This story was made possible through support from TEDCO, the Maryland Technology Development Corporation, which enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at tedcomd.com.
Baltimore Bridges the Digital Divide with $22 Million Broadband Initiative
Baltimore City is taking significant steps to address digital equity, investing nearly $22 million to expand low-cost internet access to over 4,000 public housing units. This initiative, leveraging a local internet service provider, Port Networks, will offer residents internet service for just $20 a month – significantly less than the national average.
Fiber-Optic Future: A Model for Affordable Connectivity
The city’s strategy centers around utilizing its existing publicly owned fiber network. This approach allows providers to build upon established infrastructure, accelerating deployment and reducing costs. Leyla Layman, BCIT’s interim CIO, highlighted that this existing infrastructure will allow residents to receive broadband service faster than many other communities nationwide.
The success of a similar project at the Hammond at Greenmount Park development demonstrates the viability of this model. By avoiding the expense of building infrastructure from scratch, Baltimore is creating a blueprint for other cities seeking to close the digital divide.
Biotech Innovation Gains Momentum with ETC Investment
Beyond connectivity, Baltimore’s innovation ecosystem is receiving a boost through strategic investments. Emerging Technology Centers (ETC) Baltimore recently invested $200,000 in JuneBrain, a biotech company developing a novel device for diagnosing retinal and brain diseases. This marks ETC’s first investment in over a year and signals a renewed focus on supporting early-stage companies.
ETC will also provide JuneBrain with crucial commercialization support, including introductions to potential investors and technical guidance. This holistic approach – combining financial investment with mentorship – is critical for nurturing promising startups.
Maryland Invests $4 Million in AI and Cybersecurity Workforce Development
Recognizing the growing importance of artificial intelligence and cybersecurity, Governor Wes Moore is allocating $4 million to prepare Maryland’s workforce for these emerging fields. $2.5 million will fund workforce training programs in key industries, including life sciences and IT, while $1.5 million will support the establishment of cyber and AI clinics to serve schools, hospitals, and small businesses.
This investment will support training for approximately 600 aspiring cyber professionals through institutions like the Center for Critical Infrastructure Security, TCecure, and Howard Community College.
A Surge in Funding Across Maryland’s Tech Landscape
Recent funding activity demonstrates a vibrant and growing tech sector in Maryland. Several companies have secured significant investments, including:
- 4MyCiTy: $50,000 to reduce local food waste.
- Loyola University: $25,000 for Sunday Morning at Savannah’s, a bed and breakfast.
- CraniUS: $20 million in Series B funding.
- Cursive Technology: $125,000.
- ApexQuantum: $200,000.
- KnowledgeNet.ai: $500,000 from TEDCO’s Venture Fund.
- POSTR Technologies: $1.9 million.
- NanoBioFab: $200,000 through TEDCO’s Pre-Seed Builder Fund.
FAQ
Q: How much will internet access cost for residents in public housing?
A: Residents will be able to subscribe for $20 a month.
Q: What is ETC Baltimore?
A: ETC Baltimore is a subsidiary of the Baltimore Development Corporation that provides investment and support to early-stage companies.
Q: How is Maryland preparing its workforce for AI?
A: The state is investing $4 million in workforce training and cyber/AI clinics.
Q: What role is TEDCO playing in supporting Maryland’s innovation ecosystem?
A: TEDCO is providing funding and support to companies like KnowledgeNet.ai and NanoBioFab.
