“The ETC met or surpassed all of their goals and that is something we and the city of Baltimore are very proud of,” said Bill Cole, President of Baltimore Development Corporation (BDC)
Baltimore, MD (PRWEB) February 04, 2015
The ETC (Emerging Technology Centers) http://www.etcbaltimore.com, moved to its Highlandtown location only 13 months ago. But in this short time, ETC has rolled out several new programs and is reporting a very successful year.
“The ETC met or surpassed all of their goals and that is something we and the city of Baltimore are very proud of,” said Bill Cole, President of Baltimore Development Corporation (BDC). 2014 was also the first year in which ETC boasted 100% occupancy rate and a growing wait list for office space in its modern, 20,000 Sq. ft. Highlandtown campus. “This was the year we focused on strengthening our resident-company pipeline, increasing our brand recognition and reach, and growing our C-level advisors too,” added Deb Tillett, President of ETC.
ETC is highlighting some of its 2014 successes in this infograph (http://etcbaltimore.com/etc_state_of_tech_2014). Some of those highlights include:
- ETC’s current and graduate companies: Provided 1,005 jobs; Raised $139M in funding; Created $170M in economic impact
- ETC assisted 135 companies: Added 40 new companies to its incubator programs; Added 23 companies to its coworking space, Beehive Baltimore; Graduated 21 companies
- ETC Haven Campus saw 150% growth in number of companies since it’s late 2013 opening
- ETC added six C-level executives to its Entrepreneur in Residence Program (EIR)
- 10 Companies won awards, including Incubator Company of the Year Award (Maryland Business Incubation Association), Best Web/Mobile Product, Best Design/Dev Firm of the Year & Digital Marketing Firm of the Year Award (Technically’s Baltimore Innovation Week), and Harvard Business School Alumni New Venture Contest Winner (HBS), among others
The ETC continues to play a leading role in developing and connecting the technology-entrepreneurship ecosystem in Baltimore. Recently, Popular Mechanics ranked Baltimore number 5 in The 14 Best Startup Cities in America (http://bit.ly/18IaYmv).
“This distinction validates that my continued support of ETC is just one of the many things we do to put Baltimore on the right track when it comes to entrepreneurship and technology,” said Baltimore Mayor Stephanie Rawlings-Blake. “We are so proud that the ETC played a role in helping our city with this recognition.”
About the ETC (http://www.etcbaltimore.com)
The ETC, a venture of the Baltimore Development Corporation, is a 501(c) (3) technology and innovation center focused on growing early-stage companies. The ETC promotes economic development, providing business, technical, and networking connections to help these companies grow. Since 1999 ETC has provided assistance to over 350 companies, 87% of which are still in business, creating more than 2,325 jobs and have raised over $1.6 billion in outside funding.