April 9, 2010 Press Release
Baltimore, MD – Baltimore City’s technology incubator, the Emerging Technology Center (ETC), announced today that it has been selected as one of two finalists for the "Incubator of the Year" award by the National Business Incubation Association (NBIA). The award winner will be announced on May 18th at the NBIA’s International Conference on business incubation in Orlando.
ETC is no stranger to the limelight. For the past four consecutive years – a first in NBIA history – an ETC client company was selected from over 35,000 companies and recognized as “Incubator Company of the Year” at NBIA’s annual award reception. This prestigious NBIA award went to, CSA Medical in 2009, Millennial Media in 2008, Social Solutions in 2007 and Cynergy Group of Baltimore in 2006.
“We are honored to be named a finalist for this award,” said Ann Lansinger, President of the ETC. “building on past successes, and energized by this honor, ETC is committed to providing a creative and supportive environment in which technology companies will thrive.”
NBIA is the world’s leading organization advancing business incubation and entrepreneurship serving more than 1,900 members from 60 nations. Approximately 25% of the NBIA membership is from outside the United States. Each year, the NBIA Incubation Awards honor business incubation programs, incubator graduates, and incubator client companies that exemplify the best of the industry.
ETC works with early stage Baltimore-based technology entrepreneurs to help them move their businesses ahead farther and faster than they could on their own. It is estimated that ETC companies have created in excess of $273.5 million in economic activity for the City of Baltimore.
About the ETC (www.etcbaltimore.com)
The ETC, a venture of the Baltimore Development Corporation, is a non-profit business incubator focused on growing early-stage technology and biotechnology companies. The ETC promotes economic development, providing business, technical, and networking connections to help these companies grow and prosper – adding to both the job and tax base of Baltimore City. To date, ETC client companies have received over $827 million in funding and have been issued over 200 patents. Since 1999 ETC has provided assistance to 192 companies 80% of its graduate clients are still in business.
ETC’s incubator facilities provide participating companies with direct, customized business assistance, including technical assessment, marketing assistance, business modeling, mentoring, and access to funding sources in addition to a wide array of physical amenities, including fully wired office space, flexible leases, shared basic services and equipment, and technology support.
