daily304 - Episode 02.26.2024

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.  

Today is Monday, Feb. 26  

WV entities collaborate with a 3D printing manufacturer to create jobs and advance biomedical manufacturing--#YesWV. Want to help boost WV entrepreneurs? Become an angel investor! And register now for Bridging Innovation Week…on today’s daily304.

#1 – From PR NEWSWIRE – The Advanced Development of Additive Manufacturing Inc., a provider of 3D printing systems for customized bone implants, has announced a collaboration between private and public sector stakeholders in West Virginia to build the foundation for a transformative biomedical manufacturing system. 

The agreement represents a significant economic development opportunity for West Virginia as the collaboration between A.D.A.M., Marshall Advanced Manufacturing Center, West Virginia Department of Economic Development, Necessity Ventures, and the Civil-Military Innovation Institute.

The memorandum outlines several impactful initiatives, including establishing a materials processing facility in the Huntington area, a point-of-care facility, and a series of training and workforce development initiatives that could create up to 50 jobs.

The collaboration extends throughout West Virginia with engagement with CMI2, a non-profit defense innovation organization focusing on rapid development and technology transition to meet warfighter needs. CMI2 boasts operations in Morgantown, Clay, and Shepherdstown.

“I have every expectation this investment will add jobs to West Virginia's growing biomedical manufacturing industry, and CMI2 is excited to be part of the consortium making it happen,” said Dr. Zenovy Wowczuk, founder of CMI2. 

Read more:

https://www.prnewswire.com/news-releases/advanced-development-of-additive-manufacturing-inc-signs-innovative-collaboration-agreement-with-west-virginia-entities-302065609.html 

#2 – From CRAN –  Thanks to the Country Roads Angel Network, West Virginia entrepreneurs have access to supportive investors they can look to for guidance.  CRAN’s investor-members donate significant time to mentoring, both before and after a venture is ready for funding.  

CRAN’s efforts have resulted in direct investments totaling $1,089,250 in six Mountain State companies. This $1+ million seed money was ultimately leveraged by the companies into another nearly $10 million in additional capital.  

If you’re interested in joining as an investor or would like to apply for funding, visit www.wvcran.com and fill out the form. 

Learn more:

https://wvcran.com/contact/

#3 – From WV BUSINESSLINK – Registration is now open for Bridging Innovation Week. The annual symposium advances entrepreneurship-led economic development by providing connection and education to business owners, current and prospective entrepreneurs, and entrepreneur serving organizations throughout West Virginia. 

Organizers are actively seeking sponsors and exhibitors for the 2024 event, which takes place April 8-11 in Huntington. This is an excellent opportunity for your organization to showcase the contributions you provide to the state’s entrepreneurship ecosystem. 

Learn more:

https://wvbusinesslink.com/register-for-bridging-innovation-week-2024/

 

Find these stories and more at wv.gov/daily304.

The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo. 

That’s all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.