Newsletter for July 17, 2024 |
| Hey, Baltimore! We have some exciting news: I'm taking the lead on this newsletter, which will now be in your inboxes once a week. I'm also expanding my coverage scope at Technical.ly to include the amazing Baltimore region in addition to DC metro. As I get embedded in this new beat, please let me know about interesting news and trends out of your neck of the woods. I would love to hear from you. Also, as we introduce some other elements to these newsletters in the coming weeks, keep us posted on what you think. Otherwise, today, you'll get to learn about the career journey of local technologist Eliot Pearson. He's held senior positions at AOL, Verizon and Baltimore tech firms like Catalyte and Enradius; now, he's working for the county government. Also, CareFirst’s rebranded health tech accelerator has a new name and timeframe. You can learn more about these stories below. — Kaela, Technical.ly lead reporter in DC and Baltimore |
Image of the Day: Baltimore Penn Station (Kaela Roeder/Technical.ly)
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| J.P. Morgan is committed to being the leading bank of the innovation economy, bringing together founders, investors, startups and high-growth companies. With decades of global experience, a robust professional and venture capital network and scalable money-management solutions, J.P. Morgan is your startup bank of choice. |
From video games to the C-suite |
When Eliot Pearson was a kid, he had two central passions: Legos and video games. Those two pastimes paved a path for his tech career, he told Technical.ly. “That did set me up for having this kind of analytical approach to, ‘Hey, how does this really work?’” said Pearson. The technologist, who was born in Towson and grew up in the Baltimore area, has worked at prominent companies like AOL and Verizon, as well as technical training firm Catalyte and advertising tech company Enradius. Now, he's working for the government of Baltimore County's Office of Information Technology, where he oversees various applications used by staff and residents. His main piece of advice for those interested in a similar path? Communication, he told Technical.ly editor Sameer Rao for our How I Got Here series. ➡️ Learn more about Eliot Pearson's career in Sameer's Q&A. |
A healthtech accelerator rebrands |
The innovation division of mid-Atlantic insurance provider CareFirst is switching up its signature health tech entrepreneurship program with a new name and new programming. The Healthworx Accelerator, a rebranded version of the former 1501 Health, now operates as a three-month program instead of the previous year-long format. Applications for the cohort will open in late July, and pre-seed and seed firms are encouraged to apply. Leaders are working on finalizing the curriculum, but plan for cohort members to learn about pricing strategy, contracting models and compliance requirements. “Healthcare is a field that is unbelievably complicated — especially when it comes to startups working with large payers and large health systems,” said Soo Jeon, who runs the accelerator. “There are so many pieces involved. We purposely focus on the nitty-gritty pieces that aren’t sexy and don’t necessarily relate to growing your business because they are fundamental to working in healthcare.” ➡️ Check out the plans for the new accelerator in my latest report. |
Banking the innovation economy |
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📰 News Incubator: What else to know |
• The Baltimore Tech Hub was not selected for Phase 2 of the US Economic Development Administration's program to boost innovation in cities. But this is only a temporary setback, writes the CEO of UpSurge Baltimore. [Technical.ly] • A Baltimore City Council member sent a $100 million wishlist to Johns Hopkins University during negotiations for its new AI center. It included contributions to improve nearby neighborhoods and an affordable housing trust fund. An advocacy group says this kind of deal-making is common, but not ideal. [Baltimore Banner] • Hellenic Cables, the American subsidiary of a Belgian industrial investment firm, announced it will build a $300 million cable manufacturing plant to develop offshore wind developments. [Baltimore Biz Journal] • The Maryland Department of Commerce appointed Delegate Carl Anderton its new director of rural economic strategy. [Maryland Department of Commerce] • The AI company Rekor Systems Inc., based in Columbia, is the fastest-growing company in the region. Its revenue jumped from $19.9 million in 2022 to $34.9 million in 2023. [Baltimore Biz Journal] • On Johns Hopkins' Homewood campus, about 40 people operate a key telescope as part of the Space Telescope Science Institute. [Baltimore Banner] |
Sponsored news: Point of interest |
| The research park’s perfectly matched location and array of startup-supporting resources makes it an invaluable pillar for a growing number of life science startups — and the entire Maryland ecosystem. |
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🗓️ On the Calendar • July 23: Oak View Group and Fearless (a Technical.ly client) are hosting an event to connect suppliers with equity-focused companies in Baltimore, including CFG Bank Arena and Kimpton Hotel. [Details here]
• July 30: Learn from experts on how to best pitch your tech solutions at an UpSurge Baltimore workshop and Q&A. [Details here]
• August 14: Baltimore Climate Tech Meetup is hosting lightning talks and a dinner at Morgan State University. [Details here]
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