After a statewide search to find Maryland’s 20 up-and-coming startups, Governor Larry Hogan has announced Maryland’s Future 20 companies. Congratulations to these companies!
Ion Storage Systems
Live Chair Health
N5 Sensors, Inc.
Silfra Biosystems LLC
Sisu Global Health
Maryland is where you go when you want to make it.
Consider cost of doing business, for starters.
Compared to Baltimore, it costs 60 percent more to do business in San Francisco, and 44 percent more to do business in New York City (Moody's Analytics). Our rural areas are even more reasonably priced, and within arms reach of major metro areas. Affordability translates in a big way when it comes to personal lives too. Entrepreneurs can chase their dreams, without having to live out of their car, and the tech workforce powering our startups find.
But Maryland's lower costs to doing business (and life) doesn't come with major sacrifices. Smack in the center of the Eastern seaboard, Maryland puts the world at the fingertips of our entrepreneurs. Morning meeting in NYC? A couple hours on a train will get you there. Sales pitch overseas? Three global airports are at your fingertips. Want to tap into federal research? You'll find agencies including NIH, FDA, NIST, and NSA right here, and even more federal resources in neighboring D.C.
Sounds too good to be true, right?
It wasn’t forand to make the move East. Other entrepreneurs in the videos below will tell you the same thing: Maryland is the best place for startups to be.
Whether you’re looking for the best spot in the U.S. to lay down your business roots, or you’re already a Maryland entrepreneur looking for ways to scale-up, you’ll be well supported in Maryland. Just ask the team behind cyber startup Sourcefire, ultimately acquired by tech giant Cisco. Or ask RoosterBio, which started from a small company at a Maryland incubator, and has grown to more than 60 employees in just a few short years.
So how exactly does Maryland help? It’s through innovative funding programs, like the, which provides bio investors with income tax credits. It’s opportunities to . It’s resources like , which help entrepreneurs commercialize defense technologies.
It's not just the state that's creating more opportunity for entrepreneurs. Private companies likeare empowering entrepreneurs across the state. And university-driven initiatives like and are helping commercialize discoveries every day.