Baltimore, known as “Charm City”, has had an upswing after years of struggling. The number of talented young people moving into the city is steadily increasing, and the city has reported its first positive population growth in years. Baltimore’s location near Washington, D.C. allows for government-oriented businesses without the added cost of actually being located in the District. Local universities such as Johns Hopkins and the University of Maryland provide talent pipelines and are involved in the community through their own accelerators and angel groups. Leading the commercialization of new technologies and the funding of early stage startups is TEDCO, an entrepreneurship organization chartered by the State of Maryland in 1998. Local success story Under Armour has ardently championed the city’s startups, and its future campus in the Port Covington area is slated to create 10,000 new jobs. Despite these recent improvements, the community still faces some challenges. Series A funding is difficult to acquire for startups, and it is challenging to lure talent away from cushy government jobs.
These businesses offer industry expertise and are a source of startup talent and potential customers. They help fuel the local startup community.
Up and coming startup
Acquired for $69M by
Acquired for $238M by
Up and coming startup
As the founder of the most popular Baltimore success story, Kevin has been active in giving back to the community. Through his investment firm, Sagamore Ventures, he has invested in numerous local startups and supports the University of Maryland's Dingman Center for Entrepreneurship with initiatives and generous donations.
Jen is the CEO at Betamore, an accelerator that also offers classes and workshops to bridge the technical gap that startups face. Previously, she was COO of the Economic Alliance of Greater Baltimore.
As President of The Abell Foundation, Robert is responsible for overseeing the largest private foundation serving only Maryland. Over the years, the Foundation’s work has expanded to include research and direct investments in early stage companies that offer significant social and economic benefits.
As the co-chair of Baltimore Angels, Greg is responsible for overseeing the most active angel network serving the Maryland area. He is the cofounder of Betamore, an accelerator and coworking space, in addition to managing his own seed fund Nucleus Ventures.
David is the Senior Partner and Cofounder of Camden Partners, a growth stage investment firm with a focus on education and healthcare businesses that have received public funding. Previously, he was President of T. Rowe Price Strategic Partners I & II as well as co-manager of the T. Rowe Price New Horizons Fund.
As a Senior Advisor to the President at Johns Hopkins University, Christy oversees the commercialization of discoveries and inventions by university faculty, staff, and student researchers. She has cofounded two local startups and has had years in the medical investing field.
John is Managing Partner of Cammack Associates, which specializes in early stage investing in enterprises advancing brain fitness and educational attainment. Previously, he was a senior executive at T. Rowe Price where he served as Division Head and a member of multiple committees.
Paul cofounded Millennial Media in 2006, which was later acquired by AOL. Since then, he has gone on to become a major champion for the local startup ecosystem through his angel investments in early stage startups and mentorship of entrepreneurs.
As the Director of Entrepreneurial Development at the Technology Development Corporation (TEDCO), Neil serves as the liaison with technology incubators statewide and works to develop new strategies for supporting start-ups in Maryland. He also manages educational efforts for portfolio companies, and advises companies on business pitches to investors.
Mike is the founder and CEO of Startup Maryland, a grassroots effort to help entrepreneurs in the Maryland area by leveraging partners in the U.S. government. He was formerly a managing partner of Gemini Venture Partners, a seed stage VC.
TEDCO was founded by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace and to assist in the creation and growth of technology-based businesses in all regions of the State.1998
Downtown Baltimore begins to be renewed, especially Inner Harbor. Once the Port Covington redevelopment finishes, the new Under Armour campus will attract 10,000 new jobs to the formerly blighted area.2002
Founded in 1998 by brothers John and Scott Ferber, AOL acquires Advertising.com for $435 million.June, 2004
Founded in 1996 by Kevin Plank, Under Armour has undergone incredible growth into a multi billion dollar business. Kevin has become a fixture in Baltimore, investing his money and resources into the local entrepreneurship community.November, 2005
Launched out of the Startup America Partnership, Startup Maryland is peer driven and focused on high-growth ventures. It strives to connect innovation communities and recognize the importance of founders and startup companies to the innovation economy.2011
Founded by Greg Cangialosi, Mike Brenner, and Sean Lane, Betamore's vision is to develop Baltimore into a global hub for entrepreneurship and education for the twenty first century through its accelerator program and educational events.2012
Johns Hopkins Technology Ventures (JHTV) is an intellectual property administration center, serving Johns Hopkins researchers and inventors as a licensing, patent, and technology commercialization office and acting as an active liaison to parties interested in leveraging JHU research or materials for academic or corporate endeavors.2015
In a round led by Allegis Capital, cybersecurity startup raises $15 million Series B funding.July, 2015
Cybersecurity startup ZeroFox raises $27M in a series B led by Highland Capital.December, 2015
Founded in 2006, Millennial Media has had an incredible impact on the startup ecosystem. Its cofounder, Paul Palmieri has gone on to become a major champion for the local startup ecosystem through his angel investments in early stage startups and mentorship of entrepreneurs.2015