Maryland's top accelerators and incubators handpicked for you
Learn from Maryland's foremost start-up experts who know the ins and outs of scaling start-ups.
Choosing The Right Accelerator
Start-ups are hard. Choose an accelerator that guides you in the right direction.
"I doubt that Stripe would have worked without YC. It's that simple."
Patrick Collison, Founder, Stripe
"Accelerators claim they are in it for the long haul — I call bullshit"
Chris Lynch, Founder, Atlas Venture
"The network we built with Techstars was incredibly valuable during and after the program."
Raj Aggarwal, Founder, Localytics
What truly matters
Mentor quality over quantity
Two-way communication > Interview
Accelerator’s brand power
Look for partners not investors
Discover your perfect match
No accelerator or incubator is perfect for every start-up. Your business’s context and constraints matter. Identify your perfect match by answering this short questionnaire.
Maryland's Top Accelerators By Neighborhoods
Comparing Accelerators
This page covers the top accelerators and incubators in Maryland.
However if geography isn’t a hard constraint, and you are only looking for the best incubators and accelerators across the US, check here.
Brief Overview Of Different Accelerators
1) ETC
The Emerging Technology Center in Baltimore, Maryland, is dedicated to fostering the growth of early-stage startups, providing them with essential resources like seed capital, mentorship, and a collaborative community. Specializing in various sectors including clean energy, environmental technology, fintech, healthcare technology, and renewable energy, it cultivates innovative solutions essential for advancing different industries. In addition to supporting startups, the accelerator is recognized in the automotive technology space for its innovative drive-by-wire systems that enhance the control of throttling in vehicles. This technology improves power-train consistency and integrates various safety features like cruise control and traction control, while also contributing to better fuel efficiency and reduced emissions. The components of this system include an accelerator pedal module equipped with independent sensors, an electric-controlled throttle valve, and an engine control module that manages throttle position based on real-time sensor data. Through its initiatives, the organization has established itself as a valuable asset in the startup ecosystem, enabling entrepreneurs to thrive while advancing technology across multiple sectors.
2) University of Maryland - Dingman Center for Entrepreneurship
The University of Maryland's Dingman Center for Entrepreneurship is an award-winning hub that fosters entrepreneurship within an equitable and inclusive community. Their mission is to educate, empower, and equip students with the necessary business skills and resources to pursue entrepreneurship. Key programs include the Terp Startup Accelerator, offering funding and mentorship, the Pitch Dingman Competition for venture pitches, and the E-Fund providing no-strings-attached funding. The center connects student entrepreneurs with a mentor network and resources through the Dingman Portal. The center supports ventures across various industries like Edtech. Notable founders associated with the organization are Amir Ansari, Charles Benedict Calvert, and Kan Cao. The Dingman Center for Entrepreneurship provides a conducive environment for student entrepreneurs to thrive, with a strong emphasis on support, education, and fostering innovation.
3) MTech Ventures
The Maryland Technology Enterprise Institute, an initiative of the A. James Clark School of Engineering at the University of Maryland, is a national leader in entrepreneurship and innovation education. Its mission encompasses educating the next generation of technology entrepreneurs, creating successful technology ventures, and connecting local companies with university resources. The organization has developed a comprehensive entrepreneurship and innovation ecosystem, providing guidance to aspiring and existing entrepreneurs throughout the lifecycle of launching technology-based ventures. Its programs equip top students from around the world with the knowledge required to successfully launch companies. Specializing in various domains including biotech, clean energy, edtech, and general technology, the institute has seen involvement from notable founders such as Amir Ansari, Charles Benedict Calvert, and Kan Cao. The accelerator plays a crucial role in fostering innovation and supporting technology ventures within the university, enhancing connections between academia and the startup community.
