Betamore, Tech Council of Maryland partnership aims to better technology industry
9:07 AM, Jun 24, 2015
1:35 PM, Jun 26, 2015
BALTIMORE - Maryland’s tech start-up scene received a big boost Monday, which could lead to advances in the state’s technology industry with the announcement of a partnership between Baltimore’s Betamore incubator and the Tech Council of Maryland.
The partnership builds a bridge between Baltimore and Washington D.C. to give entrepreneurs and tech businesses access to more educational resources, enhanced networking among shops and a greater voice in Annapolis.
“For the Tech Council of Maryland, it means expanding our footprint, expanding our growth for the companies we serve,” Phil Schiff, CEO of the council, said. “What we’re really trying to do is to serve these companies better”
The Tech Council serves 340 engaged members with a database of 12,000 casual participants largely in the bio-tech, life sciences, field. Betamore, founded in 2012, is an incubator that fosters entrepreneurs.
"Building collaborative partnerships will enable our region to overcome existing silos and help Maryland's technology communities to flourish," Jennifer Meyer, CEO of Betamore, said in a release. "TCM brings enormous value to so many of Maryland's tech and life science businesses, and I know working closely with them will help make Betamore and the region a global destination for entrepreneurship."0
In the short term, the partnership will yield:
• Four jointly hosted events in the next year. The first – a regional cyber security networking event – will take place in early September at Betamore's campus. Future events will focus on health IT, access to capital for early-stage companies and bringing together life science companies from both markets.
• Members of both organizations will have reciprocal access to all events each organization produces at either no cost or at a discounted member’s only rate.
• Enhanced statewide advocacy for the technology and life science communities.
The alliance, and its expanded membership, will also give technology advocates a greater foot-hold during next year’s legislative session in Annapolis.
“There is a very important voice at the state level that needs to be heard,” Schiff said.
“The need to break down divides between Maryland’s two metro areas is frequently cited as a barrier to economic growth, and was formally identified as an issue by the Augustine Commission report that took the state to task for failing to ‘reach its potential’ for economic growth.”
Schiff added, “what we’re trying to do is be responsive to the Augustine commission. …We can do that with collaborative efforts.”