UMBC might expand cyber incubator again and add a startup accelerator - Technical.ly Baltimore

Growth

Jan. 8, 2014 10:15 am

UMBC might expand cyber incubator again and add a startup accelerator

Update 5:22 p.m. 1/8/14: UMBC's CyberHive incubator is a new space within the university's existing bwtech@UMBC incubator, and not the incubator that holds 32 companies as we originally wrote. We've made the correction below.

The University of Maryland, Baltimore County, added 3,500 square feet to its bwtech@UMBC incubator in September to accommodate the increase in the number of early-stage cybersecurity companies looking for office space.

Now UMBC might expand its bwtech incubator by another 3,500 square feet sometime later this year, as the Cyber Incubator inside bwtech currently “has 32 companies and only one dedicated office space available,” reports the Baltimore Business Journal.

In addition, the university is also considering adding an accelerator program to the incubator within the school’s Research and Technology Park, according to executive director Ellen Hemmerly:

The goal for the research park would be to take some of the high-growth companies already at bwtech@UMBC and place them into the accelerator program to help them reach that mature level quicker, she said.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!