Plus, a HoCo cyber giant reaches unicorn status.
Newsletter for June 19, 2024 |
| Fittingly for Juneteenth, today's newsletter features a cannabis delivery startup founder discussing Gov. Moore's recent pardon of around 175,000 marijuana-related offenses — an order that not only tackles the War on Drugs' racist legacy but also, as the author writes, boosts the state's workforce. Scroll down for that, as well as our latest monthly look at major funding and investment news in the area, now with a new data viz section. — Sameer, Technical.ly editor for Baltimore and DC |
Image of the Day: Equitech Tuesday at Maryland Art Place, during remarks about the "Invisible Architectures" exhibit and Black Butterfly Network (Sameer Rao/Technical.ly)
Have a photo or chart we should feature here? Hit reply and send in your submission. |
| Employees at Certara do tech work that means something. The mid-Atlantic-based global company makes software and services that help develop and deliver lifesaving drugs — and it often hires remote workers. |
$150 million Series D makes a cyber unicorn |
Hiring returning citizens as a business tactic |
Colin Fraser of Upling, a Maryland-based cannabis delivery startup, understands the principle well: His company, one of our 2024 DC RealLIST Startups, employs formerly incarcerated people as part of its mission. "Employing returning citizens helps stimulate local economies," he writes, commenting on Moore's mass pardon, which is expected to affect up to 100k individuals. "Beyond the obvious — that it provides jobs and thereby increases consumer spending power — it helps reduce recidivism, lowering costs associated with incarceration and welfare. This is a way for businesses to really give back and be part of the civic fabric of their communities." ➡️ Read more of Fraser's thoughts on the historic pardons here. |
📰 News Incubator: What else to know |
• A newly expanded federal dashboard lets you track the heat wave and get a detailed idea of what to expect. [Technical.ly] • Former RealLIST Startup EcoMap Technologies is the lone Baltimore-HQed company among the 22 Maryland firms (including Huntress) featured in Inc's latest Best Workplaces roundup. [Inc] • Johns Hopkins spinout Infinity Bio opened a new 9,000-sq.-ft. facility at BeMoreLabs, an East Baltimore life sciences center. [Biz Journal] • A Morgan State scholar and two students reflect on what Juneteenth means to them, and how it should be commemorated. [The AFRO] • Black business owners aim to sustain and grow economic life in Belair-Edison. [Capital News Service] • TEDCO (a Technical.ly client) last week gathered Sens. Chris Van Hollen and Ben Cardin, Rep. John Sarbanes and various local business leaders for a livestreamed roundtable on a new program to help companies navigate the federal lab ecosystem, as well the $1.15 million of federal funds behind it. [YouTube]
• State Senate President Bill Ferguson joined CI Renewables, a Cross Keys-area solar company behind developments throughout the region, as its general counsel and senior vice president. [Maryland Matters] • Baltimore Streetwear brand Their Carpet Company, created by a pair of former NASA and BGE engineers, immediately sold out its officially licensed Orioles gear. [Baltimore Banner] |
🗓️ On the Calendar • June 19: Applications close for Baltimore Homecoming's Crab Tank Entrepreneurship Program, which offers a chance to compete for prizes worth $2,500 to $25,000. [Details here]
• June 20: The Maryland Tech Council's Baltimore regional chapter celebrates its second anniversary at CFG Bank's HQ in Baltimore Peninsula. [Details here]
• June 21: The Baltimore Office of Promotion and the Arts issued a joint call with Wexford Science + Technology for artists that can create an indoor mural at 4MLK, a new facility involving the University of Maryland BioPark and Medical Center. Artists can answer the request for qualifications by the end of Friday. [Details here]
• June 22-23: AFRAM returns to Druid Hill Park this weekend with performers like Busta Rhymes, Mya and Big Daddy Kane. [Details here]
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