4) Johns Hopkins Technology Ventures
The organization operates the FastForward accelerator, a coordinated suite of resources that effectively advances technologies from initial startup stages to market readiness. Targeting various innovative fields, including drug development, manufacturing, life sciences, engineering technology, and digital health, it has successfully created over 150 startup companies. In fiscal year 2022, the portfolio of these companies secured an impressive $264 million in venture funding and received $800,000 in translational funding. FastForward offers accelerator programs such as Spark and Fuel, which are nine-week initiatives designed to propel entrepreneurial ventures forward. The accelerator provides affordable, strategically located innovation hubs across Baltimore, allowing entrepreneurs to focus on their business without worrying about workspace logistics. Additionally, resources include legal and accounting services, fundraising assistance, and networking opportunities, alongside educational programs and workshops aimed at enhancing founders' skills in pitching and startup management. Under the leadership of key individuals such as Daniel Coit Gilman, this institution plays a pivotal role in fostering innovation and connecting founders with the resources necessary to drive impactful technologies to market.
5) The Johns Hopkins University
Founded in 1876, this prestigious institution is America's first research university, comprised of nine distinguished academic divisions that collaborate to advance knowledge and innovation. The organization actively supports innovation, entrepreneurship, and incubation through several initiatives. The Office of Technology Ventures assists faculty and students in transforming their discoveries into successful enterprises, having executed 116 new licenses and received 147 new U.S. patents in fiscal year 2019. FastForward U provides a dynamic environment for students to develop their startups across diverse fields such as science, medicine, and business. Additionally, the Ward Infinity accelerator focuses on social entrepreneurship, empowering teams addressing health and sustainability issues in historically underinvested communities. The Grant Accelerator Program offers one-time grants of $5,000 to $15,000 to junior and midlevel faculty, facilitating their grant submissions. Furthermore, the Social Innovation Lab supports the development of scalable solutions for global challenges. This university plays a pivotal role in nurturing startups primarily in the biotech, edtech, fitness and wellness, general tech, and healthcare tech sectors, illustrating its commitment to fostering innovation and impactful ventures.
6) Made in Baltimore
Made in Baltimore operates the Home-Run Accelerator, a focused 5-month small business development program aimed at empowering local home-based entrepreneurs to transition into commercial production spaces. The accelerator runs from May through September and features an intensive 8-week Master Class curriculum, where seasoned local business owners and experts provide essential knowledge on scaling operations. Up to 12 selected entrepreneurs, primarily women and people of color, are paired with peer mentors who guide them for three months after completing the Master Classes. To qualify, businesses must hold certification, have been operational for at least 18 months, and confirm their intent to scale within the upcoming year. The program covers vital topics such as hiring, supplier identification, and understanding commercial leases, ensuring participants are well-equipped for early-stage growth. Successful graduates are awarded seed capital between $5,000 and $10,000 to facilitate their transition into new facilities. Additionally, ongoing technical support is provided to help participants secure leasable spaces. By fostering local entrepreneurship, this initiative plays a significant role in the economic growth of Baltimore and the development of product-based businesses.
7) Conscious Venture Lab
This immersive 16-week accelerator program, located in Baltimore, Maryland, is dedicated to fostering early-stage, purpose-driven companies. It focuses on using entrepreneurship as a tool for societal transformation, aligning with principles of Stakeholder Theory and Conscious Capitalism. The curriculum emphasizes managing businesses for the benefit of all stakeholders, thereby creating both societal and financial value. The accelerator specializes in supporting diverse founders who operate at the intersection of profit and purpose, particularly through technology-driven solutions aimed at addressing societal challenges and promoting equity. Notable founders include Jeffrey Cherry and Zach Gottlieb, inspired by Jeffrey's mother, Joyce Novella Cherry, known for her advocacy of justice and economic empowerment in historically neglected communities. The institution serves various industries, including Biotech, Cybersecurity, Gaming, General Tech, and Mobile Apps. Participants benefit from immersive support provided by world-class mentors and facilitators to ensure the development of companies focused on the power of purpose.
8) University of Baltimore - Center for Entrepreneurship & Innovation
The Center for Entrepreneurship and Innovation serves as a dynamic hub for entrepreneurial learning, support, and collaboration. Its mission is to cultivate entrepreneurial thinkers, helping them structure business ideas and build value through innovation. They offer a range of support services, including counseling sessions for those interested in entrepreneurship and encouraging entrepreneurial learning among students, alumni, and faculty. Direct assistance is provided to students and young alumni in building or growing their enterprises, while fostering relationships within the business community. The organization sponsors two business pitch competitions annually and prepares participants for both local and national events. Its Entrepreneurship Fellows Program balances classroom theory with practical experience, allowing students to work alongside expert entrepreneurs and faculty while receiving fully-funded scholarships for four semesters. The center supports a wide range of entrepreneurial ventures across various industries. By collaborating with partners and the business community, resources for launching and growing businesses are enhanced, thereby adding significant value to students, faculty, and the Baltimore entrepreneurial ecosystem.
