Betamore, a co-working space, incubator and campus for technology and entrepreneurship, announced Thursday it is partnering with Sagamore Ventures to establish a number of initiatives in the Port Covington startup hub City Garage.
Sagamore Ventures and Betamore have previously worked together to organize Beta City, Baltimore’s largest tech event hosted in City Garage. Now they are partnering again on several initiatives including increased educational programming in City Garage, workforce development efforts, and a build-out of coworking space in Main Street of City Garage, Betamore said Thursday.
Betamore will extend its existing educational programming to City Garage, and collaborate with The Foundery to develop programming around all STEAM (Science, Technology, Engineering, Art and Math) activities.
City Garage will allow people to learn to code and weld under one roof. This will create an optimal space for companies focused on product innovations to tackle their hardware, software, and business needs.
“In addition to resources such as mentorship, skills-based education, and flexible term office space, Betamore provides its members with direct access to a knowledge pipeline of leaders and businesses that provide real world solutions to their growing business issues,” said Betamore CEO, Jen Meyer. “By expanding to City Garage, Betamore will be able to offer entrepreneurs even more opportunities to help them launch and build successful businesses.”
Betamore will also become involved in the workforce development initiatives spearheaded by Sagamore Development Co. and other potential partners.
“We are thrilled to welcome Betamore to City Garage,” added Demian Costa, managing partner of Sagamore Ventures. “City Garage will offer cutting-edge STEAM classes and workshops including coding, 3D printing, woodworking and welding that are unique to the location. Betamore’s expansion is a catalyst for building tomorrow’s workforce.”
As part of the partnership, Betamore will establish a second location at City Garage. Members of Betamore will be able to work in either location through a joint-membership to Betamore and City Garage/The Foundery, the industrial-grade maker-space in City Garage, for a modest additional fee.
Sagamore Development will coordinate the build-out of the space beginning in January 2017 with an anticipated six-month build-out. City Garage will provide 8,000 square feet of space, 55 to 65 new desks, private offices and two conference rooms.
Betamore said it has been home to more than 120 companies that have collectively raised more than $57 million in venture capital. Its education and event offerings have served over 16,000 attendees.
Sagamore Ventures is the venture capital subsidiary of Plank Industries, the private company of Kevin Plank, founder and CEO of Under Armour.