Increase the number of successful Maryland Innovation Center companies.
Objective Description
Trend Analysis
The MIC has seen a significant return to normal activity levels following the issue caused by the COVID-19 pandemic. FY2023 will be the first full year since the pandemic that the MIC could operate at full capacity, visitor and service numbers are increasing. As the MIC is able to serve more people in the community, word-of-mouth and publicity has already been seen to further ramp-up growth.
Strategies
- Grow MIC member companies through new, tailored approaches for company growth with assigned mentors and continue competitive programming that makes MIC the regional hub for entrepreneurial growth.
- Equip MIC member companies with Cyber Security tools through Cyber Howard Phase 1 and expand the program to the broader community in Phase 2.
- Support MIC Empower/Amplify members with funding raises (e.g. Grants, venture capital, series, etc.)
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Source: Howard County Economic Development Authority