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Incubator/Accelerator
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Investments

46

Portfolio Exits

9

About Emerging Technology Center

The ETC, a venture of 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.

Emerging Technology Center Headquarter Location

2400 Boston Street

Baltimore, Maryland, 21224,

United States

(410) 327-9150

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Expert Collections containing Emerging Technology Center

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Emerging Technology Center in 1 Expert Collection, including Pharma Startups.

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Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest Emerging Technology Center News

Carpenter Technology opens Emerging Technology Center

Dec 5, 2019

Carpenter Technology opens Emerging Technology Center Athens, Alabama site to offer future-tech additive manufacturing capabilities. The 500,000ft2 ETC additive manufacturing (AM) facility can atomize a range of specialty alloys into metal powder and manufacture the powder into finished parts using 3D metal printing. Its downstream equipment for taking the initially produced part to a final finished product includes a state-of-the art, quick cooling Hot Isostatic Press (HIP) system, as well as vacuum heat treating to optimize the material properties of high-value specialty alloy components. Parts manufactured in the ETC can then be qualified for use in a range of cross-industry applications, from aerospace and transportation to oil and gas and energy. Critically, the ETC is designed to maintain full traceability and provide analytical insights throughout the manufacturing process via a digital thread, allowing Carpenter Technology to manage the entire manufacturing process under one roof with a streamlined workflow – a key differentiator for the company in the AM industry. “Our Emerging Technology Center is a critical component of Carpenter Technology’s future growth and development and is aligned with our business strategy of evolving to an end-to-end solutions provider and influential leader in the AM area,” said Carpenter Technology CEO Tony Thene. “We will also use it as a base to launch future investments as we expand our soft magnetics technology platform, scale up additional powder operations, and demonstrate a number of next-generation materials we have under development today.” The ETC investment complements Carpenter Technology’s 500,000ft2 Alabama manufacturing facility, which began operations in 2014 and produces high-end specialty alloy products, primarily for the aerospace and energy markets. “We have chosen to continue to invest in North Alabama because it offers three important advantages—a high-quality, tech-oriented workforce, a clear connection with the aerospace industry, and a close working partnership with state and local government officials,” Thene said. “I have been looking forward to the opening of Carpenter Technology’s Emerging Technology Center since we joined with company leaders to announce plans for the facility at the Farnborough International Airshow in 2018,” Alabama Gov. Kay Ivey said. “I’m proud to see this world-class R&D center call Alabama home as we continue to strengthen the partnership with our friends at Carpenter Technology.” Carpenter Technology has invested approximately $40 million in the ETC and is expected to create approximately 60 jobs during the next five years as well as help further the region’s position as an advanced manufacturing technology center. To date, the company has invested more than $600 million in its Alabama operations. SGL Carbon and Solvay have jointly agreed to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbon’s large-tow IM carbon fiber and Solvay’s primary structure resin systems. The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvay’s leadership in supplying advanced materials to the aerospace industry and SGL Carbon’s expertise in high-volume carbon fiber manufacturing. “For Solvay, this is an opportunity to lead the aerospace adoption of a composite material based on 50K IM carbon fiber. This is a highly competitive value proposition that brings more affordable high-performance solutions to our customers. We see this as the first step in a long-term partnership,” said Augusto Di Donfrancesco, member of Solvay’s executive committee. “By combining SGL’s carbon fiber expertise in our newly developed, unique 50K IM fiber with Solvay’s resin formulation and aerospace market expertise, both partners are aiming to develop an advanced aerospace material system. This alliance supports our strategic direction and accelerates our growth in the attractive aerospace market,” said Dr. Michael Majerus, spokesman of the management board of SGL Carbon. Composite materials for aerospace applications represent a multi-billion-dollar market that is expected to grow strongly in the coming decade. America Makes , the National Additive Manufacturing Innovation Institute, announced a new, 7-year Cooperative Agreement (CA) with the Department of Air Force, Air Force Research Laboratory (AFRL). The CA is a Cost-Reimbursement/Cost Share agreement with a total funding value worth up to a combined $322 million of government cost and America Makes cost share. The Institute is sponsored by the Office of the Secretary of Defense (OSD) Manufacturing Technology (ManTech) program, which focuses on cross-cutting defense manufacturing needs. The mission of America Makes directly supports the OSD ManTech program. In particular, the Institute looks to directly support the manufacturing technology needs for the OSD Research & Engineering modernization priorities, including hypersonics, cyber, and AI/machine learning. “For America Makes, this new CA with AFRL marks a monumental milestone,” said America Makes Executive Director John Wilczynski. “We have worked tirelessly together with the America Makes membership community during the last seven years and two previous Cooperative Agreements with AFRL to execute our mission of advancing the adoption of additive manufacturing (AM). We have moved well beyond our initial pilot start-up phase and a project phase driven by consortium developed roadmaps to become the recognized voice of our industry. “The new CA certainly signifies a high level of confidence by AFRL in America Makes, our collaborations, and the additive R&D projects whose outcomes are beginning to make real industry impact, especially for the defense industry and its supply chain,” Wilczynski added. Driven by the National Center for Defense Manufacturing and Machining ( NCDMM ), America Makes is the nation’s leading and collaborative