logo
Maryland Tech Council Launches Rural Technology Network to Accelerate Rural Innovation

Maryland Tech Council Launches Rural Technology Network to Accelerate Rural Innovation

Business Wire2 days ago
ROCKVILLE, Md.--(BUSINESS WIRE)--The Maryland Tech Council (MTC), the largest technology and life sciences trade association in the state, today announced the launch of the Rural Technology Network, a new initiative to accelerate growth in rural Maryland's technology ecosystem.
The Rural Technology Network will strengthen economic growth in rural Maryland through strategic business development and by offering companies enhanced access to networking, cost savings, education, mentorship and other resources. It also seeks to foster partnerships between the private sector, educational institutions, and local governments to enhance commercialization and grow the pipeline of local businesses and talent.
The Network will host inaugural events in Summer 2025.
'As a physician who has conducted research, I understand the benefits innovation can bring to patients while also promoting startup formation and growing our economy,' said Congressman Andy Harris, MD (MD-01). 'Small businesses employ the majority of workers in the 1st congressional district. The Rural Technology Network will give the most innovative entrepreneurs in rural Maryland a new way to connect, grow, and create good-paying jobs for Marylanders.'
'Rural Maryland has all the assets needed to be a top technology ecosystem – a deep pool of industry talent, low cost of doing business, and strong research base,' said Kelly Schulz, Chief Executive Officer of the Maryland Tech Council. 'We created the Rural Technology Network to build a unified voice for the rural technology ecosystem, strengthen ties between industry and research institutions, and enable entrepreneurs to achieve their biggest ambitions right here in Maryland.'
"We are very excited to announce our participation in the new Rural Technology Network in Western Maryland,' said Richard Police, Director, Business Development of Clym Environmental Services, LLC. 'We are proudly headquartered in Frederick, and are also proud to be opening a new environmentally friendly regulated waste processing facility in Frostburg that will be the only one of its kind in the United States. We look forward to helping to expand and support the burgeoning technology sector in Western Maryland through the Rural Technology Network."
'Biotechnology companies are discovering the unique advantages of locating in rural areas like Maryland's Eastern Shore—lower operating costs, access to agricultural supply chains, and a strong sense of community,' said Mike Thielke, Executive Director of the Eastern Shore Entrepreneurship Center (ESEC). 'The Rural Technology Network would play a vital role in supporting the infrastructure, talent connections, and pilot-scale capabilities these companies need to thrive."
Rural Maryland is a rapidly growing technology innovation hub. The Eastern Shore is home to emerging leaders in agritech, aquaculture, information technology, and aerospace, and Western Maryland hosts leaders in biotechnology, regenerative medicine, cyber security, and agritech.
To learn more about the Rural Technology Network and how to become a member of the Maryland Tech Council, organizations in Western Maryland may contact westernmdrtn@mdtechcouncil.com, and organizations on the Eastern Shore may contact easternshorertn@mdtechcouncil.com.
The Maryland Tech Council (MTC) is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. We are the largest technology and life sciences trade association in the state of Maryland, and we provide value by giving members a forum to learn, share, and connect. MTC brings the region's community together into a single, united organization that empowers our members to achieve their business goals through advocacy, networking and education. The vision for the Maryland Tech Council is to propel Maryland to become the number one innovation economy for life sciences and technology in the country. For more information: mdtechcouncil.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SCENTMATIC's AI "KAORIUM" Debuts at THAMEEN Fragrance Launch in London's Selfridges
SCENTMATIC's AI "KAORIUM" Debuts at THAMEEN Fragrance Launch in London's Selfridges

Business Wire

time42 minutes ago

  • Business Wire

SCENTMATIC's AI "KAORIUM" Debuts at THAMEEN Fragrance Launch in London's Selfridges

