Maryland Officials Recap Economic Development Trip to Asia

MDbizMedia —  June 15, 2011 — Leave a comment

By Leah Michaels

 

Governor O'Malley delivers keynote at the Bio & Medical Forum in Seoul, Korea.

Governor O’Malley, Secretary Johansson, University of Maryland College Park President Loh, and many Maryland business owners debriefed local media on their recent trip to Asia in Annapolis yesterday.  The 68-member delegation traveled to Asia, visiting China, Korea and Vietnam, to create partnerships that resulted in million dollar investments for Maryland businesses.

At the first destination in China, Maryland and Chinese businesses renewed familiar partnerships and created novel relationships. Maryland’s International Incubator at College Park renewed their partnership with Chinese solar energy company, DaSol, and added Chinese biotech companies, Sunscape and Cell Path.

“At my inauguration in April, I identified four strategic priorities: student opportunity; innovation and entrepreneurship; internationalization; and service to the people of Maryland.  The China visit is a step forward in advancing each of these goals,” said Dr. Loh in an email to the University of Maryland community. “I learned two things from this visit – the “University of Maryland” brand is widely recognized and highly valued in China and the opportunities for mutually beneficial UM-China partnerships are limited only by our imagination and engagement.”

University of Maryland BioPark officials sign a cooperation agreement with Seoul Digital Media City.

While there, several other Maryland based companies established trade relations with Chinese companies, including:

  •  Martek Biosciences Corporation, based in Columbia, Maryland, and Fortune Global 500 company, COFCO, renewed their previous partnership. Martek is famous for its DHA™ product which is a source of omega-3 that stimulates brain, eye, and heart health. The collaboration between these two companies will result in a cooking oil product produced by COFCO that will be synthesized with Martek’s omega-3 infused DHA product.
  •  Global design firm, RTKL, based in Baltimore, Maryland will be providing their creative design services to Beijing United Family Hospital.
  •  Towson University will present Pudong Educational Bureau with a faculty training program and school management services.
  •  Language barriers will be breached as Baltimore, Maryland-based Wall Street Institute School of English will provide an English language training program for the Shanghai Police Academy.
  •  Planned Systems International (PSI), based in Columbia, Maryland, and China’s SkyNet signed an MOU and jointly invested in a cloud computing center which will aid China in their need for new healthcare reform and information. This partnership will also result in a cooperative R&D center at PSI’s Columbia headquarters.

    Governor O'Malley delivers a speech at the Hopkins Nanjing Center in China.

While in Vietnam, multiple deals were made between Maryland and Vietnamese companies:

  • There are only a few U.S. companies licensed to distribute pharmaceutical products in
    Vietnam. One of the few is Rockville-based AmeriSure Pharmaceuticals, who paired with one of Vietnam’s largest state-owned pharmaceutical firms, VIMEDIMEX.
  •  Baltimore, Md. based company Marlin Steel Wire, made a collaboration agreement with Vietnam’s state owned, manufacturers of steel and fabrication products, Inox Hoa Binh.
  •  MIH-IDI Capital, based in Rockville, Maryland signed an agreement with Vietnamese
    firm Rising Sun Home Co. to serve as MIH-IDI’s agent to attract potential investors through Maryland’s EB-5 Regional Center.
  •  Ellicott City, Maryland based company Blue Wing Environmental Solutions and Technologies partnered with Vietnam Natural Resources and Environmental Corporation (VINANREN). VINANREN will incorporate and promote Blue Wing’s floating island products in Vietnam, which improve water quality, reduce the effects of erosion, and beautify waterscapes.

“With many of Maryland’s top business leaders and educators among our delegation, we sent a strong message to companies in China, Korea and Vietnam that Maryland is the gateway to doing business in the U.S., particularly in the life sciences and high-tech industries,” said Governor O’Malley. “We are looking forward to welcoming Tasly to Maryland, and I am confident that this mission will continue to open doors for new investments and help Maryland businesses navigate untapped opportunities to provide goods and services to some of the world’s fastest growing economies.”

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