11th Annual Fort Detrick Alliance/FITCI Technology Showcase a Success
On September 5th
FITCI hosted the 11th Annual FITCI/Fort Detrick Alliance Technology
Showcase which featured a new partnership with The Maryland Defense Technology
Commercialization Center (DefTech). With nearly 200 people in attendance the
showcase celebrated the acceleration of technology over the years and included
a keynote address from Gary Evans, the executive director of DefTech. The event
also included remarks from Fort Detrick Alliance President Hank Abramson,
Frederick County Executive Jan Gardner, City of Frederick Mayor Michael
O’Connor, and FITCI President and CEO Kathie Callahan Brady.
Fitting in with this
year’s theme, the event showcased technology innovations from 23 clients. Guests
were able to explore FITCI facilities while learning more about these companies
and their innovations in the tech and biotech fields.
Guests and participants
reacted positively to the event, with many stating that it was one of the best
of the year. Showcase participant Brian Appel of Janus Sciences, LLC said that
he was “truly taken aback and amazed by the efforts to allow us fledgling
companies to share our stories.” Appel also praised FITCI President and CEO
Kathie Callahan Brady for her leadership and praised the efforts of FITCI staff
to support clients in “everything [they] have to do.” Appel further stated that
the showcase “raised the bar,” for future tech events and that anyone
interested in participating in future showcases “should definitely take the
time and effort to show what they do to investors, developers, and guests.”
Annual FITCI/Fort Detrick Alliance Technology showcase was made possible by sponsors
such as, Tunnell
Government Services, the Frederick County Office of Economic Development, the
City of Frederick Department of Economic Development, CORPOHS, Frederick County
Bank, Mount St. Mary’s University, The Graduate School at Hood College,
Frederick National Laboratory for Cancer Research, and USA Scientific.
Kara Poole, FITCI
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U.S. DEPARTMENT OF COMMERCE ANNOUNCES 51 “BUILD TO SCALE” GRANTS TOTALING $47 MILLIONTO FUEL INNOVATION AND TECH-BASED ECONOMIC DEVELOPMENT
Contact: EDA Public Affairs Department, (202) 482-4085
October 5, 2022
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding 51 “Build to Scale” grants – totaling $47 million – to organizations that support technology entrepreneurs, catalyze innovation and fuel economic growth.
EDA’s “Build to Scale” program provides annual grants that aim to accelerate technology entrepreneurship by increasing inclusive access to entrepreneurial support and startup capital. The 2022 awardees will leverage an additional $48 million in matching funds from a variety of private and public sector sources. These EDA investments support advanced manufacturing, bioscience, clean energy and blue economy clusters in regions throughout the United States.
"Strengthening technology ecosystems are a critical key to the Biden Administration's efforts to build a stronger America,” said Secretary of Commerce Gina Raimondo. “Innovation and entrepreneurship have long been keys to American success and will continue to strengthen our collective economic and national security, as well as individual prosperity and well-being.”
"EDA is proud to partner with this year's 'Build to Scale' grantees as they invest in entrepreneurs and create equitable access to capital in their communities," said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. "These projects will give the next generation of industry-leading companies a seminal boost that will result in job creation and private investment – potentially transforming a regional economy and creating economic opportunity beyond what we can foresee.”
The 2022 Build to Scale program was comprised of two competitions––the Venture Challenge and the Capital Challenge. The Venture Challenge supports programs that enable high-growth technology entrepreneurship and foster inclusive access to proven entrepreneurship support models. The Capital Challenge increases access to capital in communities where risk capital is in short supply by providing operational support for early-stage investment funds, networks, and training programs that focus on both traditional and hybrid equity-based financing.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.