The U.S. Economic Development Administration awarded more than $600,000 to a division of Johns Hopkins University on Tuesday to increase economic development in the region’s digital health field.
The Johns Hopkins Technology Ventures division won a grant to launch the Chesapeake Regional Digital Health Exchange. The federal government will provide $634,000, with another $654,000 in matching funds from an array of private and public sector sources.
The program is expected to create a network of research facilities, startups and health care companies to bolster the region’s digital health care field,, according to a press release by the U.S. Economic Development Administration.
The university was one of 44 organizations that won a grant from a pool of 183 applicants. The U.S. Economic Development Administration’s Regional Innovation Strategies program aims to grow entrepreneurship in the United States.