9) F3 Tech Business Accelerator
This pioneering business accelerator fosters innovation and economic growth in Maryland's traditional agriculture and seafood industries. It focuses on the sectors of AgTech, CyberAg, Renewable Energy, and AgBioTech, assisting late-stage companies by providing advanced business advisory services. Supported by the non-profit Eastern Shore Entrepreneurship Center and the U.S. Economic Development Administration, the program guides entrepreneurs from ideation to commercialization. Selected participants benefit from industry access, revenue strategy development, pilot program collaboration, investment guidance, and executive support. Notably, the organization offers non-dilutive capital investments to aid manufacturing and scaling initiatives without taking equity, thus providing a compelling advantage to early-stage companies. This unique structure positions Maryland as an attractive hub for advanced manufacturing. With a clear emphasis on developing solutions to market-driven challenges, it plays a crucial role in enhancing the farm, food, and fish ecosystems.
10) Startup Shell
Startup Shell is a student-run incubator and co-working space located at the University of Maryland, dedicated to nurturing the student entrepreneurship community. It provides a conducive environment equipped with the necessary resources and networking opportunities to help students explore ideas, collaborate, and scale their ventures. The organization plays a pivotal role in supporting startups primarily in Agriculture Tech, Environmental Tech, and Renewable Energy. Justin Searles is one of the notable founders associated with this initiative. In addition to its focus on student-led startups, they are interconnected with the Shell StartUp Engine, which accelerates a broader range of startups globally, particularly in areas such as sustainable agriculture, energy solutions, and social technology. The program emphasizes mentorship, collaborative learning, and market entry support, enhancing business skills and building credibility for participants. This comprehensive support structure enables emerging businesses to effectively navigate their growth journeys and innovate responsibly within their respective sectors.
11) Bethesda Green
This non-profit incubator accelerates the sustainable economy through its innovative Accelerator, which is an integral part of the Innovation Center. The program runs for 4-5 months each spring, offering a fast-paced, high-touch curriculum designed to support entrepreneurs at various stages of their business lifecycle. Companies can be pre- or post-revenue, but must have a minimum of one full-time employee and at least 6-8 months of runway. Participants are encouraged to be coachable and growth-focused, seeking sales or investment within 6-12 months. Entrepreneurs from across the United States are welcomed, though preference is given to ventures based in the DMV region, particularly Montgomery County, MD. Areas of focus include ClimateTech, BlueTech, Natural Resources, Circular Economy, Sustainable Fashion, AgTech, Food & Beverage, and more. Inclusivity is a core value, with encouragement for applications from diverse founders, including people of color, women, non-binary individuals, and LGBTQ+ members. The organization aims to foster a cohort that reflects the regions diverse population. Although the Accelerator is currently on hold for 2024, it continues to serve as a vital resource for environmentally conscious entrepreneurs.
12) Hibiscus Bioventures
This consultancy specializes in the biotechnology and pharmaceutical industries, with a focus on mergers and acquisitions (M&A) and corporate development. It plays a pivotal role in the Mayflower BioVentures accelerator, a collaboration with the renowned Mayo Clinic and Innoforce, centered on advancing cell and gene therapies. The initiative aims to establish companies that tackle unmet patient needs in these critical fields. The partnership leverages the Mayo Clinic's esteemed resources, including a portfolio of advanced immune system modulators and therapeutic innovations, as well as its Center for Regenerative Biotherapeutics, which drives regenerative technologies into early-phase clinical trials. The organization contributes by offering comprehensive end-to-end solutions for advanced medicines and connects startups with the clinic's cutting-edge research capabilities. The accelerator also provides unique advantages, such as access to clinical leaders from the Mayo Clinic and operational expertise offered by the consultancy. Founded by Christopher Jeffers, this institution is establishing itself as a key player in bridging the gap between academia and industry to deliver new treatments for serious health conditions.
