MDC Studio and Verte Fund Featured in Technical.ly Baltimore
A lead article in Technical.ly Baltimore by Steven Babcock featured the MDC Studio and the MDC-Verte Impact Fund. The article summarized the formation of both the Studio and the Fund and their shared goals for the creation and development of MedTech companies in Baltimore.
“Teaming with the Verte Fund to form the MDC-Verte Impact Fund is an imprtant development for the MDC Studio. The fund will benefit not only the MDC Portfolio companies, but also other companies in the region. We are grateful to the Technical.ly team for the article highlighting this milestone for our companies,” said Dr. Gil Blankenship Founder of MDC.
About MDC-Verte Impact Fund
The Verte OZ Fund, Inc., College Park MD, was founded by Dr. Leonard Mills to invest in companies located in Opportunity Zones throughout the United States.
Federally-designated opportunity zones are found throughout the United States and include many locations in Maryland. Startups located in these historically economically distressed zones have a commitment to creating jobs, fostering innovation, and creating social impact in the area. Opportunity Zone (OZ) investments are commonly utilized by real estate developers; however, the statute also supports investments in companies in OZs.
About the MDC Studio
The MDC Studio is the operational unit of the Maryland Development Center Partnership, which was founded in 2016 in Baltimore, Maryland. MDC Studio functions as a MedTech Startup Studio that provides engineering support, business development services, and funding to create and support companies commercializing medical devices. The Studio works with inventors to develop their ideas into working prototypes and marketable products and form companies that will grow and create value for both their shareholders and all of society. MDC Studio Baltimore is located in the historic Wilkens-Robins building in the heart of Baltimore, near the University of Maryland Medical Center, and Johns Hopkins University where MDC’s founding partners and affiliates practice, teach, and research state of the art surgery and medicine.