Congressman John Sarbanes (D-Md.) today joined U.S. Senators Ben Cardin and Chris Van Hollen, along with Representatives Elijah E. Cummings and Dutch Ruppersberger (all D-Md.), in announcing more than $633,500 in grants from the competitive i6 Challenge of the U.S. Department of Commerce Economic Development Administration (EDA) to Johns Hopkins University Technology Ventures (JHTV).
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. It will also help connect regional small businesses with investors and other institutions engaged in digital health. Matched with nearly $654,000 in additional public and private financing, this federal grant will fund CReDHx for three years.
“This new federal investment in the Chesapeake Regional Digital Health Exchange at Johns Hopkins University will help fortify and expand Maryland’s leadership in digital health innovation,” said Congressman Sarbanes. “By strengthening our state’s research facilities and incentivizing startup growth, we can drive modernization and bolster information sharing to improve the delivery of health care across our state.”
“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.”
“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.”
“Johns Hopkins University is a global leader in healthcare, and I am pleased that JHU’s Technology Ventures division was awarded a federal grant to launch the Chesapeake Regional Digital Health Exchange,” said Congressman Cummings. “Maryland and the greater Chesapeake region are poised to benefit greatly from this grant to advance digital health. Advancements through this grant will bring cutting edge healthcare technologies into our communities, helping to make sure everyone has access to the high-quality healthcare they need. The grant will also help provide economic opportunities to minority entrepreneurs in digital health while also introducing students to digital health technologies.”
"This is exactly the type of common sense, community investment that we should be making on behalf of the taxpayers. With world-class universities and hospitals and an already-vibrant healthcare industry, our region is poised to become the east coast capital of digital health,” said Congressman Ruppersberger. “This grant will connect all of these assets with the end-goal of creating new start-up businesses, products, technologies and jobs.”