BioBuzz - BioHealth Capital Fund Created To Help Emerging Companies Close Early Stage Capital Gap
BioHealth Innovation (BHI) was created in 2012 by Rich Bendis and key industry leaders to accelerate the commercialization of high potential scientist entrepreneurs and companies within the BioHealth Capital Region (BHCR), which consists of Maryland, Virginia and Washington, D.C.
Prior to BHI’s launch, the region’s development efforts were heavily focused on academic and government research assets. BHI’s mission is to give the life science industry a greater voice within the region and to be more market and entrepreneur-driven. During the last 8.5 years, BHI has grown substantially and spearheaded the effort to create a strong regional brand that is now known as the BHCR.
Now, BHI is taking the next step in its evolution by creating its BioHealth Capital Fund to support emerging companies with early-stage funding.
BHI has grown steadily over time to include 110 clients, 52 of which are active and 30 of which are equity companies within BHI’s portfolio. Raising a fund to expand BHI’s ability to support innovation within the region was a natural extension of the organization’s already robust platform.
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