bwtech@UMBC Research Park has expanded its facilities, launching a new incubator in Class A office space that targets small disadvantaged businesses. The new incubator is designed for early-stage companies owned by minorities, women and veterans and have substantial business activities aimed at providing technology-related products and services to state and federal agencies.
Founding tenants include Premier Management Corporation, a network security consultant for NSA and other government agencies; Farfield Systems, a provider of IT and systems engineering services and training; CardioMed Device Consultants, a regulatory consultant for medical device companies; and the Nixon Group, a multi-faceted company in healthcare and financial services
Since its opening several additional companies have expressed interest in the new incubator, says Deborah Shapiro, a bwtech@UMBC spokesperson.
"Businesses that contract with the federal government are still experiencing growth, despite weakening in the overall market," says Alex Euler, associate director, bwtech@UMBC. "The Advantage Incubator's proximity to a number of federal agencies and research centers such as NSA, NIH, FDA, NASA and DOD is a great asset. Client companies also benefit from the park's federal HUBZone and state Enterprise Zone designations."
The incubator offers participating companies the opportunity to operate in a Class A environment, with shared reception areas, conference rooms and university resources.