Frederick, MD., May 5, 2021 -- BioSolution Designs, LLC, announces that initial Seed Round goals are met and full operation begins as of May 1. BSD Founder and President, Dr. Thomas Reed, will direct use of the funding to accelerate existing collaborative initiatives developed over the past year. These efforts are focused on inventing biotools useful for drug discovery and product development.
In order to extend its collaborative reach, BSD is expanding beyond its Florida headquarters in Palm Beach County and recently joined Maryland's FITCI technology incubator in Frederick MD. BSD Business Manager Sam Glickstein is located in Frederick where he is leading efforts to identify and initiate collaborative opportunities within the 'BioCapital Region' of Delaware, Maryland, Virginia, and Washington DC.
About Biosolution Designs, LLC: BioSolution Designs (BSD) is an Intellectual Property holding company focused on inventing high-value product classes for Life Science Researchers and Biotherapeutics Product Developers. For more information and to follow BSD's progress, please visit www.biodzn.com
About Dr. Thomas Reed: Dr Thomas Reed was a founder of Genomatix, which became the publicly traded company Intrexon, and is now known as Precigen. Dr. Reed served as Chief Science Officer of Intrexon for over 20 years and launched BioSolution Designs in April 2020. www.tdrDNA.com
Press Contact: Sam Glickstein, Business Manager, [email protected], 561-528-4561
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BIOSOLUTION DESIGNS
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U.S. DEPARTMENT OF COMMERCE ANNOUNCES 51 “BUILD TO SCALE” GRANTS TOTALING $47 MILLIONTO FUEL INNOVATION AND TECH-BASED ECONOMIC DEVELOPMENT
Contact: EDA Public Affairs Department, (202) 482-4085
October 5, 2022
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding 51 “Build to Scale” grants – totaling $47 million – to organizations that support technology entrepreneurs, catalyze innovation and fuel economic growth.
EDA’s “Build to Scale” program provides annual grants that aim to accelerate technology entrepreneurship by increasing inclusive access to entrepreneurial support and startup capital. The 2022 awardees will leverage an additional $48 million in matching funds from a variety of private and public sector sources. These EDA investments support advanced manufacturing, bioscience, clean energy and blue economy clusters in regions throughout the United States.
"Strengthening technology ecosystems are a critical key to the Biden Administration's efforts to build a stronger America,” said Secretary of Commerce Gina Raimondo. “Innovation and entrepreneurship have long been keys to American success and will continue to strengthen our collective economic and national security, as well as individual prosperity and well-being.”
"EDA is proud to partner with this year's 'Build to Scale' grantees as they invest in entrepreneurs and create equitable access to capital in their communities," said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. "These projects will give the next generation of industry-leading companies a seminal boost that will result in job creation and private investment – potentially transforming a regional economy and creating economic opportunity beyond what we can foresee.”
The 2022 Build to Scale program was comprised of two competitions––the Venture Challenge and the Capital Challenge. The Venture Challenge supports programs that enable high-growth technology entrepreneurship and foster inclusive access to proven entrepreneurship support models. The Capital Challenge increases access to capital in communities where risk capital is in short supply by providing operational support for early-stage investment funds, networks, and training programs that focus on both traditional and hybrid equity-based financing.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.
