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
By
EDA
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“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
By
James Alvord
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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
By
April Bartel
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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.
By
April Bartel
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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
By
FITCI
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(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
By
Michael Mesa
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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
By
April Bartel
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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
By
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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
By
Veralox Therapeutics
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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
By
April Bartel, FITCI
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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