Baltimore Boost: Local Entrepreneurs Secure $5 Million in Funding for Tech Startups

Baltimore Boost Empowers Tech Startups with $5 Million FundingBaltimore Boost Empowers Tech Startups with $5 Million Funding Baltimore Boost, a non-profit organization supporting entrepreneurship and economic development, has secured $5 million in funding to ignite the growth of tech startups in the city. This funding will provide critical support to promising ventures, fueling innovation and job creation in Baltimore’s burgeoning tech ecosystem. The Baltimore Boost program aims to foster the growth of early-stage tech companies through a combination of financial assistance, mentorship, and networking opportunities. The $5 million investment will be distributed as grants to deserving startups with the potential to make a transformative impact on the local economy. “This funding is a testament to the thriving tech scene in Baltimore and the city’s commitment to supporting entrepreneurs,” said Will Holmes, CEO of Baltimore Boost. “With this investment, we can accelerate the growth of our most promising startups and create a pipeline of innovative companies that will drive economic prosperity for our community.” The Baltimore Boost program is designed to address the specific needs of tech startups, providing access to capital, expertise, and connections. The program also offers tailored support services, such as mentorship from successful entrepreneurs, industry-specific training, and connections to potential investors. “Baltimore Boost has been an invaluable resource for our startup,” said Aneesh Kothari, CEO of Subtext, a Baltimore-based startup that focuses on automating medical documentation. “The mentorship and funding we received have been instrumental in our growth and success.” The $5 million funding will significantly expand Baltimore Boost’s capacity to support tech startups. The program will be able to provide grants to a wider range of companies and offer enhanced support services to help entrepreneurs navigate the challenges of building successful businesses. “This investment is a game-changer for the tech community in Baltimore,” said Mayor Brandon Scott. “By empowering our entrepreneurs, we are investing in the future of our city and creating a vibrant and prosperous economy.” The Baltimore Boost program is a collaborative effort that brings together the city of Baltimore, local businesses, universities, and non-profit organizations. With this $5 million funding, Baltimore Boost is poised to continue its mission of fostering innovation and driving economic growth in Baltimore.