VP Partnerships & Entrepreneurship
Maryland Tech Council
FounderTrac's First of Two Cohorts in 2018 Was a Standing Room Only Event with Aimee Martin of MileMarker Winning a $25k Investment from MCVC Partners!
FounderTrac is a Partnership between LAUNCH! Annapolis, Maryland Technology Council and MCVC Partners to Bring a Community-based Accelerator to Maryland’s Capital
ANNAPOLIS, Md.--(BUSINESS WIRE)--On Tuesday, April 3, 2018 TEDCO Incubation Challenge finalist FounderTrac had their first Demo Day at Host Sponsor Loews Annapolis Hotel. After a 12 week, rigorous program 10 FounderTrac finalists pitched to a standing room only atrium of over 200 attendees. Over 50 angel investors and venture capitalists were in attendance creating an energy at the event that truly represents the essence of entrepreneurship. Tami Howie, CEO of the Maryland Technology Council says, “We had a huge number of high quality investors attend our showcase to see the amazing growth of our companies over the last 12 weeks of our FounderTrac program.”
Winner, Aimee Martin of MileMarker, was announced at the end of the event taking home a $25,000 investment from MCVC Partners, the venture capital partner of the FounderTrac team. The MileMarker founder said, “After the valuable three month FounderTrac experience learning with other entrepreneurs from top experts and advisors, we were thrilled to receive $25,000, which will propel our growth and enable us to continue to gain sales traction. FounderTrac is the gift that keeps on giving!” The MCVC founding partners met 20 years ago in Annapolis at the Naval Academy. MCVC founder Jeffrey Mund said, "We are honored to help lead the Maryland innovation ecosystem forward by focusing on virtuous commerce and the Sherpa mentorship model." Along with MileMarker, FounderTrac had a full arsenal of high growth businesses disrupting the startup landscape in Maryland’s capital. Here is a list of the first FounderTrac cohort of 2018:
Agewell Biometrics - Joshua Wies
Arbit - Alex Bullington, Greg DiNardo
AudioStaq - Gabriel Pendleton, Christian Strama
Everywhere Communications - Patrick Shay, David Collier
FREY - Leif Frey, Erin Frey
GasNinjas - Christopher Aubuchon
HoneIn - Anne Stuckey, Brian Strom
Iotia Corporation - Matt Daue, Sam Oswald
MileMarker - Aimee Martin
TransitioningU - Mustafa Wahid, John Slevin, Joshua Smith Ph.D
Ryan Sears, founder of LAUNCH! Annapolis responded when talking about the event, "Demo Day was an outstanding opportunity to showcase the amazing startup talent and work ethic we have in this region. We are proud to continue our support of FounderTrac." With the ever growing visibility of talent in the state of Maryland FounderTrac will be able to serve many more high growth startups this year. FounderTrac continues to serve its finalists after the end of each cohort by engaging in office hours, alumni invitations, access to partner opportunities and continued access to the FounderTrac community platform.
FounderTrac’s truly holistic approach to fostering businesses from idea to revenue brings together all the resources needed for success to create a truly innovative incubator. The success of the community relies upon combining many resources into one cohesive community.
From Pilot to TEDCO Funded Program
In the fall of 2017 at the TEDCO Entrepreneur’s Expo, George Davis, CEO of TEDCO, announced the winners of the 2017 Incubator Challenge. FounderTrac was awarded a grant of $125,000 to support and expand the reach of the FounderTrac Program. FounderTrac is already planning the second cohort that will take place in the Fall of 2018. Applications will be accepted from May 1, 2018 to July 1, 2018 at foundertrac.com.
FounderTrac is a community-based accelerator located in Annapolis, MD. FounderTrac utilizes a holistic approach to fostering and promoting startups and entrepreneurship in Maryland. Entrepreneurs are a diverse and changing community that require a complex network of educational and support resources. FounderTrac works with the community to gather and coordinate these resources to provide the greatest chance of success. Built by entrepreneurs for entrepreneurs, FounderTrac embraces the diversity of Maryland by fostering a truly inclusive community. For more information, visit http://foundertrac.com
MCVC Partners, a venture capital fund, helps leaders and organizations practice “virtuous commerce.” MCVC Partners helps teams focus, execute, and celebrate their vision while balancing their value proposition with social impact. For more information, visit http://www.mcvcpartners.vc
The Maryland Tech Council
The Maryland Tech Council (MTC) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. MTC’s mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit http://www.mdtechcouncil.com