13) Accelerate Baltimore
This premier tech-focused accelerator, located in Baltimore, Maryland, is operated by the Emerging Technology Centers and supported by the Abell Foundation. The program spans 13 weeks and awards $50,000 in funding to selected startups. Participants benefit from hands-on support, which includes free office space, access to a high-level advisory team, mentorship, and connections to potential investors and partners. The organization primarily invests in modern technology sectors, encompassing industries such as Artificial Intelligence, Cybersecurity, Mobile Apps, and SaaS (Software as a Service). Its comprehensive support system equips startups with the necessary resources to thrive in a competitive environment. Notable founders and successful startups originating from this initiative further underline its impact on the local tech ecosystem.
14) AccelerateBaltimore
AccelerateBaltimore is a leading tech-focused accelerator program based in Baltimore, spearheaded by the Emerging Technology Centers (ETC) and the Abell Foundation. The initiative is designed to support innovative startup technology companies through a structured 13-week program. Selected startups receive a funding boost of $50,000, aimed at fostering their growth and development. Since its inception, the organization has successfully invested in ten companies within its first two years and aims to continue this momentum by enrolling six new innovative startup technology companies into its portfolio. The program emphasizes nurturing tech startups, providing a vital platform for business owners in Baltimore. It enables them to access the resources and support necessary for scalability and success in the competitive tech landscape.
15) ETC Baltimore
The Emerging Technology Center in Baltimore, Maryland, is dedicated to fostering early-stage startups, particularly in the tech sector. Its flagship program, AccelerateBaltimore, is a 13-week accelerator that provides selected startups with $50,000 in funding, along with hands-on support and guidance. This initiative aims to nurture tech startups across various domains, including fintech and general technology, ensuring that participants have access to invaluable resources that enhance their growth potential. The application deadline for aspiring startups was August 1, 2020, with a relaunch expected in 2024, aligning with a new strategic plan. Accelerators generally offer networking opportunities, mentorship, co-working spaces, and connections with potential investors and industry experts, which are key components in supporting startup development. The leadership behind this institution is focused on the growth of its participant startups, contributing significantly to the local entrepreneurial ecosystem.
16) 1501 Health
The organization is a year-long incubation and investment program dedicated to supporting early-stage healthcare companies. Backed by key partners, including Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield, and LifeBridge Health, it aims to advance emerging technologies and transformative solutions that improve healthcare access, reduce care costs, enhance clinical outcomes, and elevate patient and provider experiences. Startups in the program can secure investments of up to $125,000 to fuel their growth. Eligibility criteria require applicants to be for-profit, incorporated healthcare companies with scalable products or services and a full-time team, excluding pharmaceutical firms. Participants gain access to dedicated advisory services, fostering valuable connections with industry experts and fellow entrepreneurs, and may utilize a premium, no-cost co-working space in Baltimore. The initiative also offers workshops, networking sessions, and events to further support participants. One notable startup that has benefited from this program is Mighty Health, which provides an integrated health program for adults aged 50 and above. The accelerator plays a pivotal role in nurturing innovation and driving meaningful change in the healthcare sector.
17) Frederick Innovative Technology Center
The Frederick Innovative Technology Center, Inc. (FITCI) is a nonprofit business incubator and accelerator established in 2004 in Frederick, Maryland. Its mission is to drive economic development by promoting technological innovation and facilitating the growth of commercially viable businesses. They offer a variety of programs and services, including business development guidance, access to offices and laboratories, CEO roundtables, and business training classes tailored for entrepreneurs at different stages. The accelerator program typically lasts 12 weeks and has achieved an 80% member retention rate since 2016, primarily through referrals. The organization's ecosystem has significantly impacted the local economy, contributing $389 million, and its start-ups have raised notable funding in recent years. It specializes in sectors such as biotech and healthcare technology, providing coaching, capital assistance, and valuable connections for emerging businesses. Through initiatives like 'StartUp Evolve,' a collaborative environment for CEOs is fostered, enhancing networking and learning opportunities among entrepreneurs. The innovative spirit of Frederick, combined with robust support infrastructure, creates an advantageous atmosphere for business development.
