Baltimore coworking space and incubator Betamore will hold its fourth annual Beta City event celebrating the city’s startup environment, it officially announced Thursday.
The Oct. 4 event at Port Covington’s City Garage includes a pitch competition with a $25,000 prize, a networking event spotlighting entrepreneurs and companies and an after party.
“In our fourth year, we are excited once again to celebrate our thriving entrepreneurial community, said Greg Cangialosi, Betamore’s co-founder and chairman. “This year we are taking it to the next level with a new layout and company representation.”
Last year’s pitch competition was won by startup Hungry Harvest, among a field of the region’s most buzzed-about companies.
This year, the event adds the after party, at South Point, a pop-up open air event space on the waterfront at West Covington Park, right across from City Garage. Betamore’s space is in City Garage.
Last year, 1,300 people attended Beta City and organizers expect to top that this year.
Betamore is working with Weller Development on this year’s event.
“We are thrilled with the opportunity to collaborate with Betamore to amplify the amazing work happening in our technology and startup communities,” Chip Watkins, managing director at Weller Entertainment, said in a statement. “We look forward to giving the audience a glimbse into the future of Port Covington and helping to produce one of the best parties of the year.”
While the pitch competition has been a highlight of the event every year, Beta City mostly serves to celebrate Baltimore’s startup community. At last year’s event, most of the startups pitching were already fairly well established, but used the pitch competition as a showcase and a sign that they were making their next big steps as companies.
Hungry Harvest was on the precipice of expanding into North Carolina when it won last year’s competition.
Another competitor, emocha, said it does not normally do pitch competitions, but the Beta City event was too important to pass up.
“We do Beta City because it’s a very well-organized event,” Sebastian Seiguer, the company’s CEO, said last year. “A lot of our investors are there … think it’s always a great opportunity to focus our concept and our pitch.”