Press Releases

U.S. Department of Commerce Invests $4.6 Million in FITCI

U.S. Department of Commerce Invests $4.6 Million in American Rescue Plan Funds for Building Renovations to Support Job Growth in Frederick, Maryland

“Frederick is a beautiful place to live, work and grow, and the Frederick Innovative Technology Center, Inc. is an important contributor to the local economy’s expansion. I have toured its facilities and seen its effectiveness in action, and have been impressed by the determination and ingenuity of the small businesses that are getting their starts … Read more

iyotee Secures $9.35 Million In Series A Funding and Launches KnowledgeNet.ai

New AI-Driven Network Collaboration App Revolutionizes How Organizations Use Their Intellectual Capital

FREDERICK MD, February 09, 2022 – KnowledgeNet.ai, a leader in knowledge intelligence, announced today that it has raised a $9.35M Series A investment round through syndicate investors. KnowledgeNet.ai goes beyond relationship intelligence to combine relationship intelligence, knowledge retention, and secure collaborative networking to meet the growing need of deal makers and executives to identify opportunities and close … Read more

FITCI helps fellow nonprofits by “Giving BACK”

Board and staff volunteer, sharing the spirit of gratitude and generosity

If November sparks gratitude and December is devoted to giving, now is a perfect time to acknowledge the good while renewing the spirit of fellowship and community. In response, team members at the Frederick Innovative Technology Center, Inc. (FITCI), a nonprofit dedicated to facilitating economic and workforce development through dynamic support of emerging bioscience and technology … Read more

FITCI earns Rural Maryland Council Outstanding Rural Economic Development Award

For Outstanding Leadership and Public Service in Advocating Policy Solutions to Greatly Benefit Rural Communities.

The Frederick Innovative Technology Center, Inc. (FITCI) was recently honored for Outstanding Rural Economic Development by the Rural Maryland Council (RMC). The award was presented as part of the 2021 Rural Summit held in Annapolis on December 1 and 2. The event’s theme was Redefining Resilience and Recovery and featured the Honorable Larry Hogan, Governor, … Read more

FITCI Receives 2022 Grant from Rural Maryland Council

The Rural Maryland Prosperity Investment Fund Grant Will Help Build an Agricultural Technology Lab

(Frederick, MD) Frederick Innovative Technology Center, Inc (FITCI) was awarded Rural Maryland Council’s Rural Maryland Prosperity Investment Fund Grant for 2022 for the Ag-Tech Lab project, part of FITCI’s new Innovation Center. The funding, along with help from collaborators and partners like RoosterBio and a grant from the USDA, will built and outfit an agricultural technology-focused … Read more

Mesa Green Pharma LLC. Receives Positive Feedback from FDA’s Center for Veterinary Medicine

Pilot Study Provides Positive Results for K9MGP Treatment Active Canine Seizures

FREDERICK, Md. September 21,2021— Mr. Michael Mesa, CEO of Mesa Green Pharma (MGP) stated that “company representatives met with FDA’s Center for Veterinary Medicine (CVM) on September 9, 2021, to discuss the company’s development program for K9MGP.” MGP is developing K9MGP as a treatment to stop active generalized seizures in canines that can be administered at … Read more

Nanobiofab Earns $1.1M Defense Health Agency SBIR Grant for AI-powered platform

Novel nanomaterials measure pressure and volatile chemical compounds

Frederick, Maryland – Tao Treasures LLC DBA Nanobiofab, a minority woman-owned nanotech startup in the Frederick Innovative Technology Center, Inc. (FITCI), is helping medical mannequins tell doctors where it hurts. The company, which creates revolutionary million-scale nanomaterial used in applications ranging from routine health monitoring to cancer detection, is working with West Virginia University (WVU) … Read more

Dr. Ruoting Yang in Molecular Psychiatry on biotypes for PTSD

NanoBioFab co-founder garners industry attention

Geneva Scientist Dr. Ruoting Yang first-authored a manuscript published in Molecular Psychiatry on biotypes for post-traumatic stress disorder (PTSD), the first of their kind of any psychological disorder. Dr. Yang is a Computational Biologist, specializing in artificial intelligence, software, and biomarker research. He is part of the PTSD Systems Biology Consortium, a network of world-renowned scientists from … Read more

Veralox Therapeutics Appoints Michael Hanna as Chief Medical Officer

FREDERICK, MD – June 23, 2021 – Veralox Therapeutics, a biotechnology company developing first-in-class small molecule therapeutics that treat the underlying pathologies of diseases with significant unmet medical needs, today announced the appointment of Michael S. Hanna, MD, FACC, as chief medical officer. “We are very pleased that Michael Hanna is joining the Veralox team … Read more

Old Line Capital Invests in CarrTech

Old Line Capital Partners announced today that they have made a significant investment in CarrTech LLC, to extend product development, sales, and marketing of CarrTech’s innovative filter needle. “CarrTech’s FROG device (Filter Removal of Glass) saves lives, prevents injury, and saves time in the emergency room and anywhere glass ampoules are used for injectable medicine. FROG turns … Read more