Maryland is strengthening its commitment to innovation and economic development by expanding its DefTech program. With funding of $585,463 from the U.S. Department of Defense and state funds, this program aims to support 30 startups and small businesses in commercializing defense technologies. By connecting these companies to federal resources and facilitating technology transfer, the DefTech Center is establishing itself as a key driver for entrepreneurship and innovation development in the defense sector in Maryland.
The Maryland recently announced the expansion of its DefTech program, designed to support startups and small businesses in the commercialization of defense technologies. This expansion is made possible through funding of $585,463 granted by the Department of Defense, as well as corresponding state funds. This program, established in 2018, connects entrepreneurs to federal resources to develop products aimed at non-federal markets, thereby fostering innovation and economic growth in the defense sector.
Table des matières
ToggleMaryland Expands DefTech Program to Support Startups
Maryland recently announced the expansion of the DefTech program, a strategic initiative aimed at supporting startups and small businesses in the commercialization of defense technologies. Through federal funding of $585,463 provided by the Department of Defense, this program strives to leverage federal resources to help up to 30 new businesses establish their products in the non-government commercial market.
A Powerful Link Between Innovation and Defense
This program, launched in 2018, fosters connections between entrepreneurs and federal laboratories. By collaborating with institutions such as the Maryland Technology Development Corporation (TEDCO), the program promotes an innovative economy that enhances the state’s contributions to defense capabilities. The Maryland Secretary of Commerce, Kevin Anderson, emphasized that the expansion of DefTech will boost ties with the defense industry, thereby creating new job opportunities.
The Benefits for Participating Businesses
Startups joining the DefTech program gain access to valuable resources, including the DefTech Academy, which offers training on key topics related to collaboration with federal laboratories. These educational sessions provide insights into funding opportunities and facilitate direct introductions to laboratory experts. With this structure, these companies can not only innovate but also efficiently transfer their defensive technologies into the commercial sector.