18) The Center for Advancing Innovation
A pioneering accelerator focused on igniting entrepreneurship and economic growth through the commercialization of publicly funded breakthrough technologies. Their mission centers on transforming government-funded research and development inventions into impactful startups. The organization organizes global innovation challenges that encourage entrepreneurs to develop solutions in various domains, including health technology and cancer research, featuring notable challenges like the Neuro Startup Challenge and the Freedom from Cancer Startup Challenge. With a robust program structure, it includes an 8-month virtual mini-MBA that equips over 4,000 entrepreneurs, resulting in the launch of more than 400 startups, 70% of which are minority or woman-led. These startups have collectively raised over $1.9 billion and created over 2,000 jobs. Through mentorship from industry leaders, interactive webinars, and networking opportunities, participants gain crucial skills for startup success. Notable founder Rosemarie Truman leads this initiative, driving efforts in the biotech, healthcare tech, and general tech industries, underscoring a commitment to diversity and innovation within the entrepreneurial landscape.
19) FounderTrac
Annapolis-based accelerator program dedicated to empowering startups and enhancing their chances of success. With a team comprising founders, venture capitalists, and ecosystem builders, it focuses on fostering innovation and mission-driven entrepreneurship. The organization offers a virtual platform that provides live online sessions, video content, and written materials, allowing participants to engage remotely and access valuable resources. Key features include right-time resource matching, capital access, and ongoing, needs-based mentorship for founders. It compiles extensive metrics for startups, tracking revenue, jobs created, and capital raised both during and after the program. Utilizing a proprietary algorithmic assessment, the initiative identifies risk points, waste, and tracks execution speed along with third-party-verified milestones. The program supports various industries, notably fintech and personal finance, and includes a mentor matching system tailored to startups' specific needs. By facilitating curriculum integration and offering a structured company-building framework, it aids ecosystem leaders in achieving long-term sustainability and success for the startups they support. Notable founder Ryan Sears is among those driving the initiative, underscoring its commitment to nurturing the global entrepreneurial ecosystem.
20) Wood Street
The accelerator is a dynamic program dedicated to supporting early-stage startups and entrepreneurs, particularly those operating within sustainable and impact-driven sectors. It focuses on fields such as clean energy, circular economy, social impact, and sustainable technology. Through a comprehensive suite of resources, mentorship, and funding, it aids startups in their growth journey. Accepted companies receive personalized mentorship from experienced entrepreneurs and industry experts, access to co-working spaces, and the necessary resources for legal, marketing, and business development assistance. While the exact number of startups associated with the program is unknown, it collaborates with a diverse array of businesses, successfully funding several in the process. The initiative typically runs for a few months, culminating with a demo day where participants pitch their business ideas to potential investors. Networking opportunities are abundant, allowing startups to connect with partners, customers, and investors. This accelerator strives to create a supportive ecosystem, contributing to positive environmental and social change in the business landscape.
21) Betamore
This dynamic campus for technology and entrepreneurship is strategically located in the Federal Hill neighborhood of downtown Baltimore. Founded by Greg Cangialosi, Sean Lane, and Mike Brenner, the accelerator is dedicated to fostering the growth of technology-based startup companies through collaboration, incubation, and education. The core offering is the Startup 101 Program, which spans six weeks and covers vital areas such as idea validation, minimum viable product (MVP) development, and early-adopter customer acquisition. Guided by experienced instructor Brendan McAdams, participants receive individualized coaching and access to essential resources like AI tools and templates that streamline the startup process. They support domains including Artificial Intelligence, Edtech, General Tech, and SaaS, allowing startups from diverse sectors to benefit from tailored guidance and a robust network. The program emphasizes building a strong foundation for startups by equipping entrepreneurs with the skills needed to validate their ideas and attract initial customers. Through a combination of education, mentorship, and practical tools, this institution empowers aspiring entrepreneurs to thrive in the competitive landscape, making it an invaluable resource for the startup community.
22) The LaunchPort
The LaunchPort is a specialized manufacturing and Medtech acceleration center located in Baltimore, Maryland, designed specifically for medical startups and innovators. This accelerator offers a unique opportunity for medical device startups to co-locate in a regulated manufacturing environment, fostering close collaboration with esteemed institutions such as Johns Hopkins and the University of Maryland medical schools. It supports startups across various medical fields, including cardiology, general surgery, hemodialysis, in-vitro diagnostics, gastroenterology, neurology, neurosurgery, ophthalmology, orthopedics, pulmonology, robotics, and tissue engineering. One notable resident, JuneBrain Inc., has developed an AI-driven wearable eye-scanning device alongside a SaaS platform aimed at enhancing patient monitoring in eye care and neurology. The organization stands out for its ability to integrate healthcare technology, artificial intelligence, and robotics, thus providing startups with a robust ecosystem to accelerate medical device innovation.
