Southern Maryland Chronicle
July 29, 2019
U.S. Senators Chris Van Hollen and Ben Cardin and Representatives Elijah E. Cummings, Dutch Ruppersberger, and John Sarbanes (all D-Md.) today announced that Johns Hopkins University Technology Ventures (JHTV) division has been awarded more than $633,500 through the competitive i6 Challenge of the U.S. Department of Commerce Economic Development Administration (EDA).
The funding will be used to create the Chesapeake Regional Digital Health Exchange (CReDHx), a strategic economic development effort. Among other activities, this initiative will develop a strong and diverse local technology workforce through partnerships with local educators such as Morgan State University and Baltimore City Public Schools and foster the connections between regional small businesses, investors, and other institutions engaged in the digital health field. Coupled with about $654,000 in other public and private financing, this grant will fund the project for three years.
“Our state is at the forefront of health care innovation, and this federal investment will help streamline and improve health services for families across Maryland – as well as provide important training, create good-paying jobs, and boost the economy,” said Senator Van Hollen, a member of the Senate Appropriations and Budget Committees. “I will keep working in the Senate to make smart health care investments to provide all Marylanders access to quality, affordable health care.”
“Maryland’s top-tier academic institutions and research facilities, and our strong health care sector, give us a head start in the race to lead the nation in the growing field of digital health,” said Senator Cardin, Ranking Member of the Senate Small Business and Entrepreneurship Committee. “This federal investment will give a boost to Maryland entrepreneurs, researchers, and students working in digital health, so they can continue inventing groundbreaking products to revolutionize the healthcare industry.”