baltimoresun.com

« BaltTech's top five list of gadgets for the holidays | Main | The year in search, according to Google »

December 14, 2011

Things are a-brewing in Baltimore's tech scene

I know there's been a lot of introspection in Baltimore's tech circles regarding where the community is heading, especially the Greater Baltimore Tech Council, but leave it to a couple local entrepreneurs to cut through the uncertainty with action, not just words.

In what was possibly the Baltimore's tech scene's worst kept secret over the last month or so, Greg Cangialosi, of former Blue Sky Factory fame, and Sean Lane, of current BTS Corp. fame, are teaming up to launch what they call a "hybrid accelerator" in Locust Point.

Here's my story today online. It's also in the print edition.

What this dynamic duo is trying to create involves a virtuous cycle of idea generation, capital allocation, market growth, and wealth accumulation for the startups they hope to nurture. And with wealth in a functional startup ecosystem comes a helping of responsibility: will you re-invest some of your money back in the community that supported you? It is this ethos that permeates other startup communities that are far ahead of Baltimore, such as Silicon Valley.

Wash, rinse, repeat.

Cangialosi/Lane are investing their own money in the concept and seeking other investors to fuel their investment fund. By next year, we could be looking at half dozen or more new startups in Baltimore under the wings of Cangialosi/Lane.

I'm also aware of a few more similar projects under way, one of which I mentioned in my story, that's being explored by StartupBaltimore's Mike Brenner. And there's yet another project/idea that's percolating, that I'm hoping I can report on soon.

So, with all these ideas, is the community at a "crossroads", per se, as some believe. Or is it going through an uncomfortable growth and realignment phase? Clearly, there are a bunch of people in this town who believe there can be more value-added services and even physical locations that are offered to startups, beyond the Emerging Technology Center's orbit.

I see people moving forward to build out a more supportive ecosystem. The reality is that for many startups, they really don't need or want a big lease and fancy office space. They can be lean and bootstrap their operation from a coworking space, a coffee shop, their home, or a mix of all such options. I see Baltimore's tech community moving forward to support such alternatives to startup building. And that's a good thing.



This is an archived version of the technology blog. For updated coverage, see the current baltTech location: baltimoresun.com/balttech
Posted by Gus Sentementes at 10:02 AM | | Comments (1)
Categories: *NEWS*
        

Comments

Thanks Gus for the article.I hope their efforts are a wonderful success.

I'm wondering if their incubator plans provide any context for the individual starting something during nights and weekends? I spend most evenings working on my startup but it's not wise with a wife, kids, and mortgage to just jump in full time without funding. Most "accelerators" give you a few thousand, take 6% equity and after 90 days your on your own.

I think their are a lot of innovative people out there with great ideas that are not 21, single, with no commitments. I'd love to see more support for those folks.

Perhaps an associates program to tap into lawyers, advisers, and mentors without physically sitting in the building full time? Towson University has something similar.

Just a thought.
Daniel, Co-founder ToolSpinner

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Verification (needed to reduce spam):

About Gus G. Sentementes
Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.
This is an archived version of the technology blog. For updated coverage, see the current baltTech location: baltimoresun.com/balttech
-- ADVERTISEMENT --

Most Recent Comments
Baltimore Sun coverage
Sign up for FREE business alerts
Get free Sun alerts sent to your mobile phone.*
Get free Baltimore Sun mobile alerts
Sign up for Business text alerts

Returning user? Update preferences.
Sign up for more Sun text alerts
*Standard message and data rates apply. Click here for Frequently Asked Questions.
Charm City Current
Stay connected