SOURCE: Blue Chip Venture Company

March 13, 2007 16:30 ET

Baltimore Emerging Technology Center Names Blue Chip Venture Director to Their Board

Chris McCleary Brings Unique Experience to ETC

CINCINNATI, OH -- (MARKET WIRE) -- March 13, 2007 -- Blue Chip Venture Company today announced that the City of Baltimore's Emerging Technology Center has selected Blue Chip Director Christopher McCleary to join its Board of Directors. Blue Chip recently tapped McCleary to open an office in Maryland to expand its presence in the Mid-Atlantic region. Prior to Blue Chip, McCleary founded several companies, including DIGEX, USinternetworking and Evergreen, located in this region.

Baltimore's Emerging Technology Center (ETC), a venture of the Baltimore Development Corporation, is a non-profit business incubator program with two separate incubator facilities, focused on growing early-stage technology and biotechnology companies in Baltimore City. The ETC incubators offer fully wired office space for participating companies at below market rates. ETC companies enjoy flexible leases, shared basic services and equipment, tech support, and on-site management. The ETC also offers companies access to customized business and technical assistance -- all geared to the specialized needs of each company. "The City of Baltimore's ETC organization is a model program for progressive economic development. I am honored to serve with ETC President Ann Lansinger and the other board members to further the mission," said McCleary.

About the ETC

The ETC, a venture of the Baltimore Development Corporation, is a non-profit business incubator focused on growing early-stage technology and biotechnology companies. The ETC promotes economic development, providing business, technical, and networking connections to help these companies grow and prosper -- adding to both the job and tax base of Baltimore City. To date, ETC client companies have received nearly $200 million in funding and have been issued nearly 150 patents. Since 1999, ETC has provided assistance to 123 companies and 86 percent of its graduate clients are still in business. The ETC's incubator facilities provide participating companies with direct, customized business assistance, including technical assessment, marketing assistance, business modeling, mentoring, and access to funding sources in addition to a wide array of physical amenities, including fully wired office space, flexible leases, shared basic services and equipment, and technology support. Visit www.etcbaltimore.com

About Blue Chip Venture Company

Blue Chip Venture Company is a Cincinnati-based venture capital firm with $600 million under management and investments in over 100 companies. As a partner with management, Blue Chip invests in and helps develop Investment and Business Building Programs for privately owned growth companies. Blue Chip focuses on investments in the enterprise software, technology infrastructure, healthcare and media and marketing industries. Investments are made in companies that are in the early and growth stages as well as in companies that are more established and require expansion or acquisition capital. Visit www.bcvc.com.

Contact Information

  • Contact:
    Dov Rosenberg
    Blue Chip Venture Company
    513.723.2300

    Ann Lansinger
    Emerging Technology Center
    410.327.9150