Maryland Department of Commerce Announces Two Opportunities for Tech Startups

HAGERSTOWN, MD (November 5, 2021) – The Washington County Department of Business Development shares the following information that was released from the Maryland Department of Commerce.

The first opportunity, aimed at growing Maryland’s early-stage technology companies with help from investors, the Maryland Innovation Investment Tax Credit program has officially launched. The program, which has $2M in funding for Fiscal Year 2022, will also help increase overall investments in current and emerging tech sectors, and boost the number of individual investors in Maryland, including Washington County tech companies.

 

Applications from potential qualified Washington County, MD technology companies are now being accepted. To submit an application, click here. To be eligible, a company must have 50 employees or less; an aggregate capitalization of at least $100,000; and be in a qualifying tech sector, which includes advanced manufacturing, aerospace, agriculture, artificial intelligence, blue technology, cybersecurity, education, energy and sustainability, financial, life sciences, quantum, and sensors and robotics.

 

“Early startup tech companies are vital in growing jobs in Washington County, MD.  The Maryland Innovation Investment Tax Credit program encourages investment and helps tech startups compete in new industries that have a potential for tremendous job growth,” said Linda Spence, Business Specialist of the Washington County Department of Business Development.  

The second is an opportunity to join a Maryland Delegation at the Startup Grind global conference from February 28-March 2, 2022 in Silicon Valley, CA. Startup Grind is the largest independent startup community, actively educating, inspiring, and connecting more than 3.5 million entrepreneurs in over 650+ chapter in 125+ countries through events, media, and partnerships. Startup Grind will bring more than 3,000 of the greatest startups and scale-ups across the global tech ecosystem. Join Maryland in this tremendous opportunity for meaningful networking and mentorship, educational content and hands-on workshops plus additional social events, with over 15,000 others participating remotely. 

 

Maryland Department of Commerce is looking for companies that are based in Maryland (including Washington County!), fewer than 50 employees, potential to scale nationally/globally, in the tech or tech-enabled, any sector except food or consulting services, truly innovative product and demonstrated track record of success, etc. The application deadline is November 19, 2021, at 5:00 p.m., EST. For more information about Startup Grind, please contact [email protected].

 

Washington County, MD tech startups are urged to take advantage of this tremendous opportunity to showcase their business on a global platform. Sign up today to partner with the Maryland Department of Commerce!

 

For additional information, contact Linda Spence at the Washington County Department of Business Development at [email protected].

 

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