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Frederick Innovative Technology Center gets $450,000 in grants

In this Sept. 24, 2013, file photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.(AP Photo/LM Otero, File)

In this Sept. 24, 2013, file photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.(AP Photo/LM Otero, File)

The Frederick Innovative Technology Center Inc., a technology incubator in Frederick, received the most money in fiscal year 2019 grant awards from the Rural Maryland Council’s Rural Maryland Prosperity Investment Fund.

The two grants received by FITCI total $450,000. A $250,000 grant is to build and operate a technology makerspace focusing on the “internet of things” market at the incubator’s downtown Frederick location. A $200,000 grant will be used to develop a cohort-based program to accelerate growth at both of FITCI’s locations. FITCI’s plans for the program include connections, mentorship, educational components, and a public pitch event.

In all, the council granted $2.27 million in funds though 31 grants to 28 Maryland organizations.

 


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