PLATINUM2022

Frederick Innovative Technology Center Inc

For Scientist and Entrepreneurs who want direction to grow their business, we deliver Tough Love from Proven Growth Fanatics to Confidently take the next step to exit!

aka FITCI   |   Frederick, MD   |  www.fitci.org

Mission

Accelerate technological innovation and the development of commercially viable technology-based businesses.

Ruling year info

2006

CEO/PRESIDENT

MS. KATHIE CALLAHAN BRADY

Main address

4539 Metropolitan Court

Frederick, MD 21704 USA

Show more contact info

EIN

20-1262262

NTEE code info

Economic Development (S30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

FITCI's aim is to grow and develop successful new businesses in Frederick County Maryland. We seek to assist entrepreneurs along the path to success by providing C level expertise, programs, events, networking, co-working space, and many additional services.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Incubator

FITCI's incubator was created to encourage innovation and accelerate the development of business in Frederick.

Population(s) Served
Adults

StartUp is a sequence of training to ensure the entrepreneurs business is solid. Most after taking this training have to pivot at some point; all have a solid business. The training is taught by very successful CEO’s and the focus is creating a solid Business Model, Value Proposition, perfect pitch while validating all with customer discovery and pitching to real investors. Training and practice involved in this sequence is Business Model Canvas, Value Proposition, Beyond the Pitch and ultimately Reality Check. Reality Check is similar to shark tank in that we put our members in front of investors to pitch their companies for funding. They receive invaluable advice on how to become “Fundable” only after hours of training and mentoring from beyond the pitch. This along with Funded “N” Brews is a part of our Investment Committee. Funded “N” Brews is one of our signature events where we introduce our community to very successful CEO’s who’ve raised capital along with VC’s who’ve funded successful companies. We believe success happens when you surrounded yourself with experts who have gone before you.

Population(s) Served
Self-employed people
Adults

@theTop is the natural progression of the CEO Roundtables (SGAB) which all FITCI members take advantage of. @theTop is a quarterly program for our FITCI clients, graduates, and advisors who have reached the highest-growth stage in their business yet are still interested in scaling. This program meets quarterly, is made up of multiple roundtables with a speakers series to keep our entrepreneurial community connected and sharp.

Population(s) Served
Self-employed people
Adults

The Executive Chairman Program is a match making program to enlisted a highly sought after C-Level Executive for our client company in need of the level of talent. The program is normally a 6-12 month program to get a “highly targeted” company funded. The Company must be a FITCI company with intentions of creating a headquarter in Frederick. Purpose is to direct the company and raise funds. Convertible note with the C-Level Executive and FITCI upon raise. With a proven C-Level executive at the helm a higher success rate is possible.

Population(s) Served
Self-employed people
Adults

The Edge is our newest 12-week “Community Growth Accelerator”. We believe anyone can put together a great accelerator (and yes we have) but an entrepreneur needs so much more. The power is in the connections and our accelerator is just that, a powerful community coming together to ensure our newest entrepreneurs are successful.

Population(s) Served
Self-employed people
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Related Program

Incubator

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of clients served

This metric is no longer tracked.
Totals By Year
Related Program

Incubator

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

These totals comprise of all client companies who were served within the incubator program.

Number of volunteers

This metric is no longer tracked.
Totals By Year
Related Program

Incubator

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The totals shown here are comprised of FITCI's Board of Directors, FITCI's Mentors, & FITCI's Advisors. Tracking of this metric started in 2017. For that reason years 2015 and 2016 show zero.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

- The Growth and Development of Commercially Viable Technology Based Businesses
- Training and Educating the Next Generation of Entrepreneurs
- Economic Development for the County and City of Frederick, Maryland

We leverage our hundreds of combined years of expertise from our advisers, staff, and partners to grow successful businesses.

- Access to over 45 high level CEO, CFO, & COO talent that act as advisors for our clients
- Close partnerships with the local County and City governments
- Our two expansive locations that include office space, labs, shared use space, plus shared lab space and equpiment

FITCI has graduated over 125 clients from our program, which has generated hundreds of jobs and millions of dollars in revenue for Frederick county and city.

Financials

Frederick Innovative Technology Center Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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Frederick Innovative Technology Center Inc

Board of directors
as of 10/10/2022
SOURCE: Self-reported by organization
Board chair

Mr. Edmond "Ted" Gregory

Linton Shafer Warfield & Garrett Principal

Term: 2020 - 2023

RICHARD GRIFFIN

THE CITY OF FREDERICK DED

JODIE BOLLINGER

FREDERICK COUNTY OED

JON ROWLEY

ROOSTERBIO

BRETT KRAIMER

CYCLEFIT

ANGIE COLLIER

ARONSON

TAMAR OSTERMAN

MARYLAND DEPARTMENT OF COMMERCE

KATHIE CALLAHAN BRADY

FITCI

DAVID GURZICK

HOOD COLLEGE

JOHN NOWELL

Human Venture Group

JEANNE O'CONNELL

Restorasis

ANNE BALDUZZI

TEDCO

THERESA BETHUNE

InfoPathways

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 10/10/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data