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This week, learn about two Virginia startups developing products aimed at power efficiency. Claros in McLean is building technology to transform the distribution of energy to data centers, while Ballston’s ElectroTempo creates predictive analytics software to enhance vehicle electrification.
What else should you know this week? Check out the roundup below.
📰 News Incubator: What else to know
• Thanks to decreased market and global reach, DC fell five slots in the latest Global Startup Ecosystem Report. The region, now ranked #17, spans all the way to Baltimore, plus parts of West Virginia and Pennsylvania. [Technical.ly]
• The CEO of Grassroots Analytics has a flip phone and no social media [Washingtonian]
• Three out of four companies do not have a mental health strategy, per an index developed by the nonprofit One Mind. That’s the core struggle for most firms trying to improve mental health among workers, explained CEO Kathy Pike at a recent briefing. [Technical.ly]
• VC fund managers: Apply to be a part of the DC VC Fund of Funds program by June 30. The $26 million fund will invest in district-based companies. [LinkedIn/Technical.ly]
• What the hell is a data center? We have you covered. [Technical.ly]
• Defense tech contractor ODRG landed a $3 million investment from the Empower the Change Fund. [ODRG]
• German drugmaker BioNTech is laying off 63 workers in Gaithersburg. That’s more than 40% of its local workforce. [Washington Biz Journal]
• 2Gether-International, an accelerator for entrepreneurs with disabilities, wrapped its health innovation program. Ten founders took part and received $10,000 in funding. [2Gether-International/Technical.ly]
• The DC Council will likely approve the RFK Stadium deal, members say, though they need more time to consider the details. [Washington Post]
🗓️ On the Calendar
• June 19, a.k.a. Juneteenth, marks the first day of HBCU Empower, a three-day conference dedicated to innovation out of historically Black universities. [Details here]
• DCA Live is throwing the second annual CapitalCapital event on June 18 for local investors. [Details here]
• La Tech DMV is hosting a panel all about leadership on June 19. [Details here]
• Grab brunch with Women & Gender eXpansive Coders DC on June 21 at Union Market. [Details here]
• Looking for a job? Attend the first Hire Up! event on June 23 to connect with potential employers in software engineering. [Details here]
• Aerospace and defense professionals: Attend Northern Virginia Tech Council’s next event on the space economy on June 24. [Details here]
• Defense Tech DC’s next networking happy hour is on June 24. [Details here]
• LaunchT hosts its next autonomous vehicle-focused meetup on June 25. [Details here]
• Network with founders, technologists and investors on June 25 at the next DC Tech Party. [Details here]
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