Thirteen companies from Israel will convene in Baltimore at the end of the month to gain familiarity with the nuances of doing business and living in one of the country’s top markets for high-tech and medical innovations.
The Maryland-Israel Development Center’s MarketReach symposium is a yearly event that brings together companies that have already received funding from private investors but are looking to test their business and fundraising mettle in Maryland.
In the past, medical innovation companies have dominated MarketReach events, but the 2012 crop of participants includes Organis, developer of an environmentally friendly insect repellent platform, Sol Chip, a company that makes clean energy systems for low-power applications, and Novospeech, which produces speech recognition software.
The event is meant to increase the Israeli companies’ awareness of the US and Maryland markets and create excitement among Maryland-based investors, researchers, and entrepreneurs. Maryland's research base includes Baltimore's Johns Hopkins University and University of Maryland professional schools, and the Bethesda-based National Institutes of Health, among others.
The impact of MarketReach companies' arrival to explore their options is intended to result in local US bases for the Israeli enterprises. Barry Bogage, Executive Director of the Maryland-Israel Develoment Center, says, "As companies grow, we'll bring them here to open offices in Baltimore and Maryland in general."
More information on participating companies and attending MarketReach America 2012 on March 29 is available at the MIDC
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Writer: Sam Hopkins
Source: Nancy Boguslaw, Maryland-Israel Development Center