Maryland is Where
Medtech Happens From an idea’s first breath, to your final product improving lives around the world, and every step in between, Maryland means big opportunities for medtech innovators. Your road to market makes a straight line through Maryland with: • World-class universities and cutting-edge incubators • Easy access to NIH, FDA, CMS • Advanced and flexible manufacturing base • Highly skilled workforce
What’s Happening Here? Everything! When it comes to medtech, diversity is our strength. From startups and spinouts to global corporations, Maryland is already home to more than 300 medical technology and digital health companies developing every type of technology, and that number is growing fast!
Top types of medical devices
Technical aids for disabled persons 8%
Ophthalmic and optical devices 8% Anaesthetic and respiratory devices 9% Wound care 11%
Hospital hardware 4% Imaging and radiation devices 35% Diagnostic devices 34%
Implantable devices 18%
Regenerative medicine, biomaterials, dental devices Other 21% 22%
Single use and delivery devices 31% Reusable instruments 30% Electro mechanical medical devices 27%
Why Maryland? Because the People are in Place! Maryland employs the most PhD scientists and engineers and is home to more than 50 life sciences innovation incubator and accelerator programs. With over 30 medical device consulting firms on the ground, Maryland can guide you from development through commercialization. The 3,000 Marylanders currently working in medical device manufacturing are supported by an influx of science graduates from Maryland’s top universities. Being a leader in STEM also allows us to prepare for tomorrow’s workforce. If it’s happening in medtech, it’s happening in Maryland.
74
Federal Laboratories
50
Top Universities
50+
Incubators & Accelerators
TOP
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Innovative States in the Nation
Federal Access and Funding With Washington D.C. in our backyard and key federal agencies headquartered here, Maryland is at the center of everything. While access is important, funding matters too, and Maryland is #1 per capita with $24.5B in federal research and development obligations. It’s no wonder Maryland is home to 74 federal laboratories, more than twice the number of any other state.
Supportive Environment
From fledgling startup to spreading your global wings, Maryland is committed to building a strong medtech industry. The Maryland Department of Commerce team provides direct logistical support, and comprehensive business funding programs designed to make your ideas reality and get them to the world. Flexible Funding: When it comes to capital, Maryland is here to help with aggressive Advantage Maryland loans, grants and investments. Soft Landings: Maryland supports your U.S. startup with infrastructure, assistance, leadership and partners on the ground and ready to go through our innovative Global Gateway program. Investor Incentives: Our Biotechnology Investor Incentive Tax Credit and Innovation Incentive Tax Credit spur private investment and help those dollars go further to drive your company’s growth. Research and Development: With our leading research facilities and R&D Tax Credit set up to support your research initiatives, you won’t have to go it alone. Job Creation: Maryland helps you put Marylanders to work through the More Jobs for Marylanders Incentive Program and the Job Creation Tax Credit. Workforce Development: We have a world class workforce and we are dedicated to getting your business the people you want with the training you need with our Partnership for Workforce Quality. Export Assistance: Product ready to go? Maryland will help you get it to the world with ExportMD and FlexEx.
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From Inspiration to the Market—Do it All in Maryland
Maryland is your one stop shop for medtech innovation and implementation. Let us show you how in five easy steps.
1. Inspiration: The First Step to Your Future
Some of the greatest minds in the medical fields make Maryland home, and it’s no mystery why. Powerhouse innovation hubs like the Johns Hopkins Center for Bioengineering Innovation & Design, the #1 U.S. Biomedical Engineering program according to U.S. News and World Report; the University of Maryland Fischell Department of Bioengineering; and Maryland’s federal research facilities are at the cutting edge of the medtech revolution generating ideas and developing a talented workforce.
2. Incubation: Don’t Grow it Alone
With over 50 life sciences innovation incubators including medtech-centric facilities, serious entrepreneurial resources, our world-class university system, and thriving private sector, in Maryland you will find fertile ground for your ideas to grow.
3. Access: Proximity is Everything
What do the NIH, FDA and CMS have in common? They are all headquartered here in Maryland. With agency access in your backyard and experienced consultants on the ground to guide you through regulatory compliance and insurance reimbursement, Maryland gives you a running start at the medtech market.
4. Manufacture: Make it in Maryland
Time to make the leap from idea to reality? Maryland has nationally competitive manufacturing incentives to get you started; the deep, flexible, future-facing, ISO-certified industry base you need; and a world-class medtech workforce to get your product to the finish line.
5. Expansion: Your Expressway to the World
Build it here and Maryland will deliver your product to the world. Our central location on the Eastern Seaboard means easy rail, road and air access to the entire U.S.; with the Port of Baltimore in your backyard and innovative programs like ExportMD here to help you navigate overseas markets and get your product to the customers who need it most anywhere in the world.
For more information on medtech in Maryland, visit open.maryland.gov/Industries/life-sciences Ulyana V. Desiderio, PhD Director, Life Sciences ulyana.desiderio@maryland.gov +1-443-835-9038
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