The upcoming “Beta City” event, sponsored by Plank Industries and Betamore, the Federal Hill-based incubator and education center, will give emerging companies a chance to pitch their ideas to investment firms, including Greenspring Associates, Grotech Ventures and Camden Partners.
The first portion of the day-long celebration of startups and innovation in the region, scheduled for Oct. 1, will be a pitch session at Betamore’s campus. Eight to 10 emerging companies from Maryland will be chosen this month to pitch their ideas to potential investors, Betamore officials said.
Other groups that will hear those pitches include Plank Industries itself, the global venture capital firm New Enterprise Associates, the Maryland Technology Development Corporation and the investment group Baltimore Angels.
When a Baltimore company needs investors, it usually has to make multiple pitches in multiple places, Betamore CEO Jennifer Meyer said in a statement. Venture capitalists also spend hours researching and meeting with companies, she said.
“This event will help both sides cut through the clutter, true to Betamore’s mission of connecting companies with the resources they need to grow,” Meyer said in the statement. “Baltimore’s innovation industry has amazing momentum right now, and Beta City will highlight the companies and people who are driving this energy.”
Companies that wish to pitch during the event can apply at Betmore’s website. The deadline to apply is Sept. 15; the participating companies will be announced around Sept. 23, Betamore officials said.
Beta City is also sponsored by Techinical.ly Baltimore and will be an anchor event of the website’s annual Baltimore Innovation Week; it will also be a stop on Startup Maryland’s Pitch Across Maryland bus tour.
Beta City will also include a networking event and award ceremony at Plank Industries’ City Garage innovation center in Port Covington, followed by a party with music.