Despite Entrepreneurship Slipping 13 spots in Baltimore, Betamore Continues To Grow
While Miami’s startup community is reeling in the excitement for being named the number 1 city for entrepreneurship in the country, other cities suffered a decrease in startups and entrepreneurship. The Kauffman Foundation released their latest numbers on entrepreneurship and startups late last week. Their Main Street report, is the bible for many startup communities.
Baltimore slipped from number 22 to number 35 in the latest rankings. Columbus Ohio and Nashville also slipped significantly. It’s worthy to note that for several years, all three cities were quickly rising up the ranks. It’s also important to note that in all three cities, many of their startups are no longer startups, in fact they are full blown businesses.
Regardless, that isn’t stopping the startup, entrepreneurship, and incubation efforts in Charm City. If anything, it will make them work harder.
Betamore, Baltimore’s first startup incubator and a leader in the Baltimore startup ecosystem since 2012, has launched more space at the City Garage co-working space.
Last year, as Betamore’s original space in Federal Hill, was bursting at the seams, they announced an expansion. They were able to grab up 8,000 square feet in City Garage, the old bus depot converted into co-working space, by Sagamore Ventures, the venture arm for Under Armour Founder and CEO, Kevin Plank.
The Baltimore Sun reported that the new space will give Betamore room for 90 more people, just about the number of people that have taken residence at the original space.
Since 2012 Betamore has helped thousands of entrepreneurs either through incubation, space, mentoring or events. Some of Baltimore’s most well known startups, like, ZeroFOX and Citelighter have come through the Betamore program. In 2015, Betamore went non-profit when they merged with the Greater Baltimore Technology Council.
Betamore and Sagamore have a history of working together. They previously put on Beta City a day long entrepreneurship conference that was also held at City Garage.