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June 04, 2020

CarrTech LLC Among Winners of the Competitive Spring Shore Hatchery

Frederick, MD - CarrTech LLC, a medical preparation device company with a prototype filter for medications packaged in glass ampules, won fifth place in the pitching competition at 2020 Spring Shore Hatchery. The Perdue School of Business Philip E. & Carol R. Ratcliffe Foundation Shore Hatchery is a bi-annual Mid-Atlantic business competition, that assists entrepreneurs in creating new jobs in the region. The goal of the Shore Hatchery is to reward individuals for their entrepreneurial efforts in the creation and growth of businesses with the potential of positively impacting regional employment within three years. Startups have a chance to win a share of $200,000 annually. CarrTech, LLC’s CEO, Sue Carr, together with her team John Brzezenski, Terri Lopatka, Gary Lopez and John Nazzaro, were awarded Hatchery’s Award of $10,000.

William Burke, SU director of Shore Hatchery and executive director of economic development, thanked the board members and judges for their commitment to the program and their fellow business owners and encouraged all of this year’s competitors to continue honing their ideas. “This is a great time for entrepreneurs,” he said. “When there are challenging times, they have the opportunity to step up with ideas, innovations and solutions. That’s when we’re most needed as entrepreneurs.”

CarrTech continues their amazing run this year. Their CEO, Sue Carr, has also been recognized as Spotlight Pharmacist of the Year, by Washington Metropolitan Society of Health - System Pharmacists (WMSHP). Sue has been WMSHP’s Communications Committee member for a number of years, and values the power of this organization to bring together pharmacists and pharmacy-enthusiast. Sue is utilizing her position to further promote the organization as well as to educate new pharmacists and all those who would like to become a part of this industry. “I value the people. It is always so refreshing to run into old friends and make new ones. I value the long term friendships that I have established through WMSHP and feel rewarded when I can volunteer my time.” Sue added.

In addition to this news, CarrTech just recently received a Canadian Patent # 2947955. This marks four patents total for CarrTech, with three in the US and one in Canada.

For more information about CarrTech LLC, please contact Sue Carr at [email protected]

CarrTech LLC Among Winners of the Competitive Spring Shore Hatchery

Written By: Kathie Callahan Brady

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U.S. DEPARTMENT OF COMMERCE ANNOUNCES 51 “BUILD TO SCALE” GRANTS TOTALING $47 MILLION TO FUEL INNOVATION AND TECH-BASED ECONOMIC DEVELOPMENT

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.