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The Chesapeake Innovation Center (CIC), the nation's first incubator dedicated to homeland security technology solutions, has opened in Annapolis, Md., with 80 percent of its space already leased. The seven companies' industry expertise includes biodefense, communication and information technology solutions.
The companies were competitively selected from more than 100 applicants from across the country. CIC client companies each receive value-added services based on an incubation model that aims to increase their likelihood of success. They have access to a network of investor resources and industry and business expertise, in addition to the CIC Partners.
The client companies of the CIC include:
Each CIC applicant follows a four-step application process that reviews business potential, technical merit, commercial viability, quality of the management team and potential economic impact to the region. Application materials are screened and qualified by the CIC management team for nomination. The CIC Advisory Committee, a 21-member body comprised of business and government experts, reviews and advises nominated applicants for admission.