The 2023 Maryland New Venture Fellowship Just Awarded $10K to These Startup Teams

A Maryland program pairing cyber researchers and entrepreneurial grad students to form startups just picked its latest crop of winners.

Now in its third year, the Maryland New Venture Fellowship for Cybersecurity is a program established in collaboration with bwtech@UMBC, UMBC and the University of Maryland system. This program aims to expedite the launch of cybersecurity businesses in the state and is funded through a grant from the US Economic Development Association.

Earlier this month, eight teams participated in a pitch competition hosted at bwtech@UMBC South to close this round of the program. Each team consisted of a technologist, a graduate student fellow from UMBC, and a mentor. Over 15 weeks, they worked together to develop new technology and design a business launch plan, guided by a curriculum facilitated by bwtech@UMBC and presentations from local business and technology experts.

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