23) RadTech
RadTech is an association dedicated to advancing the use of ultraviolet (UV) and electron beam (EB) technologies across various industries, including printing, coatings, adhesives, and more. The organization focuses on promoting Electron Beam Accelerators (EBAs) that generate high-energy electrons for curing coatings, inks, and other materials through different systems like cathode ray tubes (CRT) and wide-area curtains. Compact Accelerators operate in the 90 to 300 keV range, offering efficient treatment for thick films without the need for scanning. RadTech actively engages with start-ups and industry players, supporting UV and EB start-ups through initiatives like RadLaunch. Specializing in UV and EB technologies in sectors like printing, packaging, automotive, and electronics, RadTech fosters innovation, sustainability, and material enhancements. The association facilitates networking and knowledge sharing, notably through events like the RadTech UV+EB Technology Expo & Conference, where industry experts convene to discuss advancements and innovations.
24) The Edge Accelerator
This industry-agnostic program is dedicated to supporting entrepreneurs across various sectors, including Agriculture Tech and Clean Energy. The 12-week accelerator offers an intensive experience designed to foster growth and innovation among participating start-ups. Entrepreneurs benefit from access to mentorship from experienced professionals, valuable insights from knowledgeable lecturers, and assistance from investment teams to enhance funding strategies. The program emphasizes networking and collaboration through diverse focus groups, helping start-ups connect with one another and industry experts. Additionally, participants can utilize FITCI's facilities and amenities, which provide essential office and lab space for local entrepreneurs. The initiative successfully creates an inclusive and accessible environment for those seeking to elevate their businesses.
25) Maryland Business Innovation Association
Founded in 2002, this organization is dedicated to advancing business incubation and fostering innovation across the state's entrepreneurial ecosystem. With a membership of 25 influential entities, it has significantly impacted Maryland's economy, facilitating the creation of over 1,750 companies and generating more than 12,000 new jobs. Currently, approximately 550 of these companies are affiliated with 25 Innovation Centers, which nurture a diverse range of sectors including technology, biotechnology, medical technology, green technology, digital media, and cybersecurity. It serves as a cornerstone of Maryland's entrepreneurial landscape, uniting leaders, mentors, and community builders to provide essential resources and networking opportunities for startups. This collaborative approach enhances the innovation capacity within both urban and rural regions of the state. As a vital force in the economy, the institution continues to champion the growth of startups and drive job creation while offering a rich array of services tailored to the unique needs of emerging businesses.
26) Silver Spring Innovation Center
The institution is strategically located in Silver Spring, Maryland, just minutes from Washington, D.C. This inclusive incubator space features an industrial ambiance that attracts a diverse range of technology companies across sectors such as Artificial Intelligence, Cybersecurity, Environmental Tech, Renewable Energy, Robotics, and SaaS. Situated in a qualified Historically Underutilized Business Zone (HUBZone), it provides unique advantages by facilitating small business growth through federal contract opportunities. The center delivers valuable resources including business consulting, legal and accounting assistance, and intellectual property support. Moreover, it participates in the Maryland Global Gateway Soft Landing Program, aiding international companies in establishing their U.S. headquarters or East Coast operations. Neighboring businesses such as TV One and the National Oceanic and Atmospheric Administration (NOAA) contribute to the dynamic business environment. Overall, this innovation hub stands out as a vibrant destination for technology start-ups seeking to thrive in a supportive ecosystem.
