Baltimore, we're having a deja vu moment. The feds announced another round of funding for its Tech Hubs program...and left us out, again. Keep scrolling to learn more about where things stand.
Speaking of funding, local startup EcoMap Technologies logged a multi-million dollar raise — its largest to date. Find details below.
— Kaela, Technical.ly lead reporter in Baltimore and DC
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Back in 2023, Baltimore was among the 31 US regions given official Tech Hubs designation under the CHIPS and Science Act. Last summer, Congress appropriated $541 million to go toward 12 of the hubs — and Baltimore was not one of them.
Fast forward to this week, when Congress allocated another $210M in Tech Hubs funding as part of the National Defense Authorization Act. Once again, Baltimore was left off the list.
But local leaders are still hopeful. The money allocated to specific hubs so far is just 10% of the total potential federal spend on the program.
“The Baltimore Region’s Tech Hub designation has created much-needed strategic alignment among the 48 regional institutions and organizations involved in our consortium, laying a strong foundation for competing successfully for game-changing ecosystem investments moving forward,” said Mark Anthony Thomas, CEO of the Greater Baltimore Committee.
One of the top five highest VC deals in the Baltimore region last quarter? The $6.9 million raise by EcoMap Technologies, a 2022 RealLIST Startups honoree building platforms to help startups and economic leaders navigate regional resources.
This round follows a $3.5 million seed in 2022, an equivalent investment in 2023 and a flurry of hiring in 2024. Also last year, EcoMap hosted its inaugural SuperConnect conference, a two-day economic development summit that also served as a tribute to the company’s late cofounder, Pava LaPere.
• What will Baltimore look like in 250 years? You voted that it will house a public transit system powered entirely by zero-emissions solar technology, and that the Chesapeake Bay’s oyster and blue crab populations will be fully restored. [Technical.ly]
• The state and the University of Maryland are partnering with IonQ in a $1 billion initiative to make the Maryland the "Capital of Quantum," with a planned quantum intelligence campus at the school's College Park outpost. [IonQ]
• The University of Maryland Medical System launched a remote fetal monitoring center in Linthicum. It tracks fetal heart rate and uterine contraction patterns and uses AI to organize the data. [UMMS]
• Investment firm Brown Advisory appointed Logie Fitzwilliams as co-CEO to join current CEO and president Mike Hankin. [Baltimore Fishbowl]
• Dan Gincel, a longtime leader of Maryland-backed venture investor TEDCO's vehicles for supporting stem cell research and medical technology, died on Christmas Eve. Colleagues remembered his passion for the life sciences and his sense of humor. [Technical.ly]
• Constellation, headquartered in Baltimore, purchased the natural gas and geothermal power provider Calpine for $16.4 billion. [Associated Press]
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🗓️ On the Calendar
• Partner Event: HBCUniverse Summit returns to Morgan State on Feb. 8 for a full day of skill-building workshops, panels with industry leaders, a founder expo, career fair and more. Use the discount code "HBCU50" for half-off tickets. [Details here]
• Partner Event: Learn about AI governance, data privacy and different state regulations on Jan. 28 at an event hosted by Ardent Privacy. [Details here]
• Connect with fellow Maryland innovators and learn about the state's tech prowess at the next Equitech Tuesday hosted by UpSurge on Jan. 21. [Details here]
• Work alongside developers at the next Baltimore Code and Coffee on Jan. 28. [Details here]
• Baltimore Climate Tech Meetup is hosting lightning talks and a brunch on Feb. 8. [Details here]
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