Welcome to the daily roundup of the latest from DC's tech and entrepreneurship scene. Want this in your inbox? Subscribe for free.
Tyto Athene acquires aerospace firm Microtel
Less than two months after Dennis Kelly became Tyto Athene’s new CEO, the company acquired Microtel LLC, an aerospace tech company headquartered in Greenbelt, Maryland.
The acquisition will allow the Herndon government contractor and IT services company to expand its capabilities and customer base. The purchase is part of Kelly’s push to take the company to “the next level.”
➡️ Get more details on the acquisition in my latest report.
A shuttered hospital becomes a biotech hub
Philly’s centrally located Hahnemann University Hospital, which was closed just before the pandemic, is now being revitalized as a hub for biotech research and development.
It’s attracting tenants from outside the region, the first being Zahav Biosciences — a Maryland-based drug development company formerly known as Cytimmune Sciences and focusing on treating cancerous tumors. Last year, the company was purchased by Philly-based Brodie Generational Capital Partners and rebranded.
➡️ Learn about this new hub in reporter Sarah Huffman’s story here
News Incubator: What else to know today
• The owner of Washington Spirit, Michele Kang, is selling her Falls Church federal tech firm. [Washington Biz Journal]
• 2Gether-International, a startup accelerator run by and for entrepreneurs with disabilities, announced its spring 2024 cohort, per an emailed announcement. The participants include Sign Spaces, Equivalent, Glam Canes, Our Odyssey, Play with ASL, Infinite Flow, Nexterra Medical and CBoard. [2Gether-International]
• Advocacy-spurred updates to Delaware’s small business-related demographic information collection process led to recent data showing a tenfold higher number of Black-owned businesses than previously identified. [Technical.ly]
• Prince George’s County announced it will reimburse businesses $5,000 annually for each formerly incarcerated person employed. [Washington Post]
🗓️ On the Calendar
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join the conversation!
Find news, events, jobs and people who share your interests on Technical.ly's open community Slack
