A new program is looking to help a group of medical technology startups from Israel enter the U.S. market through Maryland.
MarketReach America aims to bring a group of 15-20 startups working in digital health and medical devices to Maryland to meet potential customers and medical institutions in the state. The University of Maryland, Baltimore, will also introduce experts in specific areas.
During the two-week program, the founders and executives will also receive training on interacting with U.S. government research and regulatory agencies from iCorps instructor Bob Storey. These include Maryland-based agencies such as the U.S. Food and Drug Administration, Center for Medicare and Medicaid Services and NIH.
The program is being run by the Maryland/Israel Development Center, which is providing funding along with the Maryland Department of Commerce, UMB, the Israel Innovation Authority and the Abell Foundation, which provided a grant.
“Our goal is to help Israeli entrepreneurs understand how to scale up in the U.S. market and ultimately establish a presence in Maryland,” MIDC Chairman Alvin Katz said in a statement. Three startups will also get access to office space.
It’s an extension of recent work from the state to strengthen trade ties with Israel. We’ve previously seen Israeli companies landing in the state in the area of cybersecurity, with moves such as Cyberbit’s decision to open its first U.S. training “range” in Baltimore. This program shows engagement in another area of tech strength for the state.
“This new binational business training program is a great example of the kind of collaboration and partnership we strive to achieve to boost trade, foster entrepreneurship, and build on our long and proud shared history,” Gov. Larry Hogan said in a statement.-30-