partner in AM technology research, discovery, creation, and innovation. Established in 2012, it is the first of eight Manufacturing Innovation Institutes established and managed by the U.S. Department of Defense as public-private partnerships. America Makes is comprised of member organizations from industry, academia, government, non-government agencies, and workforce and economic development resources. Today, America Makes manages a portfolio of more than $215 million in public and private funds invested in advancing the state-of-the-art in AM in the United States. With the additional funding, that number in the next seven years will increase to more than a half-billion dollars. During the next seven years, America Makes will continue to employ the successful collaborative public-private model and to make continuous improvements to strengthen and further refine the Institute’s mission effectiveness and business resilience. The goal will be to create a more robust and capable manufacturing base to provide AM solutions to private and defense industries. Airbus has celebrated the 100th A220 aircraft produced for a customer during a ceremony at the aircraft program’s headquarters in Mirabel, Canada. The aircraft, an A220-300, destined for Riga, Latvia-based airBaltic, features a cabin layout with 149 seats plus modernized livery. The A220 family is assembled at Airbus’ main Final Assembly Line in Mirabel and more recently, also at the program’s second assembly line in Mobile, Alabama . The world’s first A220 (formerly called the C Series) was delivered in June 2016 to A220-100 launch operator SWISS. airBaltic became the A220-300 launch operator when the Latvian airline received delivery of the first ever A220-300 three years ago, on Nov. 28, 2016. airBaltic has since re-ordered A220-300 aircraft twice – bringing its firm order to 50 aircraft – to become the current biggest European A220 customer. The airline now operates a fleet of 20 A220-300 aircraft. airBaltic has an all-A220 fleet operating to various European and Russian destinations as well as to the Middle East. It currently operates the longest flight on an A220 – a 6.5-hour flight from Riga to Abu Dhabi, United Arab Emirates. Initially designed and delivered as the Bombardier C Series, the A220 is purpose-built for the 100-to-150 seat market to deliver fuel efficiency and widebody passenger comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20% lower fuel burn per seat compared to previous generation aircraft, along with significantly lower emissions and a reduced noise footprint. Close to 100 A220s are flying with six operators on four continents. At the end of October 2019, the aircraft had received 530 firm orders from more than 20 customers worldwide. Traverse City, Michigan-based Forkardt Inc. , a Hardinge company and provider of custom workholding solutions, has acquired the Soft-Touch technology intellectual property (IP) assets from General Manufacturing Systems, a supplier of custom workholding products in Saginaw, Michigan. With Soft-Touch, Forkardt strengthens its advanced custom and highly specialized workholding capabilities and IP portfolio for challenging applications in the automotive and aerospace markets such as the manufacturing of aluminum die cast materials and thin walled components where part deformation is a concern. To meet the evolving demands of increasingly electrified vehicle platforms and ever rising demand for increased fuel efficiency, manufacturers and suppliers in the transportation industries are racing to design and produce lighter, more efficient vehicles and components. Lightweighting is a top priority for manufacturers as they move to a mix of lighter, more advanced materials for structural parts. But these newer, flexible thin walled parts can easily distort under the pressure of normal machining and have a higher risk of bending or deforming in the clamping process. With this acquisition, Forkardt will provide a technology solution for thin-walled, advanced materials, where part deformation is a concern. The Soft-Touch chuck design allows clamp fingers to conform to a part's processed contour. Coupled with regulated clamping pressure, the resulting force dynamics give rigidity to fragile and delicate parts. "Soft-Touch is a critical technology that allows Forkardt to address the changing needs of the market and strengthen our capabilities around advanced materials," said Chris Brown, Global Product Manager at Forkardt. "With this acquisition, Forkardt now is the leader in non-deforming workholding solutions for the automotive, aerospace, and advanced materials markets. “We believe Forkardt provides one of the most advanced workholding solutions across the globe today,” said Gerry Mueller, CEO of General Manufacturing Systems. “The Soft-Touch technology that I created has a bladder which expands to grasp a part, matching the component’s irregular shape. This innovation meets the needs of manufacturers looking for distortion free workholding and aligns perfectly to Forkardt’s automotive and aerospace target market needs.” The acquisition closed in October 2019. Terms were not disclosed.

Emerging Technology Center Investments

46 Investments

Emerging Technology Center has made 46 investments. Their latest investment was in SurveySnap as part of their Seed on January 1, 2013.

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Emerging Technology Center Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/24/2013

Seed

SurveySnap

$0.01M

Yes

2

1/23/2013

Seed

Rehabtics

$0.02M

Yes

1

1/23/2013

Seed

PrintLess Plans

$0.02M

Yes

1

1/23/2013

Seed

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$99M

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10

1/23/2013

Seed

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$99M

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10

Date

1/24/2013

1/23/2013

1/23/2013

1/23/2013

1/23/2013

Round

Seed

Seed

Seed

Seed

Seed

Company

SurveySnap

Rehabtics

PrintLess Plans

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Amount

$0.01M

$0.02M

$0.02M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Emerging Technology Center Portfolio Exits

9 Portfolio Exits

Emerging Technology Center has 9 portfolio exits. Their latest portfolio exit was Unbound Concepts on June 26, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/26/2017

Acquired

2

00/00/0000

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$991

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

Date

6/26/2017

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00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

10

10

10

10

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