27) Novella Center for Entrepreneurship
The Novella Center for Entrepreneurship is a nonprofit 501(c)(3) organization dedicated to expanding access to entrepreneurship opportunities for all. Its mission is to transform the purpose of business by using entrepreneurship as a tool for social change, aiming for a more just, joyous, equitable, prosperous, and profitable world. Named after founder Joyce Novella Cherry, who championed economic justice for thriving communities, the institution focuses on training diverse founders who operate at the intersection of profit and purpose. The curriculum is rooted in Stakeholder Theory and Conscious Capitalism, emphasizing management for all stakeholders to enhance both societal and financial value. Utilizing the FounderTrac platform, it provides customized educational content and immersive support, connecting early-stage founders with mentors and experts, equipping them for investment readiness. The organization specializes in empowering underestimated entrepreneurs, fostering generational wealth and social equity. Through its initiatives, they continue to honor Joyce Novella Cherry's legacy of economic empowerment in historically neglected communities.
28) Maryland Energy Innovation Accelerator
Established in 2019 by the Maryland Clean Energy Center (MCEC), this accelerator focuses on early-stage technology commercialization in collaboration with Maryland-based universities, labs, and businesses. Its mission is to create investible clean energy companies, supporting a wide range of domains including solar, wind, batteries, energy efficiency, grid modernization, and carbon capture utilization and storage (CCUS). The organization engages with pre-seed startups at Technology Readiness Levels (TRL) 4, 5, or 6, equipping them with the necessary tools to enhance their credibility with investors. Each startup team receives a $10,000 discretionary budget to hire Energy Executives in Residence (EEIRs) who provide essential business support and are sourced from local clean energy companies and experienced consultants. These executives assist in customer development, strategic partnerships, and securing seed or Series A funding. The accelerator emphasizes strategic partnerships to connect startups with valuable resources and distribution channels. With its robust framework, it serves as a vital engine for clean energy innovation in Maryland, propelling startups towards sustainable success in the renewable energy sector.
29) Pax Momentum
Pax Momentum operates a disciplined, profit-driven accelerator designed to launch innovative technology companies outside Silicon Valley. Since its inception in 2020, the institution has made 60 investments and aims to empower exceptional founders by providing investment, training, and access to a professional network necessary for success. The accelerator program lasts eight weeks and includes a significant equity investment of $50,000 for each of the ten selected startups, which later cohorts increased to $125,000. It welcomes startups from all industries, including Artificial Intelligence, Cybersecurity, General Tech, and SaaS, and is open to applicants from around the globe. The program is primarily virtual, ensuring accessibility for startups across various locations, supplemented by three in-person meetups in D.C. and surrounding regions. Under the guidance of experienced entrepreneurs, investors, and CEOs, the organization focuses on helping participants build a repeatable and scalable sales process, ultimately fostering the growth of innovative tech companies.
Top Reasons Start-ups Participate In Accelerators
Accelerator brand power
Like Ivy-League credentials, your start-up’s story benefits from an accelerators’ brand.
Developing business sense
Which metrics will make or break your start-up?- You can have 100k users and still fail.
Rapid learning curve
There’s a reason accelerators are called accelerators. It’s a fast ride.
Investor connect
Accelerators give an opening to many locked doors.
Why an accelerator might not be right for you
It's usually helpful to consider potential pitfalls. Some common misconceptions
Are you really important for them?
An accelerator or investor can hedge their bets by investing in multiple start-ups, but as a founder your start-up is your only bet.
It isn't about the exits
Accelerators and investors care much more about getting a return rather than building a business. However that's not a luxury founders can afford.
What's the real value of your equity
There's a math behind how accelerators decide whether your start-up is worth investing. Did you run the calculation for diluting your equity?
FAQs About Start-up Accelerators
Spend time on what matters: your business.
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Accelerators and Incubators in maryland
Looking for the best accelerators in Maryland? There are numerous reasons to choose an accelerator to kickstart your start-up journey. Accelerators provide invaluable resources, such as mentorship, networking opportunities, and funding, that can significantly boost your company's growth. Maryland has a thriving start-up culture with a supportive community and access to top-notch universities and research institutions. Choosing the right accelerator can be crucial for the success of your start-up. Factors to consider include the industry focus of the accelerator, the mentorship and networking opportunities available, the funding options, and the track record of success of start-ups that have graduated from the program. Notable start-ups from Maryland that have seen great success include Hungry Harvest, a food waste reduction company, and Fearless, a digital services firm. These success stories serve as a testament to the thriving start-up ecosystem in Maryland and the opportunities that accelerators in the state can provide.
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