For more than 20 years, the Baltimore-based incubator and acceleratorhas powered more than 500 companies and attracted more than $2.4 billion in capital to the region. ETC has an earned an incredible reputation locally, but it’s not just locals who recognize its impact. Recently, UBI Global recognized ETC as a top five global public business incubator. To determine its rankings, assessed 1,580 programs worldwide using 21 key performance indicators related to value for the ecosystem, value for the program, and value for client startups.
UBI Global’s nod to ETC reinforces what we already knew: Maryland has a robust innovation ecosystem that is only getting stronger. But an ecosystem is made of many elements, and here are some of the other elements contributing to our thriving community of entrepreneurs.
Colleges and universities empowering entrepreneurs
Colleges and universities across the state are empowering entrepreneurship through collaborative research, state-of-the-art facilities, and unique programs. Towson University’sand University of Maryland’s are among the university-affiliated incubators. Research parks like UMBC’s and University of Maryland’s are hotbeds of innovation. And initiatives like and Salisbury University’s help bring entrepreneurial ideas to life.
Enough talent to power startups
Speaking of colleges and universities, Maryland’s institutions are a primary driver for. In fact, Maryland has the highest concentration of STEM professionals among the states and ranks third in bachelor’s degree attainment. Local CEOs will tell you that the talent coming out of Maryland’s institutions is unmatched, and is a leading reason for doing business here. And when recent graduates with STEM degrees are deciding where to live and work, .
Plenty of spaces designed for entrepreneurs
In addition to ETC, Maryland is home to many other incubators, accelerators, and co-working spaces. Thisto choose from in all areas of the state. Another resource is the (MBIA) which helps advance business incubation in Maryland. Representing 25 organizations, MBIA supports approximately 550 companies across the state in both urban and rural areas.
A committed community
Maryland tech entrepreneurs take advantage of a strong community of like-minded individuals and mentors. Once an investor in San Francisco, Anders Jones said the Baltimore community welcomed him with open arms when he set up his
“It was really refreshing moving here, to see how the community has really embraced investing in and creating a tech hub here,” said Jones.
TEDCO, an organization committed to supporting Maryland’s entrepreneurs,, in addition to its many other services and programs.
Federal research/tech transfer
Maryland is home to—that’s two times more than any other state. Twenty military facilities and 60 federal civilian agencies are also in Maryland. Without a doubt, these institutions are behind incredible discoveries that are just waiting for commercialization. are taking these innovations and making them available to commercial clients. And the state is always looking for ways to help companies spur innovation from our federal assets, offering unique resources like .
Find out more about Maryland’s innovation ecosystem by exploringand resources for .