LONDON--(BUSINESS WIRE)--SCENTMATIC Inc., a leader in scent digitalization, introduced its AI-powered scent-to-language system, KAORIUM, at the THAMEEN Fragrance new product launch event. This pivotal event took place from June 5 to 11, 2025, at Selfridges department store in London, UK. Global Expansion: KAORIUM Establishes UK Presence Europe leads the global fragrance market, with the UK projected to reach US$2.82 billion by 2033. Recognizing this, SCENTMATIC is rapidly expanding its international footprint. In May 2024, SCENTMATIC established its overseas subsidiary, KAORIUM, in London, appointing industry expert Ben Yanoushek as CEO. Official UK operations commenced on February 1, 2025, with the launch of its dedicated website: KAORIUM Trialed at "Florentine Diamond" Launch Event The "Florentine Diamond" launch event for luxury brand THAMEEN Fragrance served as the initial trial for KAORIUM. Held in a prestigious section of Selfridges' beauty hall, the event attracted many visitors. On the opening day, a special breakfast event for industry professionals and influencers at Selfridges' "Brasserie of Light" allowed guests to experience KAORIUM firsthand through individual sessions. SCENTMATIC remains dedicated to showcasing KAORIUM's innovative ability to blend scent and language, enhancing sensory experiences both domestically and internationally. About THAMEEN Fragrance THAMEEN, a UK-based niche fragrance brand, translates to "precious" in Arabic. Inspired by rare jewels, it crafts exquisite, long-lasting Extrait de Parfums using carefully selected, high-quality ingredients. What is "KAORIUM"? KAORIUM is SCENTMATIC's AI system that mutually translates between scent and language. It visualizes elusive scent impressions with words and identifies scents linked to specific words. This unique experience activates both brain hemispheres, unlocking new sensitivities. KAORIUM's potential spans fragrance, education, dining, and purchasing, creating diverse business opportunities. SCENTMATIC Inc. Established in 2019, SCENTMATIC is a business design collective focused on "digitalizing olfaction." Through scent and language, it aims to evolve human sensibility and innovate various industries by adding emotional value to experiences. Representative: Toshiharu Kurisu Representative Director Location: 3F, 4-22-7 Ebisu, Shibuya-ku, Tokyo 150-0013, Japan URL:

Price Undertaking Agreement in China for Rémy Cointreau
Price Undertaking Agreement in China for Rémy Cointreau

Business Wire

timean hour ago

  • Business Wire

Price Undertaking Agreement in China for Rémy Cointreau

PARIS--(BUSINESS WIRE)--Regulatory News: As part of the anti-dumping procedure initiated on January 5, 2024, by the Ministry of Commerce of the People's Republic of China (MOFCOM), Rémy Cointreau (Paris:RCO) announces the conclusion of an agreement between the Chinese authorities and certain cognac producers regarding 'Price Undertaking agreement' applicable to imports of grape-based spirits in containers of less than 200 liters originating from the European Union. Under this agreement, certain cognac stakeholders affected by the procedure commit, each according to their own terms, to comply with a minimum import price in China. In return, the 'definitive' anti-dumping duties that were to be imposed on European exports will not be applied (for reference, the official 'provisional' rate was 38.1% for Rémy Cointreau's cognac division since October 11, 2024, in the form of a guarantee-backed deposit, and was reduced to 34.3% in its final version). This agreement in no way constitutes an acknowledgment of dumping practices. While the commercial terms of this agreement are less favorable than those that were in effect prior to the initiation of the investigation, they nonetheless represent a significantly more favorable outcome, or at the very least, a substantially less punitive alternative, compared to the imposition of definitive anti-dumping duties. At this stage, Rémy Cointreau is still awaiting further details regarding the practical arrangements for implementing this agreement, in order to be able to assess the impacts accurately. Thanks to this agreement, these impacts are expected to be far less restrictive than those initially anticipated at the time of the annual results publication on June 4, 2025, and will enable the strengthening of some investments in China. As a result, Rémy Cointreau will update its annual guidance when publishing first-quarter results on July 25. About Rémy Cointreau All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group's portfolio includes 14 singular brands, such as the Rémy Martin and LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,856 employees and on its distribution subsidiaries established in the Group's strategic markets. Rémy Cointreau is listed on Euronext Paris.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store