The University System of Maryland and Johns Hopkins University will be co-hosting the summit, which is expected to pull in around 1,500 stem cell stakeholders throughout the world, along with The Genetics Policy Institute.
Discussing his Bio 2020 initiative to increase funding to life science ventures $1.3 billion over the next 10 years, O'Malley said the summit's selection of Baltimore follows a great deal of recognition over Maryland's efforts to invest into its future.
"Maryland is a state that's moving forward," O'Malley said, referring to how the Milken Institute recently ranked Maryland second in Technology Concentration and Dynamism and first for investment in its workforce. "We're in the best position to leverage our assets for economic growth."