-long educational series featured 21 events, including seven Startup Creation Series speaker seminars. In total, the educational series attracted more than 850 attendees.

 

JHTV-FDA Fellows Program


 

JHTV-FDA Fellows Program

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.

 

 

 

 

 

 

Funding


JHTV works closely with innovators and entrepreneurs to identify funding opportunities that accelerate technology commercialization, bridge the “valley of death” and move endeavors forward.

Accelerator Translational Incubator Pilot


 

Accelerator Translational Incubator Pilot

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.

 

Accelerator Translational Incubator Pilot


 

Cohen Translational Engineering Fund

Available to Johns Hopkins Whiting School of Engineering faculty, the Cohen Fund provided $216,064 to help seven projects move engineering research into the marketplace.

 

The JHU-Coulter Translational Partnership


 

The Johns Hopkins-Coulter Translational Partnership

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.

 

Louis B. Thalheimer Fund for Translational Research


 

Louis B. Thalheimer Fund for Translational Research

Dr. Krishnaj Gourab and Dr. John Laterra received a combined $195,549 to produce proof-of-concept, prototype and commercial feasibility studies that will help move their technologies to market.

 

The Maryland Innovation Initiative


 

The Maryland Innovation Initiative

Designed to advance the commercialization of technologies emerging at Maryland research institutions, MII awarded nearly $2.4 million in grants to 19 Johns Hopkins teams in fiscal year 2017.

 

Ralph S. O’Connor Undergraduate Entrepreneurship Fund


 

Ralph S. O’Connor Undergraduate Entrepreneurship Fund

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.

 

Summer Undergraduate Entrepreneurship Award


 

Summer Undergraduate Entrepreneurship Award

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.

 

 
 

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corporate partnerships

 

JHTV had 16 active industry collaborations in fiscal year 2017 that are helping to bring Johns Hopkins technologies to market. Highlights include:

 


AbbVie

AbbVie

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

Bayer

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.

Celgene

Celgene

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.

MedImmune

MedImmune

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.

Toshiba Medical/Canon

Toshiba Medical/Canon

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.

 
 


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Student Entrepreneurship
FastForward U

 

SPACE  |  PROGRAMMING  |  FUNDING

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.

 

Tech Transfer Figures

 

 

SPACE


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.

 

FastForward Rangos FastForward Rangos FastForward U: Gray Ghost

 

 

 

 

 

Programming


3-Day Startup


 

3 Day Startup

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.

 

Pitches and Pizza


 

Pizza and Pitches

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.

 

MedHacks


 

MedHacks

This student-run event attracted nearly 400 students interested in learning more about medical entrepreneurship and technological development.

 

HopHacks


 

HopHacks

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.

 

I-Corps


 

I-Corps

This National Science Foundation program helps scientists and engineers think outside of the lab to develop business plans and perform customer discovery projects.

 

 

 

Funding


Ralph S. O’Connor Undergraduate Entrepreneurship Fund


 

Ralph S. O’Connor Undergraduate Entrepreneurship Fund

The 2016-2017 O’Connor cohort featured six diverse teams consisting of upper and underclassmen working on technologies at various stages of development.

“We applied to be part of the O’Connor Fund cohort to obtain the mentorship and support that will accelerate our growth.”
– Ron Boger, CEO Gaius

 

Accelerator Translational Incubator Pilot


 

Summer Undergraduate Entrepreneurship Award

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.

 

 
 

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Impact

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.

Startup Recognition

Startup recognition

  • 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
  • BioHealth Innovation Crab Trap Competition: LifeSprout – $10,000
  • 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

Novel innovation

Novel innovation

  • 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

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.

In the news

In the news

  • U.S. Chamber of Commerce: “Baltimore’s entrepreneurs are leading Charm City’s comeback.”
  • 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

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Impact

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

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: Grey Ghost

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.

M-1 Ventures

M-1 Ventures


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.

 
 
 
 



Overview Impact Assets corporate partnerships Student Entrepreneurship Milestones Milestones


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