Maryland Boosts Support for Defense Tech Startups
December 15, 2024 - 05:59
On Friday, Governor Wes Moore, alongside Maryland's congressional delegation, unveiled an expansion of the Maryland Defense Technology Commercialization Center (DefTech). This initiative is backed by a substantial $585,463 grant from the Department of Defense, complemented by state matching funds. The objective of this program is to bolster startups and small businesses engaged in the commercialization of defense technologies.
The DefTech program aims to enhance the state's role as a hub for innovation in defense-related sectors. By providing financial support and resources, the initiative seeks to accelerate the development and deployment of cutting-edge technologies that can meet the needs of the defense industry. Governor Moore emphasized the importance of fostering a robust ecosystem for defense technology, which not only supports economic growth but also strengthens national security.
This expansion is expected to create new opportunities for entrepreneurs and contribute to the diversification of Maryland's economy, positioning it as a leader in defense technology commercialization.
MORE NEWS
August 3, 2025 - 19:19
The Role of Emotional Intelligence in Shaping Future Workforce and EducationIn today`s rapidly evolving job market, emotional intelligence (EI) is emerging as a crucial component of human capital development and educational technology. As organizations recognize the...
August 3, 2025 - 07:18
Dufu Technology Berhad Reports Second Quarter 2025 EarningsDufu Technology Berhad has announced its financial results for the second quarter of 2025, revealing a notable decline in earnings per share (EPS). The company reported an EPS of RM0.005, a...
August 2, 2025 - 17:50
Stock Analysis | Seagate Technology Outlook - A Mixed Bag of Signals Amid Earnings FocusSeagate Technology has recently captured the attention of investors as it navigates a complex landscape marked by fluctuating demand and evolving market conditions. As the company gears up for its...
August 2, 2025 - 02:01
$1.5 Million Grant Awarded to Nature's Crossing Technology Center in WaynesboroIn a significant boost for local economic development, the Nature`s Crossing Technology Center in Waynesboro has been awarded a grant of $1.5 million. This funding was announced by Governor...